Immersive Health Group (IHG) Announces Integration of inciteVR’s Technology and Intellectual Property to Advance Its Immersive Healthcare Capabilities

Allocation of technical and industry hires significantly expands Immersive Health Group’s technical capabilities in clinical and nurse training areas

NEW YORK, NY / ACCESSWIRE / November 28, 2022 / Glimpse Group, Inc. (“Glimpse”) (NASDAQ: VRAR) (FSE: 9DR), a diversified virtual reality (“VR”) and augmented reality (“AR”) platform company, offers: Enterprise-focused VR and AR software and services solutions, today announced that its wholly-owned VR clinical training solutions subsidiary – Immersive Health Group, LLC (“IHG”) – has entered into a technology and intellectual property transfer agreement with InciteVR, InciteVR is an award-winning immersive learning company that creates immersive learning experiences (ILX) and professional training for higher education, primarily in clinical and nursing care.

inciteVR’s (www.incitevr.com) provides immersive learning experience solutions that deliver and leverage artificial intelligence (AI), game-based learning and an extensive proprietary library of learning 3D assets in VR for depth and persistence study. Since 2016, inciteVR serves undergraduate and graduate nursing education, paramedical education, and professional clinical training, and has trained more than 95,000 learners in approximately 2,000 courses and completed more than 1,000,000 sessions of immersive game learning or embedding in leading education Simulation of institutional courses.

https://player.vimeo.com/video/775168218

The transfer of inciteVR’s intellectual property and technology consists of a one-time, notional issue of Glimpse common stock (@ $7.00/share). Meanwhile, the entire inciteVR team has signed an employment agreement with Glimpse and will join the IHG team.

inciteVR co-founder and CEO Jim Kiggens will serve as IHG’s chief product officer. gentlemen. With 30 years of experience producing and developing game-based learning and simulations for higher education, K12 and corporate training, Kiggens will add significant immersive technology industry knowledge.

gentlemen. Kiggens commented: “Since the inception of inciteVR, we have rooted our approach in research to validate that students acquire skills faster, more accurately and retain them for longer through immersive learning experiences. In Glimpse, inciteVR’s technology can further extend the scope and functionality of it and IHG’s clinical and nursing immersion and skills labs.”

Dov Hirsch, Managing Director of IHG, commented: “The team at inciteVR is a natural fit, bringing decades of experience in immersive clinical training to IHG. They put the user at the center immersive clinic The platform is the culmination of extensive experience building online higher education solutions, uniquely designed and developed to address the global care shortage that continues to impact academic institutions, faculty, health systems and patient populations. We welcome Jim and the inciteVR team and look forward to working together to drive accelerated growth in immersive healthcare. “

About Immersive Health Group, Inc.

IHG is a digital health company leveraging leading VR/AR technologies to increase access to care, optimize care delivery, and educate and train clinicians, practitioners and patients. For more information on Immersive Health Group, visit www.immersivehealthgroup.com; for more information on inciteVR, visit www.incitevr.com.

Glimpse Group, Inc.

The Glimpse Group (NASDAQ: VRAR, FSE: 9DR) is a diversified virtual reality and augmented reality platform company consisting of several VR and AR software and services companies, aiming to cultivate talents in the emerging VR/AR industry. company. Glimpse’s unique business model simplifies the challenges facing VR/AR companies and creates a robust ecosystem, while providing investors with the opportunity to invest directly in the emerging VR/AR industry through a diverse platform. For more information on The Glimpse Group, visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of any entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this news release are based on information available to us as of the date of this news release. Due to the risks and uncertainties associated with our business, our actual results may differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements include statements about our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “expects,” “believes,” “believes,” “may,” “estimates,” “anticipates” , “intends”, “may”, “should” and “will” or similar words. All projections provided by management in this press release are based on currently available information, and management anticipates that internal projections and expectations may change over time. In addition, these projections are based solely on management’s best estimate of our future financial performance based on our current contracts, opportunities in our current backlog, and conversations with new and existing customers regarding our products and services. We undertake no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

IHG Contact

Dov HirschGeneral Manager
Immersive Wellness Group LLC
[email protected]

Quick Facts Contact:

Maydan Rosebloom
Chief Financial Officer and Chief Operating Officer
Glimpse Group, Inc.
917-292-2685
[email protected]

Investor Relations:

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

resource: Glimpse Group, Inc.

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