XR Immersive Tech Announces PortalX, A VR Kiosk That Can Be Used For Gaming, Healthcare, Retail, Entertainment, Defense & Education - Yahoo Finance

• VR Hardware Kiosk is based connected the unfastened attack of the SynthesisVR software, incorporates the latest adjacent procreation hardware, is attendant little and lone requires a tiny footprint
  

• Access to a immense room of gaming, acquisition and endeavor content

• Multi-player, aggregate gameplay modes, customized video playback, fleet management, online statistics, leaderboard visualizations and power-saving automation

• Working with OEM manufacturers to sub-license the exertion for existing kiosk systems successful the fields of Gaming, Healthcare, Retail, Entertainment, Defense & Education.

VANCOUVER, British Columbia, Dec. 15, 2022 (GLOBE NEWSWIRE) -- XR Immersive Tech Inc. (“Immersive Tech”, oregon the “Company”) (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF), an manufacture person successful Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) contented and experiences, is pleased to denote PORTALX, a caller virtual world (VR) Kiosk powered by wholly-owned subsidiary, SynthesisVR Inc. (“Synthesis VR'').

PORTALX is simply a collaboration betwixt SynthesisVR and Virtuawerks. PORTALX incorporates implicit 20 years of acquisition creating commercialized systems and aims astatine reinventing the classical arcade acquisition for VR. The strategy incorporates the latest adjacent procreation hardware, a modern VR headset, assorted currency and cashless outgo methods and a immense room of content.

Harnessing the powerfulness of the SynthesisVR platform, PORTALX has a modular interface allowing aggregate gameplay modes, customized video playback, fleet management, online statistics, leaderboard visualizations with optional subordinate illustration support, and adjacent power-saving automation. By combining aggregate PORTALX systems a genuinely astonishing multiplayer acquisition tin beryllium delivered. The institution is moving with OEM manufacturers to sub-license the exertion for existing kiosk systems successful the fields of Gaming, Healthcare, Retail, Entertainment, Defense & Education.

“Utilizing the immense room of contented successful gaming, acquisition and endeavor portion moving connected SynthesisVR level gives PORTALX a existent vantage and stands isolated from different kiosks. A VR operation that tin present an attendant little virtual world acquisition successful a multitude of industries and not conscionable for gaming,” says A Shabeer Sinnalebbe, CEO astatine XR Immersive Tech Inc. Sinnalebbe goes connected to say, “This VR Kiosk lone requires a tiny footprint, redeeming you abstraction and budget. The upright kiosk remains a fashionable genre for VR deployment, particularly for venues that privation to dip into the immersive waters but bash not person the abstraction oregon heavy pockets for a larger deployment.”

Features include:

Hardware

• HD Touch Screen

  • A ample screen, immersive crippled experience, showing crippled surface synchronously. Customized advertisement videos besides tin beryllium played connected screen.

• Inside retired Tracking with the Latest VR Headset

  • No Need Base Station for Tracking

  • Easy to set headband

• VR Controllers

  • Lightweight, 6DOF Motion Controllers
    

Content

• Access to a ample contented room done the SynthesisVR platform

  • The games include: Fruit Ninja, Angry Birds, Synth Riders, Pistol Whip, Ragnarock, Propagation VR and more

• Leaderboard

• Multi-player

  • Multiple PortalX systems tin beryllium easy linked unneurotic and connection up to 20 radical successful a multiplayer session
    

Supports Multiple Billing Options

• Coin, Card and NFC/QR code.
  

VR and Augmented Reality (“AR”) is rapidly transforming each facet of people’s lives and businesses including paradigm shifts successful entertainment, retail, manufacturing, healthcare, grooming and acquisition industries. In a caller survey published by PwC it was predicted that the VR/AR manufacture would turn from $148.5B successful 2021 to contributing an estimated $1.5 Trillion to the planetary system by 2030. And Out-of-Home amusement is playing a large portion successful this growth.

Major factors driving the maturation of the Virtual and Augmented world Market are:

• The booming gaming manufacture and accelerated penetration of the net enactment arsenic the cardinal drivers of the VR/AR market.

• The expanding exertion of virtual world and augmented world successful healthcare, retail, entertainment, media, manufacturing, aerospace, defense, and acquisition volition boost the maturation of the VR/AR marketplace during the forecast period.

On behalf of the Board of Directors

A Shabeer Sinnalebbe, Chief Executive Officer
XR Immersive Tech Inc.
https://www.immersivetech.co/

For further accusation astir Immersive Tech, delight contact:

Contact - A Shabeer Sinnalebbe
Email: shabeer@immersivetech.co
Telephone: +1-818-877-6548

CAUTIONARY DISCLAIMERS

This quality merchandise shall not represent an connection to merchantability oregon the solicitation of an connection to bargain immoderate securities successful immoderate jurisdiction. Any securities referred to herein person not been, nor volition they be, registered nether the United States Securities Act of 1933, arsenic amended, and whitethorn not beryllium offered oregon sold successful the United States oregon to a U.S. Person absent registration oregon an applicable exemption from the registration requirements of the United States Securities Act of 1933, arsenic amended, and applicable authorities securities laws.

ABOUT XR IMMERSIVE TECH INC.

Immersive Tech (formerly Fantasy 360 Technologies Inc.) is gathering the industry's premier location-based Metaverse Platform. Since 2016 the Company has been an manufacture person successful Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) amusement attractions. With its Hardware Platform UNCONTAINED and its Software Platform Uncontained/OS and its increasing web of implicit 450 VR operators done SynthesisVR, the Company helps its stakeholders physique idiosyncratic experiences unmatched successful realism, extent and immersion. The Company builds experiences connected its platforms for immoderate of the world's largest companies including: Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, Allegiant Airlines and more.

FORWARD-LOOKING INFORMATION

This quality merchandise contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) wrong the meaning of applicable securities laws. Such forward-looking statements may, without limitation, beryllium preceded by, followed by, oregon see words specified arsenic “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, oregon akin expressions, oregon whitethorn employment specified aboriginal oregon conditional verbs arsenic “may”, “might”, “will”, “could”, “should” oregon “would”, oregon whitethorn different beryllium indicated arsenic forward-looking statements by grammatical construction, phrasing oregon context. All statements different than statements of humanities facts contained successful this quality merchandise are forward-looking statements. Forward-looking accusation successful this quality merchandise includes, without limitation, statements regarding the aboriginal plans and objectives of the Company and SynthesisVR, aboriginal show and aboriginal growth, improvement initiatives, concern prospects, synergies and opportunities of Immersive Tech and SynthesisVR and their related subsidiaries, the Company’s enlargement initiatives and pursuit of M&A activity, and different factors beyond the Company’s control.

Forward-looking accusation is taxable to known and chartless risks, uncertainties and different factors that whitethorn origin the Company's existent results, level of activity, show oregon achievements to beryllium materially antithetic from those expressed oregon implied by specified forward-looking information. Forward-looking accusation is based connected the tenable assumptions, estimates, investigation and opinions of absorption made successful airy of its acquisition and cognition of trends, existent conditions and expected developments, and different factors that absorption believes are applicable and tenable successful the circumstances astatine the day specified statements are made, including, but not constricted to, the Company being capable to capitalize connected the services and concern of SynthesisVR, the easing of world-wide COVID restrictions and effect connected the LBVR industry, the summation successful VR arcades and request for VR amusement and acquisition content, the Company’s and SynthesisVR’s operations and improvement initiatives, and specified different assumptions presented successful the Company’s disclosure record. Although the Company has attempted to place important factors that could origin existent results to disagree materially from those contained successful forward-looking information, determination whitethorn beryllium different factors that origin results not to beryllium arsenic anticipated. There tin beryllium nary assurance that specified accusation volition beryllium to beryllium accurate, arsenic existent results and aboriginal events could disagree materially from those anticipated successful specified information. Accordingly, readers should not spot undue reliance connected forward-looking information. All forward-looking accusation herein is qualified successful its entirety by this cautionary statement, and Immersive Tech disclaims immoderate work to revise oregon update immoderate specified forward-looking accusation oregon to publically denote the effect of immoderate revisions to immoderate of the forward-looking accusation contained herein to bespeak aboriginal results, events oregon developments, but arsenic required by law.

Neither the CSE nor its Regulation Services Provider (as that word is defined successful the policies of the CSE) accepts work for the adequacy oregon accuracy of this release.