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Virtualware (EPA:MLVIR) Announces record-breaking First-Half 2023 Results: VR SaaS Business Line Records Steady 208% Growth

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Tuesday, July 18, 2023
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BILBAO, Spain, July 18, 2023 (GLOBE NEWSWIRE) -- Virtualware (EPA:MLVIR), a pioneering VR company employing a SaaS business model, today announced record-breaking H1 2023 financial results, just three months after it went public in Euronext Access Paris.

Key Points: 
  • BILBAO, Spain, July 18, 2023 (GLOBE NEWSWIRE) -- Virtualware (EPA:MLVIR), a pioneering VR company employing a SaaS business model, today announced record-breaking H1 2023 financial results, just three months after it went public in Euronext Access Paris.
  • In H1 2023, Virtualware reported total revenues of €2.149 million, indicating a 44.71% growth over the previous year.
  • Most of this growth was fueled by subscription plan revenues accounting for €630,000, which show a substantial year-on-year increase of 208.23%.
  • Headquartered in Bilbao, Spain, Virtualware is a global pioneer in developing virtual reality solutions for major industrial, educational, and healthcare conglomerates.

Two Vocational Training Centres in Granollers and Bilbao innovate in Education by betting on Virtual Reality

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Thursday, June 15, 2023
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GRANOLLERS and BILBAO, Spain, June 15, 2023 (GLOBE NEWSWIRE) -- The CIFP Txurdinaga LHII and the IES Carles Vallbona, reference centres for vocational training in Bilbao and Granollers respectively, have announced a strategic commitment to promote innovation through Virtual Reality (VR) in their educational processes.

Key Points: 
  • GRANOLLERS and BILBAO, Spain, June 15, 2023 (GLOBE NEWSWIRE) -- The CIFP Txurdinaga LHII and the IES Carles Vallbona, reference centres for vocational training in Bilbao and Granollers respectively, have announced a strategic commitment to promote innovation through Virtual Reality (VR) in their educational processes.
  • As a result of this collaboration, the installation and commissioning of the first two wireless Virtual Reality Rooms will allow virtual reality learning resources and activities to be deployed on a full-scale, and also remotely.
  • Another aspect of the technology is the ability to create and deploy learning resources and activities in virtual reality autonomously.
  • Its innovative Virtual Reality as a Service (VRaaS) platform, VIROO, is aimed at making virtual reality accessible to businesses of all sizes and sectors.

Virtualware's VIROO set to support Mixed Reality capabilities upon its new release

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Tuesday, June 13, 2023
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BILBAO, Spain, June 13, 2023 (GLOBE NEWSWIRE) -- Spanish listed company Virtualware (EPA:MLVIR), a global leader in immersive technology solutions, today announced its readiness to support mixed reality (MR) capabilities on its VIROO 2.4 release coming in July.

Key Points: 
  • BILBAO, Spain, June 13, 2023 (GLOBE NEWSWIRE) -- Spanish listed company Virtualware (EPA:MLVIR), a global leader in immersive technology solutions, today announced its readiness to support mixed reality (MR) capabilities on its VIROO 2.4 release coming in July.
  • “With VIROO's unique capabilities, we can facilitate multi-user sessions that incorporate both VR and AR/MR devices.
  • Its innovative VRaaS platform, VIROO, is aimed at making virtual reality accessible to businesses of all sizes and sectors.
  • It started trading at Euronext Paris last April, with a market valuation over 27 million euros.

Virtualware partners with Intuita to introduce VIROO in South Korea

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Thursday, May 4, 2023
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BILBAO, Spain, May 04, 2023 (GLOBE NEWSWIRE) -- Spanish technology company Virtualware (EPA:MLVIR), one of the European leaders in the virtual reality industry, has inked a partnership agreement with Intuita to further introduce VIROO in South Korea.

Key Points: 
  • BILBAO, Spain, May 04, 2023 (GLOBE NEWSWIRE) -- Spanish technology company Virtualware (EPA:MLVIR), one of the European leaders in the virtual reality industry, has inked a partnership agreement with Intuita to further introduce VIROO in South Korea.
  • VIROO was a key focus for participants during a seminar for firefighters and safety professionals organized by Intuita in Daegu, South Korea, on 30 September 2022.
  • The aim of the seminar was to introduce technology trends in firefighting and safety, in particular how to build practical VR training environments.
  • “With multiple industries in Korea looking to use simulation technologies and VR/AR/MR solutions, the interest in these technologies is very high,” commented Sogu Yang, Managing Director of Intuita.

Invest WindsorEssex partners with Virtualware to accelerate VR CAVE capabilities for the automobility sector

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Thursday, April 27, 2023
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Today’s announced partnership between Invest WindsorEssex and Virtualware further supports innovation in Canada’s automobility ecosystem through the expansion of IWE’s VR CAVE capabilities and the programming available to companies through the WE RTDS.

Key Points: 
  • Today’s announced partnership between Invest WindsorEssex and Virtualware further supports innovation in Canada’s automobility ecosystem through the expansion of IWE’s VR CAVE capabilities and the programming available to companies through the WE RTDS.
  • The IWE VR CAVE will now include a unique integration with VIROO, the pioneering VR as a Service (VRaaS) platform developed by Virtualware.
  • The three-year partnership between IWE and Virtualware will leverage each organization’s strengths and accelerate the adoption of VR in Ontario-based SMEs.
  • “Our partnership with Invest WindsorEssex, Canada’s mobility innovative cluster, will accelerate VR adoption across the automotive industry, creating valuable opportunities and building the most powerful enterprise VR ecosystem in the country," Unai Extremo, CEO, Virtualware.

Virtual reality company Virtualware goes public on Euronext Paris

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Thursday, April 20, 2023
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The shares of the company, founded in 2004, which today develops virtual reality solutions for major industrial, educational and healthcare conglomerates, will now be listed on the Access segment of Euronext Paris.

Key Points: 
  • The shares of the company, founded in 2004, which today develops virtual reality solutions for major industrial, educational and healthcare conglomerates, will now be listed on the Access segment of Euronext Paris.
  • Representing Euronext was Pablo Pérez-Orive, listing manager for Euronext in Spain.
  • Euronext is the pan-European stock exchange that groups together the stock exchanges of Paris, Amsterdam, Brussels, Oslo, Milan and Dublin.
  • VIROO aims to become the standard for developing industrial and educational Virtual Reality applications worldwide.

Virtualware will start trading in Paris on Thursday, at 27.25 million valuation

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Tuesday, April 18, 2023
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BILBAO, Spain and PARIS, April 18, 2023 (GLOBE NEWSWIRE) -- Virtualware , which develops industrial virtual reality platforms for the nuclear, medical, educational and defense industries, will be listed on Euronext Access Paris next Thursday, April 20, at a valuation of 27.25 million euros.

Key Points: 
  • BILBAO, Spain and PARIS, April 18, 2023 (GLOBE NEWSWIRE) -- Virtualware , which develops industrial virtual reality platforms for the nuclear, medical, educational and defense industries, will be listed on Euronext Access Paris next Thursday, April 20, at a valuation of 27.25 million euros.
  • In total, the company will make a total of 4.542 million shares available to the market, at a price of six euros per share, and under the ticker MLVIR.
  • The bell-ringing ceremony will take place at the Euronext building in La Defense in Paris on Thursday morning at 9.00 a.m CET.
  • Euronext is the pan-European stock exchange that groups together the stock exchanges of Paris, Amsterdam, Brussels, Oslo, Milan and Dublin.

Virtualware inks a €1.16M Multi-Year Agreement in Central America to introduce its VIROO platform in local universities

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Tuesday, April 11, 2023
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Corporación Digital, a member of VIROO’s Partner Program, has been dedicated to the development of innovation projects in the area of ICT and Audiovisual in Central America for more than two decades.

Key Points: 
  • Corporación Digital, a member of VIROO’s Partner Program, has been dedicated to the development of innovation projects in the area of ICT and Audiovisual in Central America for more than two decades.
  • "We are thrilled to bring our VIROO platform to the University of El Salvador and help improve the way people teach and learn.
  • Virtualware’s flagship product VIROO, the world's pioneering VR as a Service (VRaaS) platform, makes Virtual Reality accessible to companies and institutions of all sizes and sectors.
  • Euronext is the pan-European stock exchange that groups together the stock exchanges of Paris, Amsterdam, Brussels, Oslo, Milan, and Dublin.

Virtual Reality company Virtualware to start trading in Euronext Paris on April 20

Retrieved on: 
Monday, April 3, 2023
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BILBAO, Spain and PARIS, April 03, 2023 (GLOBE NEWSWIRE) -- European company Virtualware, one of the European leaders in the Virtual Reality industry, will start trading on Euronext Paris on April 20.

Key Points: 
  • BILBAO, Spain and PARIS, April 03, 2023 (GLOBE NEWSWIRE) -- European company Virtualware, one of the European leaders in the Virtual Reality industry, will start trading on Euronext Paris on April 20.
  • The listing will take place in the Access segment and follows a year and a half of preparation.
  • Euronext is the pan-European stock exchange that groups together the stock exchanges of Paris, Amsterdam, Brussels, Oslo, Milan, and Dublin.
  • Virtualware is one of the pioneering corporations in the European Virtual Reality industry.

Virtualware announces 14% increase in sales and 430% increase in EBITDA

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Wednesday, February 22, 2023
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BILBAO, Spain, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Sales of Spanish virtual reality company, Virtualware, grew significantly by 14% during 2022 compared to the previous year, reaching €3.219 million.

Key Points: 
  • BILBAO, Spain, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Sales of Spanish virtual reality company, Virtualware, grew significantly by 14% during 2022 compared to the previous year, reaching €3.219 million.
  • Similarly, the company achieved a 430% increase in EBITDA, reaching €327,300, up from a loss of €99,000 in 2021.
  • During 2022, the value of its intellectual property grew by almost 30% to 1.36 million, driven by the company's decision to invest in VIROO.
  • The company's financial debt stood at €1.65 million, down thirty percent from the €2.362 million recorded in 2021.