QReal Announces The Launch Of TRYO, A Multi-Brand, Multi-Category Virtual Try-On Shopping Experience App

Rhea-AI Summary

QReal, a subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR), has launched the TRYO app, a multi-brand virtual try-on platform enabling users to try on footwear, watches, hats, and eyewear using advanced Augmented Reality and photogrammetry technology. The app aims to enhance e-commerce by allowing consumers to make more confident purchasing decisions, addressing the significant issue of online purchase returns. Initial offerings include over 500 3D models from leading brands, with plans for continuous expansion.

Positive

• Launch of the TRYO app that enhances user experience in e-commerce.
• Integration of advanced AR and body placement technology for realistic try-ons.
• Initial catalog includes over 500 3D models from leading global brands.
• Potential to reduce return rates for e-commerce brands.

Negative

• None.

First Of Its Kind SaaS-Based Virtual Try-On App Utilizing Advanced Augmented Reality, Photogrammetry and Body Placement Technology to Propel e-Commerce

NEW YORK, NY / ACCESSWIRE / November 16, 2022 / QReal (https://www.qreal.io/), a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR), (FSE:9DR), and a provider of life-like, Augmented Reality (AR), 3D digital content targeting, among others, the e-Commerce, Retail, Food & Hospitality, Branding, Apparel, Luxury, Automotive and Construction industries announced the commercial launch of its novel TYRO app, the first multi-brand, multi-category virtual try-on experience providing users a one-stop shop to virtually try on leading brands' footwear, watches, hats, and eyewear, with additional brands and products added weekly.

In the U.S. alone, e-Commerce sales account for approximately $1 trillion of total annual retail sales, with billions of online purchases returned annually. Utilizing QReal's advanced AR capabilities, first in class photogrammetry and accurate body placement technology, TRYO allows users to see exactly how fashion accessories like hats, glasses, shoes or watches will look on them specifically, propelling a more confident buying decision.

https://vimeo.com/769509077

Launched with over 500 initial 3D models from leading global brands, TRYO is creating a vast library of ultra-realistic 3D branded models which could significantly lower the costs for any brand or retailer looking to incorporate 3D models on their online product display page or to offer virtual try-ons.

Mike Cadoux, General Manager of QReal commented: "We are striving to change the future of online shopping and make the experience more fun and easier for consumers. In parallel, we also want to offer brands a simple and cost effective way to adopt AR and embed an intuitive virtual try-on experience into their own websites and e-Commerce business models. We believe TRYO is an engine that can power the next evolution of shopping."

About QReal

QReal creates, distributes and manages photorealistic, life-like, 3D and Augmented Reality (AR) content. This content is typically integrated in social media campaigns and e-commerce platforms with the goal of increasing sales, improving brand recognition, creating viral content and boosting e-commerce conversion. Current industry verticals include: food, fashion, apparel, architecture and automotive. QReal aims to expand the medium of AR, make it beautiful and manageable. For more information, visit www.qreal.io , and for the TRYO app: https://tryo.io/

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ:VRAR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry. Glimpse's unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR 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 contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us 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 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 are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts 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.

QReal Contact

Mike Cadoux
General Manager
mcadoux@qreal.io

Glimpse Contact

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

Investor Relations:

Mark Schwalenberg, CFA
Director
MZ Group - North America
312-261-6430
Glimpse@mzgroup.us
www.mzgroup.us

SOURCE: The Glimpse Group, Inc.

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https://www.accesswire.com/726097/QReal-Announces-The-Launch-Of-TRYO-A-Multi-Brand-Multi-Category-Virtual-Try-On-Shopping-Experience-App

FAQ

What is the TRYO app launched by QReal?

The TRYO app is a multi-brand virtual try-on platform that allows users to see how footwear, watches, hats, and eyewear would look on them using Augmented Reality.

How does the TRYO app improve online shopping?

The app utilizes advanced AR and body placement technology to help consumers make more confident purchasing decisions, reducing the likelihood of returns.

What brands are featured in the TRYO app?

The TRYO app launched with over 500 initial 3D models from various leading global brands, with more being added weekly.

What technology does the TRYO app use?

The app employs Augmented Reality, photogrammetry, and precise body placement technology to deliver a realistic virtual try-on experience.

How can e-commerce businesses benefit from the TRYO app?

The TRYO app can lower costs for brands looking to integrate 3D models and virtual try-ons into their online platforms, potentially decreasing return rates.