VR Education (VRE) on Wednesday announced its ENGAGE platform was selected as one of a handful of titles to be a launch application for a new 5G VR head mounted display.
The display is currently being developed in partnership with Deutsche Telekom, Qualcomm Technologies Inc. and XRSPACE, due for launch in mid 2020.
The display will be distributed exclusively through global telecom operators and initially be powered by a Qualcomm Snapdragon Mobile VR Platform for communication, education, shopping and entertainment content.
David Whelan, CEO of VR Education, said: "VR and AR technology (XR) up to now has only appealed to very large corporations for training and the hardcore video game community.”
“5G deployment is about to change this mindset allowing for more immersive experiences, faster streaming services and smaller end user devices making a currently niche product appeal to a mass market.”
Shares in VR Education were trading 3.13% higher at 8.25p on Wednesday morning
Mr. Whelan added: “This new 5G VR device is certainly much smaller and lighter than what we have seen in the past from other manufacturers and we are definitely in touching distance of where XR headsets will actually have the same form as standard glasses.”
VR Education said the new display is to “deliver a significant boost” to the VR ecosystem through its low latency attributes, as well as its lighter and less bulky design.
Instead of moving a cursor across a grid of icons to open applications, the device will offer an interface where users are represented as a real-life looking avatar and navigate the virtual world.
Mr. Whelan said: "Having a leading telecom company such as Deutsche Telekom push forward with an XR offering for their new 5G customers is a welcome development and ENGAGE being part of this push on the corporate training and education side is very exciting."
Deutsche Telekom, which operates the T-Mobile brand, has about 7 million mobile customers in Germany, and 44 million around the globe.
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