Virtual College and VR Education Sign Memorandum of Understanding
Ilkley (UK), July 2020 - VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality (VR) technology company focused on the education and enterprise training space, is pleased to announce that it has signed a memorandum of understanding (MOU) with Virtual College Limited, an industry leading digital learning solutions provider, to provide and deliver technology enhanced learning solutions in the UK and Middle East.
Founded in 1995, Virtual College is one of the UK's leading providers of digital training solutions. Its learning technology team are experts in designing and developing vocational learning solutions - including ready-to-go courses on topics such as safeguarding, health and safety, business compliance, leadership and management, as well as developing bespoke digital and blended training transformation programmes.
To date, Virtual College has supported over 4.2 million registered online learners across both public and private sectors. VR Education's ENGAGE platform is a world-leading education, training, and communications tool used by educators and enterprise clients to provide remote training and distance learning, and, most recently, as a platform to provide global virtual events.
The MOU will enable both teams, on terms to be agreed for each project, to collaborate on digital training projects and programmes that require a multi-media blended approach using some of the latest VR / digital learning technologies and tools. The MOU presents significant commercial opportunities for Virtual College and VR Education, some of which have already been identified in sectors such as healthcare, infrastructure, defence and security. The technology-enhanced learning solutions created under the MOU will be available to customers across the UK, the United Arab Emirates, Saudi Arabia, Kuwait and Qatar.
Commenting on the MOU, David Whelan, CEO of VR Education, said: "Virtual College shares our passion for giving businesses and individuals effective learning solutions. We are delighted to have formed this exciting partnership to enable customers to benefit from a combination of our immersive ENGAGE platform alongside the award-winning content provided by Virtual College and I look forward to updating shareholders on our progress in due course."
Rod Knox, CEO of Virtual College, added: "We have always focused on using new technology to enhance the traditional approach to training, and our work with VR Education to deliver training using virtual reality, really helps accelerate that theme. I am tremendously excited at the prospects for our combined proposition and look forward to progressing our relationship in the years ahead."