Glimpse Group announces follow-on technology contracts

The Glimpse Group entered into two follow-on contracts with major organizations. One follow-on contract, via Glimpse subsidiary company Foretell Reality and estimated in the low six figures, is for a logistics-focused VR Simulation and software license with a major NYC hospital, that will be utilized to safely and effectively instruct the hospital’s facilities team on best practices relating to specific hazardous operations. The other follow-on contract, via Glimpse subsidiary company SpearXR and estimated in the high five figures, is for an initial agreement for two webAR experiences with one of the world’s largest consumer packaged goods companies, which is expected to be deployed in commercial environments and accessed by consumers on mobile phones and tablets without a need to download an app, potentially leading to additional webAR experiences and widespread implementation.