ARHT competed in the Internet of Things category winning second place and RMB 100,000 (approx. $20,000 CAD). Holographic Telepresence technology was also showcased to over 40 global venture capital organizations representing significant investable capital.
TORONTO, April 15, 2019 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or the “Company”) (TSXV:ART), the global leader in the development, production and distribution of high-quality hologram content through its patented Holographic Telepresence technology, recently achieved another tremendous milestone for the Company by placing second in the 3rd Annual China (Shenzhen) Innovation & Entrepreneurship International Competition.
"I’m extremely proud of our second-place global finish in the Internet of Things category," stated ARHT Media CEO Larry O’Reilly. “Being able to showcase our tech stack and business model to an illustrious panel of VC judges, representing billions of dollars of investable capital, and having them select us as the second-best innovation and entrepreneurial opportunity globally is an incredible endorsement of our business model.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/91caa526-56ff-4d53-ad1c-8b4524c04e87
The competition held an initial round of 10 overseas sessions in global regions that included Sydney, Toronto, Berlin, Tel Aviv, Tokyo, Stockholm, Madrid, Boston, Silicon Valley and London. The best entries from each division were shortlisted to attend the final round in Shenzen from April 9th to April 12th, 2019.
ARHT was initially shortlisted from over 190 Canadian entries during the Toronto competition held on March 23rd, 2019, and invited to the final rounds alongside over 130 other innovators from around the world. ARHT competed in the Internet of Things (IoT) category winning second place and RMB 100,000 (approx. $20,000 CAD). Over 40 venture capital organizations who participated as judges during the international competition came together to form a venture capital fund pool of RMB25 billion to carry out portfolio investment on outstanding competition projects.
Representing ARHT was Business Development executive Brendan Power who stated, “The finals in Shenzhen were very impressive, showcasing some of the most innovative technologies from major tech hubs around the world. We were thrilled that the judges panel - most of whom were executives at major VCs - selected us as having among the best commercial prospects. The competition served as a great opportunity to meet strategic investors, a number of whom are excited to come see our technology in action at our demo studio in Hong Kong.”
This exceptional accolade comes off the heels of another recent award for the Best Use Of Technology At An Event, which was presented to ARHT during this year's Event Production Awards held in London last month.
About ARHT Media
ARHT Media’s patented holographic telepresence 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 creates 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 displays to deliver rich holographic experiences.
Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit http://www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Press Contact
Salman Amin
samin@arhtmedia.com
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company’s participation in China (Shenzhen) Innovation & Entrepreneurship International Competition; 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 HumaGram™ 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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