RETRANSMISSION: ImagineAR's Famedays Secures $10 Million Contract to Develop 25,000 Sq. Ft. Immersive Entertainment Center at a Niagara Falls Hotel in Canada
ImagineAR (CSE: IP) (OTCQB: IPNFF) announced that its subsidiary FameDays has secured a $10 million contract to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement was executed with Ontario real estate developer Mr. J Grewal on February 21, 2025.
The project represents the first implementation of ImagineAR's new AR-AI business model designed for scalable, recurring revenue. Key features include:
- A non-refundable deposit of $250,000 paid upon contract execution
- A Master Services Agreement for ongoing support
- Annual fees and monthly royalties based on gross sales
- Immersive attractions, AR racing, VR Gaming, and Mixed Reality
Located in a region attracting over 13 million visitors annually, the center aims to capitalize on Niagara Falls' tourism. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, with potential expansion already in discussion for a second, larger location in Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) ha annunciato che la sua sussidiaria FameDays ha ottenuto un contratto di 10 milioni di dollari per sviluppare un centro esperienziale immersivo di 25.000 piedi quadrati a Niagara Falls, Ontario. L'accordo è stato firmato con il sviluppatore immobiliare dell'Ontario Mr. J Grewal il 21 febbraio 2025.
Il progetto rappresenta la prima attuazione del nuovo modello di business AR-AI di ImagineAR, progettato per generare entrate ricorrenti e scalabili. Le caratteristiche principali includono:
- Un deposito non rimborsabile di 250.000 dollari pagato al momento della firma del contratto
- Un Master Services Agreement per supporto continuo
- Tariffe annuali e royalties mensili basate sulle vendite lorde
- Attrazioni immersive, gare in AR, giochi VR e realtà mista
Situato in una regione che attrae oltre 13 milioni di visitatori all'anno, il centro mira a capitalizzare il turismo delle Cascate del Niagara. La partnership funge da modello per scalare la tecnologia di ImagineAR in destinazioni globali ad alto traffico, con potenziali espansioni già in discussione per una seconda sede, più grande, in Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) anunció que su subsidiaria FameDays ha asegurado un contrato de 10 millones de dólares para desarrollar un centro de experiencia inmersiva de 25,000 pies cuadrados en Niagara Falls, Ontario. El acuerdo fue firmado con el desarrollador inmobiliario de Ontario Mr. J Grewal el 21 de febrero de 2025.
El proyecto representa la primera implementación del nuevo modelo de negocio AR-AI de ImagineAR, diseñado para ingresos recurrentes y escalables. Las características clave incluyen:
- Un depósito no reembolsable de 250,000 dólares pagado al momento de la firma del contrato
- Un Acuerdo de Servicios Maestros para soporte continuo
- Cuotas anuales y regalías mensuales basadas en las ventas brutas
- Atracciones inmersivas, carreras en AR, juegos VR y realidad mixta
Ubicado en una región que atrae a más de 13 millones de visitantes al año, el centro tiene como objetivo capitalizar el turismo de las Cataratas del Niágara. La asociación sirve como un modelo para escalar la tecnología de ImagineAR en destinos globales de alto tráfico, con una posible expansión ya en discusión para una segunda ubicación más grande en Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF)는 자회사 FameDays가 1천만 달러 계약을 체결하여 25,000 평방피트의 몰입형 경험 센터를 온타리오 주 나이아가라 폭포에 개발할 것이라고 발표했습니다. 이 계약은 2025년 2월 21일 Mr. J Grewal와 체결되었습니다.
이 프로젝트는 ImagineAR의 새로운 AR-AI 비즈니스 모델의 첫 번째 구현을 나타내며, 이는 확장 가능하고 반복적인 수익을 위해 설계되었습니다. 주요 특징은 다음과 같습니다:
- 계약 체결 시 지급되는 25만 달러의 환불 불가 보증금
- 지속적인 지원을 위한 마스터 서비스 계약
- 총 매출에 기반한 연간 수수료 및 월별 로열티
- 몰입형 어트랙션, AR 레이싱, VR 게임 및 혼합 현실
연간 1,300만 명 이상의 방문객을 끌어들이는 지역에 위치한 이 센터는 나이아가라 폭포의 관광을 활용할 목표를 가지고 있습니다. 이 파트너십은 ImagineAR의 기술을 고유한 트래픽이 많은 글로벌 목적지로 확장하기 위한 청사진 역할을 하며, 온타리오에 더 크고 두 번째 장소에 대한 확장 논의도 이미 진행 중입니다.
ImagineAR (CSE: IP) (OTCQB: IPNFF) a annoncé que sa filiale FameDays a obtenu un contrat de 10 millions de dollars pour développer un centre d'expérience immersive de 25 000 pieds carrés à Niagara Falls, Ontario. L'accord a été signé avec le promoteur immobilier de l'Ontario Mr. J Grewal le 21 février 2025.
Le projet représente la première mise en œuvre du nouveau modèle commercial AR-AI d'ImagineAR, conçu pour des revenus récurrents et évolutifs. Les principales caractéristiques comprennent :
- Un acompte non remboursable de 250 000 dollars payé lors de la signature du contrat
- Un contrat de services principaux pour un soutien continu
- Des frais annuels et des redevances mensuelles basées sur les ventes brutes
- Attractions immersives, courses en AR, jeux VR et réalité mixte
Situé dans une région attirant plus de 13 millions de visiteurs par an, le centre vise à capitaliser sur le tourisme des chutes du Niagara. Le partenariat sert de modèle pour étendre la technologie d'ImagineAR dans des destinations mondiales à fort trafic, avec une éventuelle expansion déjà en discussion pour un deuxième emplacement plus grand en Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) gab bekannt, dass ihre Tochtergesellschaft FameDays einen 10-Millionen-Dollar-Vertrag zur Entwicklung eines 25.000 Quadratfuß großen immersiven Erlebniszentrums in Niagara Falls, Ontario gesichert hat. Der Vertrag wurde am 21. Februar 2025 mit dem Immobilienentwickler aus Ontario Mr. J Grewal unterzeichnet.
Das Projekt stellt die erste Umsetzung des neuen AR-AI-Geschäftsmodells von ImagineAR dar, das für skalierbare, wiederkehrende Einnahmen konzipiert ist. Zu den Hauptmerkmalen gehören:
- Eine nicht erstattungsfähige Anzahlung von 250.000 Dollar, die bei Vertragsunterzeichnung gezahlt wird
- Ein Master-Service-Vertrag für fortlaufende Unterstützung
- Jährliche Gebühren und monatliche Lizenzgebühren basierend auf dem Bruttoumsatz
- Immersive Attraktionen, AR-Rennen, VR-Spiele und gemischte Realität
Das Zentrum befindet sich in einer Region, die jährlich über 13 Millionen Besucher anzieht, und zielt darauf ab, vom Tourismus der Niagarafälle zu profitieren. Die Partnerschaft dient als Vorlage für die Skalierung der Technologie von ImagineAR an stark frequentierten globalen Standorten, wobei bereits über eine zweite, größere Niederlassung in Ontario diskutiert wird.
- Secured a substantial $10 million contract for immersive entertainment development
- Established recurring revenue model through annual fees and monthly royalties
- Strategic location in Niagara Falls with access to 13 million annual visitors
- Received $250,000 non-refundable deposit showing client commitment
- Potential expansion with discussions for additional locations already underway
- Positioned in a rapidly growing market projected to reach $1.7 trillion by 2032
- Project execution and timeline risks for completing the 25,000 sq. ft. center
- Dependency on tourism patterns which can be affected by economic downturns
- Competition in the rapidly growing immersive technology market
- Potential technical challenges in implementing advanced AR/AI technologies
- Reliance on a single developer relationship for this major project
FameDays also signed a Master Services Agreement to provide ongoing on-site and software support and will be paid an annual fee and recurring monthly royalties once the center opens to the public
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2025) - ImagineAR (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) an Augmented Reality company that enables organizations, brands and businesses to create their own immersive experiences, announced today the execution of a Design and Project Installation Agreement by its wholly-owned subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The
Mr. J Grewal, an Ontario real estate developer and owner of the location for the Immersive Centre at Niagara Falls, paid a non-refundable deposit of
Strategic Location: Niagara Falls' Tourism Powerhouse
Niagara Falls attracts over 13 million visitors annually, making it one of North America's most iconic tourist destinations. The immersive center intends to capitalize on this foot traffic, positioning ImagineAR's technology at the intersection of entertainment, education, and next-gen tourism. The location ensures access to a global audience and enhancing visibility for both parties.
2025 Rollout
The Niagara Falls center is the first immersive AR /AI installations slated for 2025. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, from theme parks to cultural landmarks.
Mr. J Grewal added, "An immersive center inside a hotel transforms the guest experience from a simple stay to a journey of discovery, blending technology, culture, and entertainment seamlessly. In Canada, where travelers seek both adventure and authenticity, this innovation allows hotels to offer curated, interactive experiences that not only enhances guest satisfaction but also drives longer stays and repeat visits, making it the future of hospitality. We have already expressed interest to open two more locations, and we are currently in discussions to open our 2nd immersive center in Ontario with much larger square footage."
Alen Paul Silverrstieen, CEO of ImagineAR, stated, "This partnership is a transformative milestone. Niagara Falls' tourist base provides the ideal stage to showcase how AR/AI can redefine experiential entertainment. By signing a
Recent data predicts the immersive tech market will explode from
About ImagineAR
ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.
For more information or to explore working with ImagineAR or Famedays , please email info@imaginear.com, or visit www.imagineAR.com.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
info@imaginear.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or"believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".
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FAQ
What is the value of the contract ImagineAR (IPNFF) secured for the Niagara Falls immersive center?
How will IPNFF generate recurring revenue from the Niagara Falls immersive center project?
What technologies will be featured in IPNFF's Niagara Falls immersive entertainment center?
What is the projected market growth for immersive technology that IPNFF is targeting?
What expansion plans does IPNFF have beyond the initial Niagara Falls immersive center?
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