The Glimpse Group Provides 3D Immersive Enterprise Services To A Leading Global Energy Technology Company
Rhea-AI Summary
The Glimpse Group (NASDAQ:VRAR), a provider of Immersive Technology, Spatial Computing, and AI-driven solutions, has secured a significant contract through its subsidiary Sector 5 Digital (S5D). The agreement, valued in the mid six-figure range, involves providing immersive enterprise services to one of the world's largest energy technology companies.
Positive
- Contract secured in mid six-figure dollar range with major energy technology company
- Strategic expansion into enterprise immersive technology services
Negative
- None.
News Market Reaction
On the day this news was published, VRAR gained 8.43%, reflecting a notable positive market reaction. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $38M at that time. Trading volume was elevated at 2.0x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESS Newswire / September 22, 2025 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Immersive Technology, Spatial Computing and Artificial Intelligence ("AI") driven software and services, announced that its subsidiary company Sector 5 Digital ("S5D") entered into a mid 6-figure dollar contract with one of the world's largest energy technology companies to provide Immersive enterprise services.
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ:VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Immersive Technology, Spatial Computing and AI driven software & services. Glimpse's unique business model builds 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.
Company 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 ACCESS Newswire
FAQ
What type of contract did The Glimpse Group (VRAR) announce in September 2025?
Which subsidiary of The Glimpse Group secured the energy technology company contract?
What services will The Glimpse Group provide under the new contract?
How much is The Glimpse Group's contract with the energy technology company worth?
