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Immotion PLC sees 'seismic shift' in revenues as partnerships bear fruit

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott revenues for the six months ending 30 June had risen to £1.3mln from £547,000 in the prior year.

Alongside the interims, Higginson says they've signed deals with three aquariums to install its virtual reality (VR) headsets.

The first agreement's for four headsets at the Dubai Aquarium in the United Arab Emirates - one of the world’s largest suspended aquariums containing over 140 species.

Quick facts: Immotion Group

Price: 1.85 GBX

AIM:IMMO
Market: AIM
Market Cap: £6.02 m
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Full interview: Immotion surpasses its break-even headset target as it signs...

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott they've now inked contracts for over 430 of its virtual reality (VR) headsets after signing deals for 68 of the devices over the past week. The bulk of the new installations are due to occur over the first...

on 21/2/20

2 min read