STOCK TITAN

MOU Finalizes Space+ Metaverse Development Team

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

NRP Stone, Inc. (OTC PINK:NRPI) announced its subsidiary, Uplift Aerospace, has signed an MOU with 97th Floor and Continuum XR to finalize a development team for the Space+ project. This partnership aims to enhance community access to low Earth orbit, the Moon, and beyond. The collaboration will focus on smart contract development, virtual 3D asset creation, community development, and digital marketing. More details are expected as the project prepares for its Spring 2022 launch.

Positive
  • Strategic MOU with experienced firms enhances Uplift Aerospace's development capabilities.
  • Focus on innovative solutions to improve access to space, indicating potential market growth.
Negative
  • No specific financial metrics were provided related to the project investment.
  • Dependence on successful market acceptance and timely development introduces risks.

PARK CITY, UT / ACCESSWIRE / January 27, 2022 / NRP Stone, Inc. (OTC PINK:NRPI) NRP Stone, Inc. subsidiary, Uplift Aerospace, recently signed an MOU with 97th Floor and Continuum XR finalizing its development team for the Space+ project, which is leveraging Uplift's unique position in the aerospace industry to increase community access to low Earth orbit, the Moon, and beyond both physically and digitally. The MOU with 97th Floor and Continuum XR provides Uplift the expertise and technical background for smart contract development, virtual 3D asset creation, and community development and digital marketing. More information will be shared as the Space+ project prepares to launch Spring 2022.

ABOUT UPLIFT AEROSPACE
An emerging leader in the rapidly transforming space industry, Uplift Aerospace is pioneering revolutionary systems to manufacture, trade, and deliver products for a multiplanetary economy.

MEDIA CONTACT: press@upliftaerospace.com

US OTC Symbol: NRPI; CUSIP: 62940J200. For the latest updates, visit upliftaerospace.com and follow @upliftaerospace on Facebook, Instagram, and Twitter.

Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company, its management, or affiliates, undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: NRP Stone, Inc.



View source version on accesswire.com:
https://www.accesswire.com/685957/MOU-Finalizes-Space-Metaverse-Development-Team

FAQ

What is the MOU signed by NRP Stone, Inc. regarding the Space+ project?

NRP Stone, Inc.'s subsidiary, Uplift Aerospace, signed an MOU with 97th Floor and Continuum XR to develop the Space+ project, which focuses on enhancing access to low Earth orbit and beyond.

What companies are involved in NRP Stone's Space+ project?

The companies involved in the Space+ project are NRP Stone, Inc.'s subsidiary Uplift Aerospace, 97th Floor, and Continuum XR.

When is the Space+ project expected to launch?

The Space+ project is expected to launch in Spring 2022.

What are the goals of the Space+ project by Uplift Aerospace?

The Space+ project aims to increase community access to low Earth orbit and provide a digital experience through smart contracts and virtual assets.

What are the risks associated with NRP Stone, Inc.'s Space+ project?

Risks include the timely development and market acceptance of the products and technologies being developed under the Space+ initiative.

NRP STONE INC

OTC:NRPI

NRPI Rankings

NRPI Latest News

NRPI Stock Data

14.22M
Aerospace & Defense
Industrials
Link
United States of America
Park City