VR Education Holdings - HTC backs ENGAGE with €3m investment

Davy Research
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HTC Corporation’s (HTC) investment in VR Education (VRE) solidifies its conviction in both the ENGAGE product’s capability and management’s competency. The partnership offers enhanced sales and distribution prowess and represents impeccable timing as global working preferences realign. The current exodus from physical to digital has allowed the group to capitalise on several commercial opportunities — its ENGAGE platform has become a standout product. We believe that behaviours and perceptions reshaped by the pandemic will become economic tailwinds within the Virtual Reality (VR) industry and as such reiterate our ‘Outperform’ rating.