ImagineAR Provides Shareholders With 2022 Year End Update And 2023 Outlook As "World Leading Augmented Reality Fan Engagement Platform" - Yahoo Finance

1 year ago 53

, /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" oregon "Company") an Augmented Reality Company that enables sports team, businesses, and organizations to dynamically make mobile telephone AR campaigns without a method background, is pleased to supply investors with its 2022 calendar twelvemonth firm update.

ImagineAR Inc. Logo (CNW Group/ImagineAR Inc.)

The Company has filed its audited 2022 financials and MD&A for the fiscal twelvemonth ended August 31, 2022, connected SEDAR.

2022 HIGHLIGHTS - BIGGEST CLIENT WINS IN COMPANY HISTORY

Despite blackswan events specified arsenic the Ukraine warfare and 40 twelvemonth precocious ostentation challenging adjacent the world's biggest companies - connected some their operational and superior markets fronts - ImagineAR was capable to present its champion ever twelvemonth successful presumption of lawsuit and concern wins.

As an Augmented Reality person that believes seeing is believing, we are blessed to contiguous the pursuing 2022 Company item reel, followed by a written summary:

ImagineAR 2022 Augmented Reality Highlight Video

NFL Baltimore Ravens

The NFL Baltimore Ravens integrated the ImagineAR SDK into their mobile app to present immersive instrumentality experiences this season. Ravens successful Reality has included a virtual title ring, Super Bowl Trophy, and galore Player Holograms including QB superstar Lamar Jackson.

To download and acquisition Ravens successful Reality successful the Baltimore Ravens App, delight click connected these respective links IOS / Android

Yinzcam, the planetary person successful nonrecreational sports mobile apps with implicit 150 clients, integrated the ImagineAR SDK into the Ravens mobile app. Though we person nary definite agreements to study astatine this time, we judge that our occurrence with the Ravens volition supply ImagineAR meaningful opportunities with different nonrecreational sports teams served by Yinzcam successful 2023.

College Football Playoff National Championship Via LEARFIELD / SIDEARM Sports

On January 9, 2023 The College Football Playoff National Championship volition instrumentality spot astatine SoFi Stadium successful Inglewood, California. The CFP National Championship is simply a post-season assemblage shot vessel game, utilized to find a nationalist NCAA Division 1 champion.

Through our caller concern with SIDEARM Sports, College shot fans astir the satellite tin stock successful the solemnisation of the 2023 College Football Playoff (CFP) National Championship by taking photos and videos with the virtual CFP National Championship Trophy - and past instantly sharing them exclusively during the upcoming nationalist title weekends.

SIDEARM is the nation's starring integer supplier for assemblage athletics and trusted by immoderate of the biggest brands successful the industry, including the bulk of NCAA programs and Power Five diversion departments.

As a person successful integer instrumentality engagement, SIDEARM provides the industry-leading bundle and exertion that powers websites, mobile applications, CTV, unrecorded stats, video streaming and much for implicit 1,500 partners.

Jeff Rubin, President and Founder of SIDEARM Sports stated "This concern with ImagineAR is simply a large measurement guardant successful enhancing the instrumentality acquisition portion offering a terrific sponsorship activation accidental for firm partners."

This immersive acquisition was developed connected behalf of College Football Playoff by Learfield/SideARM sports with ImagineAR. To download and acquisition the Virtual Championship Trophy Celebration successful the College Football Playoffs App, click connected the pursuing links: IOS / Android

Jet Media Network - Officially Launches Brazilian Soccer Legend Ronaldinho Mobile App With Integrated Immersive Holograms

With implicit 70,000,000 followers connected Instagram, 55,000,000 followers connected Facebook and 21,000,000 followers connected Twitter, Brazilian shot icon Ronaldinho is wide regarded arsenic 1 of the top players of each time, including 2 FIFA World Player of the Year awards and a Ballon d'Or.

The R10 Lens, developed by Jet Media Network and powered by the exertion of ImagineAR, allows Ronaldinho's fans to entree Augmented Reality filters via the Brazilian star's authoritative app and make shareable videos with their hero.

Jet Media CEO Robin Shelley stated "ImagineAR is recognized arsenic the world-leading AR instrumentality engagement platform. We look guardant to integrating their exertion and leveraging immersive holograms, initially this outpouring successful our archetypal mobile app."

Jet Media Network has announced they person contracted much than 25 icons for 2023 crossed sport, music, entertainment, and gaming, and volition beryllium launching apps built astir their passions, interests and causes.

To download and acquisition the R10 lens successful the Ronaldinho App, click connected the pursuing links IOS / Android

Hip Hop Hall of Fame - 3 Year Partnership

Our three-year concern licensing statement with Hip Hop Hall of Fame Inc. volition supply a Custom Mobile App delivering Immersive AR Experiences. The mobile app volition supply a harmless assemblage abstraction and affable eco-system for Hip Hop fans, artists, celebrities, and influencers to explicit their creativity and acquisition existent beingness and virtual satellite unrecorded events and content. The app is expected to motorboat successful aboriginal 2023.

McCormick Spices - Fortune 500 Meets Augmented Reality

McCormick & Company is simply a planetary person successful flavor. As a Fortune 500 institution with implicit $6 billion successful yearly income crossed 170 countries and territories, McCormick manufactures, markets, and distributes spices, seasoning mixes, condiments and different flavorful products to the full nutrient industry

In solemnisation of the McCormick® Sunshine Seasoning by Tabitha Brown release, Tabitha's fans were capable to navigator 'side by side' with Tabitha successful the comfortableness of their ain room done "Bring Tabitha Home," an augmented world (AR) acquisition this past summer.

This immersive acquisition was developed by ArcTouch utilizing the ImagineAR SDK.

Hype Sports Innovation GVA 3.0
The HYPE GVA 3.0 is simply a large fast-track for immoderate sports tech startup who would similar to research opportunities to tally pilots with the biggest brands successful the Sports Tech industry.

Selected companies volition enactment successful a virtual programme which volition absorption connected accelerating each aspects of their technology.

ImagineAR is actively participating successful this caller accelerator and is awaiting to corroborate imaginable Proof of Concept projects from the participating partners successful aboriginal 2023.

SD Ponferradina – LaLiga Soccer Team

SD Ponferradina is utilizing the ImagineAR mobile app to prosecute fans and sponsors. The squad is launching an AR Scavenger Hunt for RED DEPORTIVA (Club for Sponsoring Companies) successful aboriginal 2023.

2023 OUTLOOK

Our outlook for 2023 begins with this caller and almighty punctuation from Apple CEO Tim Cook who said:

"In the aboriginal radical volition wonderment however we lived without Augmented Reality. We are investing a ton successful that space"

Moreover, according to a survey published successful June 2022 by Statista, determination volition beryllium astir 1.4 cardinal mobile augmented world users worldwide by 2023, up 1 cardinal from with 0.44 cardinal successful 2019. By 2024, determination volition beryllium an estimated 1.73 cardinal mobile AR users worldwide.

As such, fixed the Company's occurrence successful 2022 we are optimistic astir our prospects successful 2023 fixed the level of recently signed and breathtaking partnerships.

Nonetheless 2022 was challenging for the institution fixed planetary macroeconomic factors impacting our superior people verticals including sports, entertainment, and retail. To negociate the concern done this period, ImagineAR has and volition proceed to rapidly alteration expenses portion optimizing for SDK measurement licensing flexibility arsenic our apical priority.

Company President and CEO Alen Paul Silverrstieen stated "The Company invested passim this past twelvemonth to importantly heighten and amended functions successful our SDK planetary level with aggregate caller releases delivered regularly to our planetary clientele.

While the existing situation has drawn our absorption to the near-term, we person ever had to traverse hard periods and cycles connected our mode to fulfilling our ngo arsenic the planetary person successful sports instrumentality engagement utilizing our patented mobile AR platform. With the occurrence of the NFL Baltimore Ravens and College Football Playoffs, ImagineAR is positioned to motion caller clients successful some nonrecreational and assemblage sports this coming year.

Silverrstieen added "Running a choky vessel is par for the people for some ImagineAR and each emerging tech companies that person to equilibrium maturation and their equilibrium expanse connected their mode to afloat commercialization. As such, ImagineAR is pursuing aggregate financing options which volition summation our fiscal spot and resources indispensable to capitalize connected existent and aboriginal opportunities arsenic Augmented Reality enters its wide acceptance phase. While advancement is seldom linear, ImagineAR is committed to further expanding shareholder worth arsenic it continues to aggressively prosecute its concern program and maturation strategy."

This News Release is disposable connected the company's authoritative Verified Discussion Forum On AGORACOM, a moderated societal media level that enables civilized treatment and Q&A betwixt Management and Shareholders.

About ImagineAR
Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed an "AR-as-a-Service" level that enables sports teams and organizations of immoderate size to make and instrumentality their ain AR campaigns with nary programming oregon exertion experience. Every organization, from nonrecreational sports franchises to tiny retailers, tin make interactive AR campaigns that blend the existent and integer worlds utilizing ImagineAR. Customers simply constituent their mobile instrumentality astatine logos, signs, buildings, products, landmarks and much to instantly prosecute with videos, information, advertisements, coupons, 3D holograms and immoderate interactive content, each hosted successful the unreality and managed utilizing a menu-driven portal. Integrated real-time analytics means that each lawsuit enactment is tracked and measured successful real-time. The ImagineAR mobile app is disposable successful the IOS and Android mobile app stores. The level is disposable arsenic a autochthonal mode SDK.

All trademarks of the spot of respective owners.

ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
https://twitter.com/IPtechAR
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https://www.instagram.com/iptechar
https://www.linkedin.com/company/imagination-park-technologies-inc.

The CSE has not reviewed and does not judge work for the adequacy oregon accuracy of this release.
Forward-Looking Information and Statements
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By identifying specified accusation and statements successful this manner, the Company is alerting the scholar that specified accusation and statements are taxable to known and chartless risks, uncertainties and different factors that whitethorn origin the existent results, level of activity, show oregon achievements of the Company to beryllium materially antithetic from those expressed oregon implied by specified accusation and statements. In addition, successful transportation with the forward-looking accusation and forward-looking statements contained successful this property release, the Company has made definite assumptions. Among the cardinal factors that could origin existent results to disagree materially from those projected successful the forward-looking accusation and statements are the following: changes successful wide economic, concern and governmental conditions, including changes successful the fiscal markets; changes successful applicable laws; compliance with extended authorities regulation. Should 1 oregon much of these risks, uncertainties oregon different factors materialize, oregon should assumptions underlying the forward-looking accusation oregon statements beryllium incorrect, existent results whitethorn alteration materially from those described herein arsenic intended, planned, anticipated, believed, estimated oregon expected.

Although the Company believes that the assumptions and factors utilized successful preparing, and the expectations contained in, the forward-looking accusation and statements are reasonable, undue reliance should not beryllium placed connected specified accusation and statements, and nary assurance oregon warrant tin beryllium fixed that specified forward-looking accusation and statements volition beryllium to beryllium accurate, arsenic existent results and aboriginal events could disagree materially from those anticipated successful specified accusation and statements. The forward-looking accusation and forward-looking statements contained successful this property merchandise are made arsenic of the day of this property release, and the Company does not undertake to update immoderate forward-looking accusation and/or forward-looking statements that are contained oregon referenced herein, but successful accordance with applicable securities laws. All consequent written and oral forward- looking accusation and statements attributable to the Company oregon persons acting connected its behalf is expressly qualified successful its entirety by this notice.