ImagineAR ( (TSE:IP) ) has issued an announcement.
ImagineAR’s subsidiary, FameDays, has secured a $10 million contract to develop a 25,000-square-foot immersive entertainment center at a hotel in Niagara Falls, Canada. This project marks the first implementation of ImagineAR’s AR-AI integrated revenue model, aiming to capitalize on Niagara Falls’ significant tourist traffic. The center will feature attractions such as AR racing and VR gaming, with ImagineAR providing ongoing support and receiving annual fees and royalties. This initiative is expected to enhance ImagineAR’s visibility and serve as a blueprint for future expansions in high-traffic global destinations.
More about ImagineAR
ImagineAR is an Augmented Reality company that enables organizations, brands, and businesses to create their own immersive experiences. It focuses on integrating AR and AI technologies to drive scalable and recurring revenue.
YTD Price Performance: 45.65%
Average Trading Volume: 115,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.51M
Learn more about IP stock on TipRanks’ Stock Analysis page.