VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) — XRApplied Technologies Inc. (“XRA” or, the “Company”) (CSE: XRA) The Company is pleased to announce the signing of MOU to enter into a partnership with Hollywood’s Haibu World children’s entertainment group to support them in all their AR/VR experiences. XRA will co launch a series of AR/VR experiences around the Haibu brand which is expected to launch early 2022. These will include a mobile App offering a daily affirmation, Children’s education AR games and interactive AR experiences with the Haibu books and website. The MOU outlines a revenue share model for online sales and a development partnership for AR/VR experiences. The Company’s hope to complete a definitive agreement before the end of the year. Tara Price, Chief Content Officer of The Haibu World, said: “We are excited to be partnering with XRA to deliver high quality AR functional games and experiences to our expanding customer base. We feel this partnership is vital in our effort to use technology to continue to educate the world on the conservation of wild animals.”
About Haibu World
Haibu’s World, is a technology driven children’s franchise studio, with assets consisting of a series of award-winning books, feature films, animated TV series, multiple children’s adventure zones, merchandise, toys, a live musical, and multiple video games invoking thought and positive change in the world of animal and environmental conservation. The empowerment story of Haibu, is about a little girl with the unique gift to speak to animals. She uses her gift to battle the evil forces that threaten the well being of all wild animals. Haibu is the voice for the voiceless.
About XRApplied Technologies Inc. (XRA)
XRA is an immersive technology solutions provider that specializes in bringing cost-efficient AR/VR e-commerce applications to businesses large and small. We accomplish this through a suite of proprietary products and services (AR catalog, toy gamification, AR App e-commerce, AR/VR interactive games) that we bring to the masses via our exclusive XRA Marketing Platform.
Further information about XRApplied is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.xrapplied.com
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This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any time.