ImagineAR Provides Shareholders With Corporate Update
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Seventh Company Patent Officially Published
The ImagineAR 7
th US patent, Systems and Methods for Creating and Delivering Augmented Reality Content , US Patent No. 10,997,761 was officially published on May 4, 2021. This patent relates to systems and methods to create portable AR content to be downloaded, rendered, and displayed on a display device in real-time.
Client Updates
SlapItOnAR has launched AR promotional Initiatives with two teams in the Indoor Football League: Minnesota Blizzard and the Arizona Rattlers.
Shopper s Drug Mart, in partnership with
HumanContact Inc., is delivering another interactive and immersive AR training session with their custom white-label mobile app this month.
Approximate Augmented Reality Enterprise, White Label, and SDK contracts
ImagineAR CEO, Alen Paul Silverrstieen said By every KPI, ImagineAR turned in its best calendar year performance ever. Despite the early negative impact to our sales pipeline as a result of COVID-19 shutting down live events, the pendulum swung quickly as sports teams, corporations and entertainers turned to augmented reality to generate new revenue opportunities through our platform s ability to create direct mobile engagement and activations. We are very proud of our performance from both a sales and technology development point of view.
The Company is filing its audited 2020 financials and MD&A for the fiscal year ended August 31, 2020 on SEDAR by the end of this month. Though the Company has executed contracts totaling approximately $775,000 in the calendar year, the value of these contracts will not be fully reflected in the fiscal year financials due to the fact some of the agreements were sig