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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.
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ImagineAR (CSE: IP, OTCQB: IPNFF) announced a non-binding Memorandum of Understanding with a global digital publishing company for the purchase of 10 to 25 three-year SDK mobile app licenses. Expected revenue from this deal ranges between $200,000 CDN and $414,000 CDN annually for three years. This agreement builds on a successful partnership in 2022, enabling the client to deliver immersive holograms in mobile applications. ImagineAR's AR platform allows various businesses to create interactive campaigns with no programming experience.
ImagineAR (CSE: IP, OTCQB: IPNFF) announced the appointment of Steve Ziff and John Torris as Advisors to the CEO on February 23, 2023. Both executives bring extensive experience in sports marketing and partnerships, aiming to enhance Immersive AR partnerships in North America. Ziff has over 20 years of marketing experience with NFL and MLB teams, while Torris has a strong background in ticket sales and corporate partnerships. CEO Alen Paul Silverrstieen emphasized their expertise will help position ImagineAR as a leader in immersive AR solutions for sports fans and brands.
ImagineAR (CSE: IP, OTCQB: IPNFF) has announced a substantial partnership with HUMANCONTACT Inc., signing an annual SDK platform license agreement to create immersive augmented reality (AR) experiences in their mobile app. This collaboration follows a previous successful partnership for Shoppers Drug Mart in 2020 and marks a significant milestone as ImagineAR's first comprehensive React Native integration. CEO Alen Paul Silverrstieen highlighted the expanded market opportunities for the ImagineAR SDK in 2023, including another integration for the Hungarian Soccer Champion Ferencvárosi Torna Club.
ImagineAR Inc. (CSE: IP, OTCQB: IPNFF) announced its selection by SPORTFIVE Hungary KFT within the Hype Sports Innovation GVA3 Program. This partnership aims to deliver immersive augmented reality (AR) experiences integrated into the Ferencvárosi Torna Club's official mobile app, targeting a debut in Spring 2023. The project's success could lead to a multi-year SDK license agreement. CEO Alen Paul Silverrstieen expressed optimism about expanding global partnerships through this innovative initiative.
Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) released its 2022 year-end update, highlighting record client wins despite global challenges. The company filed its audited financials and reported a focus on enhancing its AR platform. Major partnerships include the NFL Baltimore Ravens and SIDEARM Sports for the College Football Playoff. Future opportunities are anticipated with a projected rise in mobile AR users. CEO Alen Paul Silverrstieen emphasized ongoing efforts to optimize expenses and strengthen the company's financial position for growth in 2023.
ImagineAR Inc. (OTCQB: IPNFF) has partnered with SIDEARM Sports and the College Football Playoff to introduce a virtual CFP National Championship Trophy experience for fans. This innovative augmented reality (AR) feature, available exclusively through the CFBPlayoff mobile app, allows fans to capture and share photos and videos during the championship weekend. The partnership aims to enhance fan engagement during the playoffs, celebrated with semifinal games on December 31, 2022, and the championship on January 9, 2023, at SoFi Stadium in Inglewood, California.