VR Education (VRE) , the education and enterprise training tech company, on Friday announced that its ENGAGE platform was selected by Facebook for the Oculus Independent Software Vendors programme.
VR Education’s platform will be available via a special portal for Oculus enterprise clients to access and connect with.
The AIM listed firm was one of a few select developers able to provide services using Facebook equipment and receive additional support from Facebook.
Oculus for Business is anticipated for roll-out in early 2020.
David Whelan, CEO of VR Education, said: "It is fantastic to be chosen by Facebook to help accelerate the wider adoption of VR globally. Oculus has an amazing technology platform and ENGAGE is leading the way when it comes to distance learning and remote team collaboration.”
Shares in VR Education rallied 16.67% to 7p after the news
The Oculus Independent Software Vendors programme works with enterprise developers and software companies to engage with Oculus to accelerate customer adoption of VR solutions built for Oculus enterprise products.
Mr. Whelan said: “I see an extremely bright future for this technology with the release of high-end mobile devices, such as the Oculus Quest and the HTC Vive Focus, as well as the release of 5G high speed mobile internet.”
He continued: “To date, adoption of VR/AR has been steady, however with Facebook, HTC, O2, Deutsche Telekom and many others all now working towards the growth of 5G and AR/VR, we believe that will see an acceleration of adoption over the next 18 to 24 months."
Facebook manufactures the Oculus Rift and Quest, market leaders in standalone VR device sales, with Oculus Quest on track to sell over one million units this year.
Mark Zuckerbag, CEO of Facebook said in a Q2 earnings call, "This quarter, we shipped Oculus Quest, our first all-in-one headset with no wires and full freedom of movement. It has gotten great reviews and we're selling them as fast as we can make them. More importantly, we've delivered an experience that people keep using week after week, and buying more content."
The ENGAGE platform is an advanced virtual reality training and education platform that makes it easy to collaborate on tasks remotely, create new content and learn in VR.
VR Education has managed to sign commercial deals in the US, and Korea.
The company also said that it was engaged in negotiations with large multinationals to provide enterprise solutions to their workers and training professionals.
Follow News & Updates from VR Education here: