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ImagineAR Inc. reports on augmented reality and immersive-technology business developments tied to its ImagineAR.com platform and its wholly owned FameDays subsidiary. Company updates describe an AR platform that enables businesses to create immersive campaigns without programming experience, FameDays' immersive entertainment center activities, and the use of augmented reality, artificial intelligence and interactive technology in location-based experiences.
Recurring news themes include the operating status of the AR platform, intellectual property and licensing initiatives, strategic partnerships, project agreements and terminations, warrant extensions, consulting arrangements, option grants, annual meeting results, executive finance leadership changes, and trading-market status for the company's common shares.
ImagineAR Inc. (OTCQB: IPNFF) and Liquid Avatar Technologies Inc. (OTC: TRWRF) launched Oasis Digital Studios, focusing on AR-enhanced NFTs. With NFT trading volume exceeding $340 million last month, Oasis aims to support artists and brands by creating interactive NFT experiences using augmented reality. The studio will manage various digital assets while sharing revenue with partners. The Liquid Avatar Mobile App, launched in February 2021, enables users to manage digital identities, providing a platform for AR NFTs.
ImagineAR has been awarded US Patent No. 10,946,284, enhancing its intellectual property portfolio to six patents. This patent focuses on location-based virtual gameplay, enabling dynamic multiplayer gaming experiences that vary based on player locations. CEO Alen Paul Silverrstieen emphasized this development as a testament to the company's technological leadership in the North American augmented reality market. ImagineAR continues to offer an 'AR-as-a-Service' platform allowing various organizations to create interactive AR campaigns.
ImagineAR (OTCQB: IPNFF) has entered into a three-year partnership worth $380,000 with World Tens Series (WTS) and Global Sports Initiatives (GSI). This agreement focuses on creating a white-label mobile app that facilitates immersive AR experiences for rugby fans globally. ImagineAR's CEO, Alen Paul Silverrstieen, highlighted that this deal nearly matches their total bookings for 2020 in just 60 days of 2021, indicating strong growth potential. This partnership positions ImagineAR as a pioneer in utilizing AR within the sports sector.
ImagineAR (CSE: IP, OTCQB: IPNFF) has been selected as one of 40 global finalists for the Hype Global Virtual Accelerator 2.0 Fan Vertical Bootcamp, chosen from 1,444 applicants. This prestigious selection underscores the company's innovative Augmented Reality (AR) platform aimed at enhancing sports fan engagement. ImagineAR also launched a Japanese-language website, expanding its marketing efforts in Japan, led by industry veteran Masa Ishimitsu. The company anticipates increased opportunities in the sports sector as it participates in targeted vertical bootcamps.
ImagineAR (IPNFF) has formed a strategic partnership with Global Sports Initiatives (GSI), aiming to revolutionize fan engagement in sports. This collaboration allows for the rapid transformation of stadiums into 'Smart' content production studios, leveraging AR technology for new immersive experiences. Joseph A. Molloy, GSI's Managing Director, emphasized the potential for globalizing fan interaction and creating new revenue streams. Both companies anticipate that this venture will open doors for innovative monetization methods in sports, esports, and leagues worldwide.
ImagineAR (CSE: IP) (OTCQB: IPNFF) has partnered with Blue United Corporation to launch its Augmented Reality Platform in Japan. Blue United's client roster includes major sports teams and brands, enhancing ImagineAR's presence in a strategic market. This move aims to boost sales and fan engagement in the Japanese sports sector. Blue United's CEO highlighted the innovative potential of ImagineAR for driving revenue streams. The collaboration underscores ImagineAR's commitment to global expansion and leveraging Japan's growing demand for immersive mobile experiences.
Imagine AR Inc (CSE: IP, OTCQB: IPNFF) is enhancing Black History Month initiatives through a partnership with the Black Owned Institute. The initiative aims to transform how Black history is taught in schools via augmented reality (AR). Participants will use the Imagine AR app to access educational content by scanning historical images. The program seeks to foster community engagement and support youth education efforts. Imagine AR's platform enables organizations to create interactive AR campaigns without technical expertise, utilizing mobile devices for educational outreach.
ImagineAR has announced a three-year partnership with Footsteps to Freedom LLC and Black Voice Foundation to create a mobile AR app subscription platform. This initiative aims to provide immersive AR experiences focused on the Underground Railroad's history, targeting over 50 school districts and more than 1 million students in Southern California. The financial terms of the agreement remain undisclosed. The collaboration is seen as a significant step in promoting diversity and historical empathy through technology in education.
ImagineAR (CSE: IP, OTCQB: IPNFF) announced Masa Ishimitsu as an Advisor to the CEO, tasked with spearheading marketing and sales initiatives in Japan. Ishimitsu, a former president of various companies in Japan, aims to enhance ImagineAR's presence in the region as the AR market is still developing. His expertise is expected to facilitate dynamic customer engagement at a critical time for market recovery. CEO Alen Paul Silverrstieen highlighted Ishimitsu's track record and the company's plans for aggressive global expansion in 2021.
ImagineAR (CSE: IP, OTCQB: IPNFF) has signed a reseller agreement with Sticky Media, a Montreal-based digital signage manufacturer with 1500 clients. This partnership aims to leverage ImagineAR's augmented reality (AR) technology to enhance consumer engagement amid pandemic challenges. Vincent Bonanno, Sales Director at Sticky Media, highlighted the opportunity to creatively engage consumers during social distancing. CEO Alen Paul Silverrstieen praised Sticky Media's market position to promote AR solutions in retail and media sectors.