TORONTO and NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT") (TSXV:ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, and WeWork, the leading flexible workspace provider, today announced a new partnership that will integrate ARHT Media’s technology into WeWork’s global events offering. To launch the first phase of this strategic partnership, ARHT’s hologram technology will be rolled out in sixteen locations around the globe by Q3 2021. The partnership will result in implementation across a total of up to 100 WeWork buildings.
The partnership is WeWork’s latest step to integrate emerging technology into its global portfolio of buildings and continue to bolster its flexible event and production space offerings. In select WeWork locations, ARHT Media will host a “Capture Studio” for users to record and stream events where they can appear live on one of three types of displays: HoloPresence™ for in person holographic events, HoloPod™ for in person permanent holographic display, or online as a Virtual Global Stage (VGS)™ presentation – or a combination of all three.
The holographic conferencing technology will provide new optionality for enterprise businesses interested in reducing travel expenses while still having more impactful interactions than traditional streaming and video conferencing offers. From town hall meetings, training and education seminars, and recruitment or sales meetings, ARHT Media’s technology offers users the ability to enhance digital interactions via hologram presentation with no noticeable latency. WeWork members and non-members alike can leverage this technology by booking the space through WeWork’s website.
The partnership with WeWork will dramatically expand ARHT Media’s global network, in addition to providing access to a new audience of over 3,500 enterprise customers through WeWork’s membership base.
“Bringing ARHT Media’s HoloPresence technology to our locations was a natural progression in our ongoing efforts to redefine the future of work. As the world increasingly craves the energy and productivity that in-person interactions deliver, we believe this technology will play a critical role and we are thrilled to be at the forefront of this new offering,” said Hamid Hashemi, WeWork’s Chief Product and Experience Officer.
“WeWork offers the very best venues globally to showcase our technology and many of our existing clients are WeWork members,” shared ARHT CEO Larry O’Reilly, “This large scale adoption of the entire suite of our technologies, including access to content creation from ARHT, is a significant endorsement of the value we bring to our clients.”
WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, we’ve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring spaces, and unmatched community experiences. Today, we’re constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and connected. For more information about WeWork, please visit us at wework.com.
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.
Nicole Sizemore / Julia Sullivan
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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