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XR IMMERSIVE TECH INC - FNTTF STOCK NEWS

Welcome to our dedicated page for XR IMMERSIVE TECH news (Ticker: fnttf), a resource for investors and traders seeking the latest updates and insights on XR IMMERSIVE TECH stock.

XR Immersive Tech Inc. is a leading player in the VR out-of-home entertainment industry, focused on the Synthesis VR software platform. They operate one of the largest VR arcades globally, offering over 400 VR games. With a recent transition to SVR business, XR Immersive is dedicated to growth, innovation, and providing immersive experiences. CEO A Shabeer Sinnalebbe's strategic leadership aims to establish XRI as a top software platform in the fast-growing VR/AR market.

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XR Immersive Tech announces that its CEO, Tim Bieber, has been accepted into the prestigious Forbes Business Council. This invitation-only community is dedicated to successful business owners and leaders, recognizing Bieber as a thought leader in Metaverse and web 3.0. His membership will enable him to share insights and foster connections with industry peers. This involvement is seen as a significant opportunity to enhance his influence and contribute to discussions on emerging trends in virtual reality.

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XR Immersive Tech (OTCQB: FNTTF) will participate in the Lytham Partners Spring 2022 Investor Conference from April 4-7, 2022. A webcast presentation is scheduled for 11:00 am ET on April 4, with a link available for replay. Management will also engage in virtual one-on-one meetings during the event. Interested parties can contact Lytham Partners for arrangements. XR Immersive Tech specializes in location-based Metaverse platforms and has established partnerships with major companies in the VR and AR industry.

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XR Immersive Tech Inc. (CSE:VRAR, OTCQB: FNTTF) announces a partnership between its subsidiary, Synthesis VR, and VictoryXR. This collaboration aims to bring educational VR content to location-based virtual reality (LBVR) operators globally through Synthesis VR's marketplace. VictoryXR specializes in VR educational content for K-12 levels, enhancing the learning experience with immersive field trips and gamified lessons. The partnership aims to leverage the growing demand for VR educational experiences as offline learning environments reopen, supporting increased business opportunities for VR Arcade centers.

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XR Immersive Tech Inc. (OTCQB: FNTTF) has announced significant developments as it enhances its Metaverse tools and VR experiences. Highlights include the successful launch of the UNCONTAINED™ VR attraction at the IAAPA Expo, securing 12 letters of intent for sales, and transitioning Synthesis VR into its operations. The company continues to focus on its Uncontained/OS software, enhancing user experiences in VR. Key partnerships and patent applications are part of its strategy to drive growth in 2022, emphasizing innovation in immersive entertainment technology.

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XR Immersive Tech (OTCQB: FNTTF) is set to participate as a featured speaker and sponsor at the Immerse Global Summit Metaverse 2.0 Conference on March 9-10, 2022. CEO Tim Bieber will address the social connectivity aspects of the Metaverse, emphasizing the integration of physical and digital realms. The conference will bring together industry leaders from major companies like HP, Google, and Adobe to discuss various topics including metaverse platforms and security. The event aims to enrich insights into the future potential of virtual and augmented reality technologies.

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XR Immersive Tech Inc. (OTCQB: FNTTF) announced that CEO Tim Bieber will present at the Q1 Virtual Investor Summit on March 8, 2022, at 2:00 PM ET. The presentation will focus on the company’s advancements in creating Metaverse tools, including the new Hyper-Immersive™ UNCONTAINED VR attraction and the recent acquisition of Synthesis VR. The event will be available via a public webcast. The summit is a platform connecting smallcap companies with investors.

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XR Immersive Tech Inc. (OTCQB: FNTTF) updates on its loan facility with Westdale Construction Co. Limited. The Company has paid a finder's fee of $150,000 to Generation PMCA Corp. for introducing Westdale, along with issuing 966,332 common share purchase warrants at $0.52 each, valid for 48 months. These warrants are under a four-month hold period per securities laws. Immersive Tech aims to innovate in social entertainment and VR/AR experiences, partnering with major clients like Intel and Capital One.

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XR Immersive Tech has engaged Lytham Partners for investor relations services starting February 1, 2022, for a monthly fee of US$7,000. Lytham Partners, a seasoned firm with over two decades of experience, will enhance corporate communications and outreach to the investment community. XR Immersive Tech, recognized for its leadership in location-based VR and AR entertainment since 2016, aims to further develop its platforms that serve major clients like Intel and the FDA.

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XR Immersive Tech Inc. (OTCQB: FNTTF) has launched a custom mixed media escape experience in collaboration with YouTube magician Chris Ramsay, who boasts nearly 6 million subscribers. The experience utilizes XR Immersive Tech's proprietary Uncontained/OS platform, transforming Ramsay's studio into a space station-themed adventure. Additionally, a limited at-home experience featuring custom cards and a mobile app is available for purchase. CEO Tim Bieber highlighted the innovative nature of this project, which leverages their immersive technology expertise.

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XR Immersive Tech announced that its acquisition of Synthesis VR on January 6, 2022, has resulted in the launch of a comprehensive support system for Android standalone VR headsets. This includes an industry-first digital rights management solution for over 300 global VR arcade operators, allowing broader content distribution. The Synthesis platform update features Wireless VR Streaming and an AI Engine for automation. This strategic move positions the company as a key player in the growing location-based VR sector, with anticipated exponential growth in Android headset sales.

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FAQ

What is the current stock price of XR IMMERSIVE TECH (fnttf)?

The current stock price of XR IMMERSIVE TECH (fnttf) is $0.096 as of October 15, 2024.

What is the market cap of XR IMMERSIVE TECH (fnttf)?

The market cap of XR IMMERSIVE TECH (fnttf) is approximately 1.7M.

What is XR Immersive Tech Inc. known for?

XR Immersive is a leading player in the VR out-of-home entertainment industry, focused on the Synthesis VR software platform.

What sets XR Immersive apart from its competitors?

With one of the largest VR arcades globally and a vast library of over 400 VR games, XR Immersive offers immersive experiences on a global scale.

Who leads XR Immersive Tech Inc.?

A Shabeer Sinnalebbe, the CEO of XR Immersive, provides strategic leadership to establish XRI as a top software platform in the fast-growing VR/AR market.

What is the primary focus of XR Immersive moving forward?

The primary focus of XR Immersive is the Synthesis VR business, driving growth, innovation, and providing cutting-edge VR experiences.

How does XR Immersive contribute to the VR landscape?

XR Immersive plays a pivotal role in the VR landscape by offering advanced VR experiences, hardware compatibility, and innovative game development.

What are some recent achievements of XR Immersive?

Recent achievements include partnering with WANADEVSTUDIO for Propagation: Top Survivors and forming an AI-powered creative agency for content creation.

What should investors look forward to in 2024 from XR Immersive?

In 2024, XR Immersive will be hosting an Investor Webinar with CEO Shabeer Sinnalebbe to present and discuss the company's strategic direction and future plans.

How does XR Immersive aim to grow in the VR/AR market?

XR Immersive aims to solidify its position as a premier software platform by continuing to innovate, expand its VR arcade network, and enhance user experiences.

What recent partnerships has XR Immersive engaged in?

XR Immersive has partnered with Smilegate Entertainment Inc. for Crossfire: Sierra Squad and Schell Games LLC for I Expect You To Die 2, expanding its VR content offerings.

What is the long-term vision of XR Immersive Tech Inc.?

The long-term vision of XR Immersive is to establish itself as a leading player in the global VR/AR market, providing cutting-edge technologies, immersive experiences, and innovative content.

How can users stay updated with XR Immersive Tech Inc.'s latest news?

Users can sign up for the Synthesis VR official newsletter to receive updates on XR Immersive's latest developments, partnerships, and industry insights.

XR IMMERSIVE TECH INC

OTC:FNTTF

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1.70M
4.37M
67.67%
Computer Hardware
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