TORONTO, Feb. 25, 2022 — ARHT Media Inc. (“ARHT Media” or “ARHT”) [TSXV: ART] [OTCQB: ARHTF], the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, and WeWork [NYSE:WE], a leading flexible workspace provider, today announced an expansion of their strategic partnership to integrate ARHT Media’s technology into WeWork’s global events offering. Building on the first phase of the partnership, ARHT Media’s technology will be available across a total of 30 WeWork locations around the world, almost doubling the initial 16 locations previously announced.
Across select WeWork locations, ARHT Media’s “Capture Studios” enable users to record and stream events where they can appear live on one of three types of displays: the H-Series HoloPresence™ Display for in-person holographic events, the HoloPod™ for in-person permanent holographic display, or online as a Virtual Global Stage™ (VGS™) presentation – or a combination of all three.
The partnership with WeWork will expand ARHT Media’s global network, enabling more enterprises and businesses to leverage innovative technology across WeWork’s extensive global portfolio.
“I am invigorated by the progress and renewed commitment of WeWork to our existing partnership that will see our leading holographic technology implemented throughout the US, Europe, Asia, Australia and Canada,” said Larry O’Reilly, Chief Executive Officer of ARHT Media. “The expansion of the WeWork partnership comes at an opportune time for ARHT Media. In addition to our world-class management and leading technology, with the recent infusion of growth capital, ARHT Media now has the ingredients necessary to support the successful global rollout with WeWork.”
“At WeWork, our focus is always on providing exceptional experiences for our members, driven by leading-edge solutions that fit their changing needs in a hybrid world of work,” said Rebecca Graf, head of Ancillary Revenue at WeWork. “We are thrilled to expand our partnership with ARHT Media and provide innovative hologram technology that enables more impactful virtual connection for employers and employees around the world.”
About ARHT Media
ARHT Media’s patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global Stage™.
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ARHT Media trades under the symbol “ART” on the TSX Venture Exchange.
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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