Virtualware to join PICO at Augmented Enterprise Summit to provide valuable VR experiences

Bilbao, Spain, October 19 2023.- Virtualware (EPA: MLVIR), a European leader in virtual reality, and PICO, the VR headset company, are joining forces at the Augmented Enterprise Summit (AES) to provide valuable VR experiences for the enterprise.

AES is the largest, longest-running, and most comprehensive event dedicated to the business and industrial applications of AR/VR/MR (XR) and metaverse-related emerging technologies, taking place October 24-26 in Houston, Texas.

Virtualware will be showing off the latest updates on its VR product VIROO®; the world’s pioneering VR as a Service (VRaaS) platform, that makes Virtual Reality accessible to companies and institutions of all sizes and sectors. It is an all-in-one digital solution that enables the development and deployment of multi-user Virtual Reality applications remotely.

One of the latest capabilities available on VIROO 2.4, provides full compatibility with PICO 4 Enterprise, the next-generation and all-in-one VR headset released in December 2022, helping enterprise customers to unlock potential and empower growth across key business areas including healthcare, education, training, and productivity.

The PICO 4 Enterprise brings next-generation features for businesses, enhancing comfort and performance while introducing groundbreaking features like precise face, eye, and hand tracking.

As a global partner of the multinational VR headset manufacturer PICO, Virtualware will showcase the seamless integration and powerful synergy between a cutting-edge VR platform, VIROO, and the enterprise-focused headset, PICO 4 at one of the leading events for all things XR in the enterprise, AES.

SAFE HARBOR

This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications.

This document contains or may contain forward looking statements regarding intentions, expectations or projections of Virtualware 2007, S.A. ("Virtualware” or the "Company”) or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. Virtualware does not undertake to publicly revise the contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this document. This disclaimer needs to be taken into account by those persons which may take a decision over the base of this document or to elaborate or disseminate opinions based hereof. This document may contain summarised information or information that has not been audited. This document is confidential and it cannot be revealed or disclosed to third parties different from the original recipients, even partially, without Virtualware’s prior consent.