TORONTO, April 20, 2021 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or "the Company") (TSXV:ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, is pleased to announce that in Q1 2021 it installed it’s HoloPod™ and HoloPresence™ Display technology, as well as Capture Studio Kits with two military organizations in three separate countries with a value over $450,000. The primary uses of the technology will be for military training and education. In one case these permanent installations are a pilot program that has the potential to be rolled out to many additional countries.
“Education and training are two very strong use cases of ARHT’s technology suite," stated ARHT CEO Larry O’Reilly, “and if this initial pilot program delivers on the client’s expectations, then it could possibly lead to the build out of a very large network within the organization. The program is expected to save the organization hundreds of thousands of dollars annually by reducing the need for air travel.”
In April, ARHT Media engaged with retired NATO technology expert, Sean Midwood, to advise the company in its sales and marketing strategy with military organizations globally. Mr. Midwood, holds a Masters of Electrical Engineering Degree from the United States Naval Post Graduate School and prior to retirement was the Chief of Staff to the Director of Service Strategy (formerly Chief Technology Officer) at NATO’s C&I Agency (formerly C3 Agency) in the Netherlands following a distinguished career with the Royal Canadian Navy.
“I could only dream of being able to deploy a capability like ARHT Media’s, when I was in the military and with NATO, that had the ability to deliver meaningful enriched communication without having to travel. This would be a key asset and force multiplier for any military organization today,” commented Sean Midwood. “I am looking forward to strategically advising the entire ARHT team to help showcase this revolutionary technology for a number of military and whole of government applications.”
About ARHT Media
ARHT Media's patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global StageTM.
ARHT Media trades under the symbol "ART" on the Toronto Venture Stock Exchange.
KCSA Strategic Communications
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company's sales funnel; the Company's technology; the potential uses for the Company's technology; the future planned events using the Company's technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company's technology; and interest from parties in ARHT's products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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