Foretell Reality Extends Partnership With Nova Southeastern University For An AI Based Immersive Training System

Rhea-AI Summary

Foretell Reality, a subsidiary of The Glimpse Group (NASDAQ:VRAR), has extended its partnership with Nova Southeastern University (NSU) to develop an AI-based immersive training system. This potential six-figure development and commercialization partnership aims to create a simulation and assessment platform for practicing professional skills in virtual reality (VR) environments with AI-powered characters.

The platform will enable the creation of flexible training scenarios with customizable AI characters and provide automatic analysis and feedback on learners' performance. This collaboration leverages VR and AI technologies to offer powerful learning opportunities in safe, controlled environments, fostering deeper engagement and improved knowledge retention.

NSU's Dean Andy Rosman emphasized the university's commitment to pushing the boundaries of higher education technology, while Glimpse's CEO Lyron Bentovim highlighted the integration of AI capabilities as a significant advancement in training simulations.

Positive

• Potential six-figure partnership extension with Nova Southeastern University
• Development of an AI-based immersive training system for professional skills
• Integration of AI capabilities into immersive technology training tools
• Expansion of Glimpse Group's presence in the higher education sector

Negative

• None.

NEW YORK, NY / ACCESSWIRE / October 3, 2024 /The Glimpse Group, Inc. (NASDAQ:VRAR) (Glimpse") a diversified Immersive Technology platform company providing enterprise-focused Extended Reality ("XR") and Spatial Computing software and services, announced today that its wholly owned subsidiary company - Foretell Reality - entered into a potential six figure development and commercialization partnership extension with Nova Southeastern University ("NSU") to collaboratively develop a simulation and assessment platform that enables learners to practice various professional skills (e.g., negotiation practice, client management, audit interviews, human resource counseling), through conversation and interaction with AI-powered characters in immersive settings leveraging Virtual Reality ("VR") and AI technologies.

The platform will enable simulation builders to create flexible training scenarios, including the ability to define a range of expertise levels, biographical details, and behavioral attributes for the AI characters. Additionally, the platform will apply AI tools to automatically analyze, evaluate and provide feedback on a learners' substantive and behavioral performance.

Role-play simulations in VR provide powerful learning opportunities by allowing participants to practice real-world skills in safe, controlled environments. Immersive simulations foster deeper engagement and improve knowledge retention by replicating complex interpersonal dynamics and situational challenges that are difficult to recreate in traditional learning settings. By receiving immediate feedback, learners can refine their skills more effectively, which is particularly valuable for professional training where practical experience is crucial for success.

Andy Rosman, dean of NSU's H. Wayne Huizenga College of Business and Entrepreneurship, commented: "NSU continues to push the boundaries of higher education technology. We are excited to continue to expand our technology partnership with The Glimpse Group, as we seek to leverage powerful XR technology, now in combination with AI, to further impactful, cutting edge, learning tools."

"The development and integration of AI capabilities into our Immersive technology training tools represents a leap forward in the depth and effectiveness of training simulations" said Lyron Bentovim, CEO of Glimpse. "We are excited to extend our work with NSU, whose innovative approach to higher learning allows their students to effectively develop real word skills in the classroom in a way which better prepares them for real life situations."

About Nova Southeastern University (NSU)

Florida's largest private research university, NSU was established in 1964 in Fort Lauderdale with a focus on graduate and professional education. Now with 14 colleges and nine campus locations spanning seven cities in Florida plus Denver, Colorado, and San Juan, Puerto Rico, NSU delivers more than 150 undergraduate, graduate, and professional degree programs and will generate a $5-billion economic impact to the state of Florida by 2025. Visit Fast Facts for more information.

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ: VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model provides scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Glimpse Contact

Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com

SOURCE: The Glimpse Group, Inc.

View the original press release on accesswire.com

FAQ

What is the purpose of Foretell Reality's partnership extension with Nova Southeastern University?

The partnership extension aims to develop an AI-based immersive training system that enables learners to practice professional skills through interaction with AI-powered characters in virtual reality environments.

How will the new platform benefit learners using Foretell Reality's VR training system?

The platform will provide learners with immediate feedback, allow them to practice real-world skills in safe environments, and improve knowledge retention through immersive simulations that replicate complex interpersonal dynamics and situational challenges.

What technologies are being used in Foretell Reality's new training platform for NSU?

The platform leverages Virtual Reality (VR) and Artificial Intelligence (AI) technologies to create immersive training simulations with AI-powered characters for skill development and assessment.

How does this partnership extension impact The Glimpse Group's (NASDAQ:VRAR) business?

The partnership extension represents a potential six-figure development and commercialization opportunity for The Glimpse Group, expanding its presence in the higher education technology sector and advancing its AI-integrated immersive training solutions.