Imaginear Inc Stock Price, News & Analysis

Imagine AR Inc. announced a significant revenue increase of 384% over the comparable nine-month period in 2020, as detailed in their quarterly statement for May 31, 2021. The company holds a cash position of $5,297,395, ensuring operational funding through 2022. Key client updates include the successful launch of the ImagineAR SDK Version 1.3 by Club Atletico Mineiro, achieving over 12,000 interactions in 24 hours. The SportIn app has also launched globally, expanding ImagineAR's reach.

ImagineAR (CSE: IP, OTCQB: IPNFF) announces the appointment of Jake Parks as Advisor to the CEO, focusing on North American sports and entertainment products. Parks, a former executive at adidas, brings over 11 years of experience working with elite NFL athletes including Patrick Mahomes and Von Miller. His expertise in developing marketing strategies is expected to enhance ImagineAR's augmented reality technology applications. CEO Alen Paul Silverrstieen expressed excitement for future plans to be shared with shareholders this fall.

Imagine AR Inc. (OTCQB: IPNFF) announced a successful launch of its augmented reality (AR) platform, Galo AR, in partnership with Clube Atlético Mineiro. This innovative platform resulted in a remarkable 3000% increase in daily registrations, showcasing the potential for enhanced fan engagement through AR technology. Within 24 hours of the campaign's launch, over 12,000 interactions were recorded. The company aims to leverage this engagement to attract brands and sponsors, ultimately driving new revenue for the club.

ImagineAR (CSE: IP, OTCQB: IPNFF) has announced a three-year agreement valued at $185,000 with BLACKOWNED, aimed at creating a white-label mobile app for immersive augmented reality (AR) content. This partnership, expected to launch in fall 2021 after the World Tens Rugby Tournament in August, will utilize ImagineAR's Global Cloud Architecture to enhance content management and compliance. The collaboration focuses on education, employment, and empowerment within the Black community, marking a significant step in ImagineAR's strategic growth.

ImagineAR (OTCQB: IPNFF) announces a partnership with Global Sports Initiatives and Ryan Norman Racing for a unique Augmented Reality (AR) experience at the Honda Indy 200, scheduled for July 2-4, 2021. Fans can use the ImagineAR mobile app to interact with a 3D IndyCar and receive a limited-edition reward card on their devices. This initiative aims to enhance fan engagement and promote young athletes, showcasing emerging technologies in sports.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) has been selected as one of the top 10 startups to present at the DEC Association Tech Day on June 2, 2021. This event focuses on promoting excellence in Customer Experience, particularly in the Spanish-speaking market. CEO Alen Paul Silverrstieen expressed pride in showcasing their AR platform, emphasizing its potential for major brand engagement. The event aims to provide a platform for sharing innovative practices and insights in customer experience management.

Imagine AR Inc. (OTCQB: IPNFF) has been selected as one of 10 finalists for the Euroleague Basketball FanXP innovation challenge, taking place from June 21-28, 2021. This opportunity allows ImagineAR to showcase its augmented reality solutions to top basketball clubs in Europe, participate in private mentoring sessions, and engage in a 10-week incubation project. CEO Alen Paul Silverrstieen emphasized the significance of this event for enhancing sports fan engagement through mobile AR technology.

On May 19, 2021, ImagineAR Inc. (OTC: IPNFF) and partners launched a limited edition series of 5 NFTs featuring Jeezy's iconic snowman logo. These AR-enhanced digital collectibles pay homage to his 2005 album, Let's Get It: Thug Motivation 101. Each of the 1,001 NFTs is priced at $101 USD and includes classic Jeezy adlibs. Up to 30 buyers will receive a personally autographed album. This initiative aims to connect Jeezy with his fans through innovative digital art, set to be sold on the INFINITE by SUKU NFT Marketplace.

Imagine AR Inc. (CSE: IP, OTCQB: IPNFF) announced significant updates in a press release dated May 10, 2021. The company proudly reported the publication of its seventh US patent, which relates to augmented reality content delivery. Several client partnerships have advanced, including initiatives with the Minnesota Blizzard and Arizona Rattlers, and AR training sessions with Shopper's Drug Mart. Additionally, the company raised over $1 million from warrant exercises and is developing multiple white-label apps. Imagine AR continues to engage with sports partners through the Hype Sports Global Accelerator Program.