Immotion Group (IMMO.L) 7.35p £23.9m
The UK-based immersive virtual reality ("VR") 'Out of Home' entertainment group, has in the past week, signed contracts for 68 headsets (at 11 sites), including the Company's first outdoor enclosure of 8 headsets at Roger Williams Zoo in Rhode Island, USA.
The additional 68 contracted headsets (plus others already contracted but yet to be installed, including Mandalay Bay) will, once installed, take the total number of headsets in operation to 432; of which 314 will be in Partner locations, with 118 now operated in the Company's own ImmotionVR locations.
It is currently expected that the bulk of the new installations (including Mandalay Bay) will occur through Q1 2020. All of these can be fulfilled from current stock. #IMMO