Bilbao, October 3, 2023. - Spanish Virtual Reality company Virtualware (MLVIR.PA), a European leader in the virtual reality space, has signed a seven-figure, multi-year agreement with a leading U.S.-based energy company.
This contract will allow Virtualware's team to continue providing cutting-edge training services for the energy industry.
With this contract, valid for five years, and renewable, the industrial corporation will continue to leverage their training processes through Virtualware's VR as a Service Platform VIROO.
Virtualware's flagship product VIROO is the world's pioneering VR as a Service (VRaaS) platform, makes Virtual Reality accessible to companies and institutions of all sizes and sectors. It is an all-in-one digital solution that enables the development and deployment of multi-user Virtual Reality applications remotely.
VIROO is already used by more than 40 companies and institutions worldwide including GE Hitachi Nuclear Energy, Ontario Power Generation, Gestamp, ADIF, the Spanish Ministry of Defense, Invest WindsorEssex, McMaster University, University of El Salvador and EAN University. The enterprise VR platform has been the backbone to develop strategic projects for defense ministries, critical infrastructure training projects, and innovative educational programs.
Virtualware is a global pioneer in developing Virtual Reality solutions for major industrial, educational, and healthcare conglomerates. Since its founding in 2004, the company has garnered widespread recognition for its accomplishments.
In 2021, Virtualware was acknowledged as the world's most Innovative VR Company.
It is based in Bilbao, Spain, and has offices in Hamilton, Ontario, Canada.
The company went public on Euronext Access Paris on April 2023, where its stock currently trades at 8,50 euros a share.
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