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Virtualware partners with Octav to introduce VIROO in Morocco

Bilbao, January 19, 2024.- Virtualware (EPA: MLVIR), one of the European leaders in the virtual reality industry, has signed a partnership agreement with Octav to boost VIROO’s presence in Morrocco.

The 1st XR development company in Morroco has officially joined the VIROO Partner Program, marking a strategic collaboration to expand the enterprise VR platform presence in the education and business sectors.

With a portfolio of over 35 XR projects, Octav has been recognized as the most innovative VR game developer of 2023 in Morocco. The company prides itself on serving a broad range of industries, showcasing its extensive reach and adaptability within the dynamic XR development sector.

“Partnering with VIROO opens new horizons for us to offer innovative and effective experiences. With VIROO’s robust capabilities, we are poised to create dynamic, engaging, and interactive training programs across various industries. This collaboration is set to be pivotal for our clients, offering the ability to overcome various challenges and provide limitless training possibilities.” affirms Houssam Eddine Rehhali, Head of Partnerships & Business Development

“We welcome Octav as a new member of VIROO’s partner program.  We are expanding VIROO’s reach and making it more accessible to different markets. This growth reflects our commitment to fostering collaborations that bring innovative solutions to a wider audience” points out Jesus Garrido, Global Sales Manager at Virtualware.

Headquartered in Bilbao, Spain, 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 and since April 2023 the company has been listed on the Euronext Access Paris stock exchange (Ticker: MLVIR).

Virtualware’s flagship product, VIROO, is redefining the realm of enterprise VR, driving its adoption forward, leveraging innovative and sustainable strategies. Recognized for its pioneering approach in the immersive technology sector, VIROO is rapidly becoming the global benchmark for the development and deployment of multi-user VR applications in industry and education.

The VR as a service platform is already used by over 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, Conalep and EAN University. 

This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell exchange, or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities about a specific issue must be made solely and exclusively based on the information set out in the pertinent prospectus filed by the company about such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications.

This document contains or may contain forward-looking statements regarding intentions, expectations, or projections of Virtualware 2007, S.A. (“Virtualware” or the “Company”) or of its management on the date hereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections, or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political, or government guidelines, (2) domestic and international stock market movements, exchange rates, and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected, or forecast in this document or in other past or future documents. Virtualware does not undertake to publicly revise the contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this document. This disclaimer needs to be taken into account by those persons who may take a decision on the basis of this document or elaborate or disseminate opinions based hereof. This document may contain summarised information or information that has not been audited. This document is confidential and it cannot be revealed or disclosed to third parties different from the original recipients, even partially, without Virtualware’s prior consent.

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