Virtual reality (VR)-focused technology company Enter XR has signed a reseller agreement with computer and smartphone maker Lenovo, it announced on Monday.
The AIM trading firm said the agreement will cover the sale and distribution of end-user licenses by Lenovo for its Engage software platform, as well as metaverse production services aimed at Lenovo’s enterprise customers.
Engage XR said it will work with Lenovo on the sales and marketing of its business metaverse, Engage Link.
Lenovo is one of the 14 launch partners, which is creating its own virtual world in the Integrated Connection.
As part of the deal, Engage XR said Lenovo will sell Engage licenses and services through its own distribution and sales channels to customers, targeting businesses looking to enter the metaverse. .
The agreement followed the announcement of Lenovo’s plans to launch a new all-in-one VR headset designed for enterprise customers, the ‘Lenovo ThinkReality VRX’.
Engage XR said the headsets will be available in “select markets” worldwide, starting early next year.
The board said that Engage Link, which was launched earlier in November, was designed as a platform designed for corporations, professionals, educational organizations and event organizers.
Firms can use the metaverse to create their own virtual worlds to provide direct services to customers, and to engage with employees and suppliers.
“Many of Lenovo’s customers, including Fortune 500 companies, are looking to enter the metaverse,” said Engage XR CEO David Whelan.
“This agreement will help establish Engage as a business platform for these organizations.
“We know how well Engage works on all Lenovo devices, including PCs, phones, tablets and the recently released ThinkReality VRX headset, designed for enterprise use.”
Whelan called the agreement a “big deal” for the Engage program.
“Having worked closely with us on the launch of Engage Link, it’s amazing that Lenovo wants to offer us a metaverse solution for their key customers.
“Lenovo’s sales and marketing operations are extremely successful, turning out tens of millions of product units every year worldwide.
“We believe that the combination of our platform, Lenovo’s customer base and its global marketing efforts will deliver tangible results for the group in 2023.”
At 1147 GMT, shares in Engage XR Holdings were up 10.64% at 13p.
Josh White comments for Sharecast.com.