The Glimpse Group Issued Its eighth Digital and Augmented Actuality U.S. Patent

Glimpse, by way of its Subsidiary Firm Publish Actuality, Issued a New U.S. Patent For The Marker-Primarily based Positioning of Simulated Actuality

NEW YORK, NY / ACCESSWIRE / June 27, 2022 /The Glimpse Group, Inc. (“Glimpse”) (NASDAQ:VRAR)(FSE:9DR), a diversified Digital Actuality (“VR”) and Augmented Actuality (“AR”) platform firm offering enterprise-focused VR and AR software program and providers options, at this time introduced that its wholly owned subsidiary firm, KreatAR, LLC (dba Publish Actuality), was issued U.S. Patent quantity 11380011 (“Patent”) efficient July 5, 2022, for Marker-Primarily based Positioning of Simulated Actuality.

Publish Actuality (www.postreality.io) is a supplier of enterprise AR presentation software program, enabling customers and organizations to successfully create, edit, and deploy customized and specialised AR experiences and shows. That is Publish Actuality’s third patent.

The Patent pertains to a system for presenting a simulated actuality relative to a person’s place. The system features a digicam, a processor (each usually a cell phone or pill) and a non-transitory reminiscence containing pc readable directions (i.e. “markers”). The interplay between these components precisely determines the place of the person in a sure location, permitting for related content material to be delivered to the person relative to the place they’re at any given cut-off date.

Liron Lerman, Founder, Chief Know-how Officer and Chief Product Officer of Publish Actuality and the Patent’s inventor stated, “the flexibility for companies to precisely pinpoint the place a buyer is and to ship particular and related content material to that buyer in actual time is a key use case regarding this patent. Think about a buyer in a big retail retailer – as that buyer strikes from one part to a different, the system can decide that buyer’s actual location within the retailer and their gaze course, and current location particular content material, corresponding to an AR expertise (for instance, the expertise proven to the shopper within the wine part, can be completely different than the one proven within the toy part).”

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Lyron Bentovim, President & CEO of Glimpse commented, “The potential business implications of this Patent are clear and important. As with our prior patents, we view it as an enabling VR and AR infrastructure patent. To this point, Glimpse has filed 14 patent functions within the U.S. and has been issued 8 thus far. As well as, when our transaction with Brightline closes, we count on so as to add 2 patents to our portfolio for 10 patents in complete. We proceed to construct crucial scale in our revenues, capabilities, operations and IP portfolio as we strengthen our place as one of many main impartial gamers within the rising software program and providers immersive trade.”

About Publish Actuality

Publish Actuality is an Augmented Actuality options supplier enabling customers and organizations to successfully create, edit, and deploy customized and specialised AR experiences and shows. Providing a complete, intuitive suite of AR design instruments in addition to bespoke AR white-label experiences, Publish Actuality is breaking new floor in AR performance within the EdTech, educational presentation, {and professional} convention areas. For extra data on Publish Actuality, please go to www.postreality.io.

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ:VRAR) is a diversified Digital and Augmented Actuality platform firm, comprised of a number of VR and AR software program & providers corporations, and designed with the particular function

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of cultivating corporations within the rising VR/AR trade. Glimpse’s distinctive enterprise mannequin simplifies challenges confronted by VR/AR corporations and creates a sturdy ecosystem, whereas concurrently offering buyers a chance to take a position instantly into the rising VR/AR trade by way of a diversified platform. For extra data on The Glimpse Group, please go to www.theglimpsegroup.com

Protected Harbor Assertion

This press launch doesn’t represent a proposal to promote or a solicitation of provides to purchase any securities of any entity. This press launch incorporates sure forward-looking statements based mostly on our present expectations, forecasts and assumptions that contain dangers and uncertainties. Ahead-looking statements on this launch are based mostly on data accessible to us as of the date hereof. Our precise outcomes could differ materially from these acknowledged or implied in such forward-looking statements, attributable to dangers and uncertainties related to our enterprise. Ahead-looking statements embody statements relating to our expectations, beliefs, intentions or methods relating to the long run and might be recognized by forward-looking phrases corresponding to “anticipate,” “imagine,”, “view,” “may,” “estimate,” “count on,” “intend,” “could,” “ought to,” and “would” or comparable phrases. All forecasts are offered by administration on this launch are based mostly on data accessible at the moment and administration expects that inside projections and expectations could change over time. As well as, the forecasts are completely on administration’s finest estimate of our future monetary efficiency given our present contracts, present backlog of alternatives and conversations with new and current clients about our services and products. We assume no obligation to replace the data included on this press launch, whether or not because of new data, future occasions or in any other case.

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The Glimpse Group, Inc., Monday, June 27, 2022, Press release picture

The Glimpse Group, Inc., Monday, June 27, 2022, Press launch image

Glimpse Contact:

Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
917-292-2685
[email protected]

Investor Relations:

Mark Schwalenberg, CFA
Director
MZ Group – North America
312-261-6430
[email protected]
www.mzgroup.us

SOURCE: The Glimpse Group, Inc.

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