01:14:32 EDT Thu 23 Sep 2021
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Victory Square Technologies Inc
Symbol VST
Shares Issued 76,491,818
Close 2021-01-20 C$ 0.67
Recent Sedar Documents

Victory Square's Immersive releases VR-based attraction

2021-01-20 10:11 ET - News Release

Mr. Shafin Diamond Tejani reports

VICTORY SQUARE TECHNOLOGIES PORTFOLIO COMPANY, IMMERSIVE TECH, ANNOUNCES THE CREATION OF WORLD'S FIRST COVID-SAFE LOCATION-BASED ENTERTAINMENT (LBE) VIRTUAL REALITY (VR) DIVISION "UNCONTAINED"

Victory Square Technologies Inc.'s portfolio company, Immersive Tech, has launched a premiere new location-based entertainment (LBE) virtual-reality attractions division named Uncontained to capitalize on the growing demand for COVID-19-safe attractions. Uncontained will be the world's first free-roam interactive VR franchise attraction, built for a COVID-19 world, within shipping containers. The experience will allow for up to six players to roam freely within the container while interacting inside a digital environment as a team while making decisions that help guide and define the story.

Immersive Tech designs, engineers and builds custom, technology-driven experiences, whether they facilitate brand integration or are aiming to create the best real-life adventure possible. The company recently announced the creation of three unique entertainment escape rooms, custom designed and built for Apex Entertainment's new location in Virginia Beach, Va. The three custom room themes include an underwater submarine adventure, a postwar bunker experience, and an artificial-intelligence-controlled warship gone rogue featuring a race against time and a family-friendly focus.

Uncontained leverages the manner of design experience that Immersive Tech has gained and honed over the past four years in creating and launching highly successful interactive escape rooms for family-entertainment centres. This is complemented by a fundamental understanding of shipping containers as highlighted in its recent three-room escape experience for Leaps by Bayer, a Bayer Pharmaceutical company, in 2020.

In this natural evolution, Immersive Tech, through Uncontained, aims to excite and amaze with a truly focused and safe multiplayer experience designed for the uncertainty of our COVID-19-afflicted world. To add to this important facet, Uncontained has been developed for high scalability to assure its appeal for years and years ahead. Launching amidst COVID-19, the company has designed the experience from the ground up to be COVID-19 safe, and exceed all health and safety protocols. This starts with Uncontained being an outdoor attraction designed with surface-disinfecting COVID-19 ultraviolet lights, minimal touch with anti-microbial surfaces, disposable VR headset masks, high air recirculation and air-scrubbing filtration.

The Uncontained experience takes free-roam arcade VR and elevates it to an entirely new level, with a full range of environmental haptic feedback for a truly 5-D experience. This is achieved through dynamic blasts of heat and cold, motion floors, environmental audio, and physical interactions within an Uncontained world.

Immersive Tech chief executive officer Tim Bieber said: "The new Uncontained VR experience is well positioned with technology and clients to 'fill the void' left by 'The Void' location-based VR attractions following its permanent closure in 2020. It's unfortunate that 'The Void' was unable to succeed in finding a sustainable business model and continue to innovate for the LBVR industry."

Uncontained is the next strategic step to bring free-roam hyperimmersive VR experiences to a wider audience, backed further with a scalable franchise business model. Mr. Bieber adds, "We see substantial opportunities for the company through this product offering, which strategically places us on a path to rapid growth in 2021."

By utilizing the shipping container as an efficient platform, it allows for a standardized build, enabling mass production, easy transportation, minimal set-up time on location, and only occupies a maximum of five parking spots for Immersive Tech's family-entertainment-centre operators located in malls, parking facilities, fairgrounds and other public high-traffic areas. With a standard interior, the Uncontained interactive console can be updated with multiple new games per year, which gives operators a fresh attraction for players every time they visit.

Victory Square CEO Shafin Diamond Tejani said: "Immersive Tech is an excellent example of how VST stays ahead of the curve and acquires true diamonds in the rough with an eye for creating value for shareholders. With the AR/VR entertainment industry poised to explode in 2021, we expect guests to be seeking new, exciting and safe attractions that immerse one's senses, and provide unsurpassed memories and fun. The public wants to return to experienced-based attractions in a completely safe environment, and Uncontained brings a solution that exceeds all safety protocols with fun, excitement and memories as their focus. The latest trends in the family-entertainment-centre market show VR attractions are leading the growth in the attraction market/industry worldwide."

About Victory Square Technologies Inc.

Victory Square builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale up and monetization with a solid record of public and private exits.

Victory Square's sweet spot is the cutting-edge tech that is shaping the fourth industrial revolution. Its portfolio consists of 20 global companies using AI, VR/AR (augmented reality) and blockchain to disrupt sectors as diverse as financial technology, insurance, health and gaming.

What Victory Square does differently for start-ups

Victory Square is not just another investor. With real skin in the game, it is committed to ensuring each company in its portfolio succeeds. Its secret sauce starts with selecting start-ups that have real solutions, not just ideas. The company pairs you with senior talent in product, engineering, customer acquisition and more. Then the company lets you do what you do best -- build, innovate and disrupt. In 24 to 36 months, you will scale and be ready to monetize.

What Victory Square do differently for investors

For investors, it offers early-stage access to the next unicorns before they are unicorns. Its portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because the company focuses on market-ready solutions that scale quickly, it is able to provide strong and stable returns while also tapping into emerging global trends with big upsides.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.