- Joined
- 27 June 2010
- Posts
- 4,154
- Reactions
- 313
XRG - xReality Group
- Thread starter System
- Start date
- Joined
- 27 June 2010
- Posts
- 4,154
- Reactions
- 313
On December 9th, 2021, Indoor Skydive Australia Group Limited (IDZ) changed its name and ASX code to xReality Group Limited (XRG).
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,204
- Reactions
- 20,635
Starting off at a list price of 20c, the then Indoor Skydiving IDZ made it to around 70c by early 2014 but it had been a slow decline ever since. From 2019 until recently, the SP had traveled along under 5c and the Covid lockdowns might well have been the end.
Subordinated debt was successfully renegotiated by August to keep it on life support. This change allowed the company to drive its current operations and to expand its consumer Virtual Reality business, FREAK Entertainment.
In August 2021, the company announced the acquisition of Red Cartel, virtual reality production studio and content developers. Completion of the acquisition occurred on 24 August 2021. The value in the acquisition included a wholly owned military training prototype which is currently being developed into a minimum viable product to be trialled by local and international defence forces later this year.
On the 18th of August the company announced the launch of its new business unit, Operator Tactical Solutions. Operator builds training and simulation products for global defence and law enforcement agencies, using Virtual Reality and Augmented Reality technologies.
Operator was created to solve the problem of integrating training with technology, increasing soldier’s performance and complementing existing training systems. Operator, a wholly owned subsidiary of ISA Group, has been established to capture Defence and related projects within the company.
Having solidified the strategy for growth and diversification, the company will continue to execute through the rollout of consumer Virtual Reality centres. The pathway for future sites has been established and the company will assess each site with diligence considering current economic environments and external factors brought on by the pandemic.
Subordinated debt was successfully renegotiated by August to keep it on life support. This change allowed the company to drive its current operations and to expand its consumer Virtual Reality business, FREAK Entertainment.
In August 2021, the company announced the acquisition of Red Cartel, virtual reality production studio and content developers. Completion of the acquisition occurred on 24 August 2021. The value in the acquisition included a wholly owned military training prototype which is currently being developed into a minimum viable product to be trialled by local and international defence forces later this year.
On the 18th of August the company announced the launch of its new business unit, Operator Tactical Solutions. Operator builds training and simulation products for global defence and law enforcement agencies, using Virtual Reality and Augmented Reality technologies.
Operator was created to solve the problem of integrating training with technology, increasing soldier’s performance and complementing existing training systems. Operator, a wholly owned subsidiary of ISA Group, has been established to capture Defence and related projects within the company.
Having solidified the strategy for growth and diversification, the company will continue to execute through the rollout of consumer Virtual Reality centres. The pathway for future sites has been established and the company will assess each site with diligence considering current economic environments and external factors brought on by the pandemic.
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,204
- Reactions
- 20,635
XRG has tilted towards where the need is !
xReality Group Limited are leaders in enterprise software development for mission critical simulations for military and law enforcement. The company develops and operates physical and digital simulations. Portfolio companies include Indoor Skydiving facilities, Virtual Reality (VR) and Augmented Reality (AR) entertainment, training, and production.
Wholly-owned defence subsidiary Operator Tactical Solutions provides Military and Law Enforcement agencies with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure and highly immersive. See https://www.operatorsimulation.com/
and now, Operator has teamed with DroneShield Ltd (ASX
RO) to provide eXtended Reality based counterdrone/C-UAS (Counter Unmanned Aircraft Systems) training solutions for front line defenders.
The C-UAS market is currently valued at over $1BN USD rapidly growing at a CAGR of 27% to reach $3.8BN USD by 2027.
xReality Group Limited are leaders in enterprise software development for mission critical simulations for military and law enforcement. The company develops and operates physical and digital simulations. Portfolio companies include Indoor Skydiving facilities, Virtual Reality (VR) and Augmented Reality (AR) entertainment, training, and production.
Wholly-owned defence subsidiary Operator Tactical Solutions provides Military and Law Enforcement agencies with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure and highly immersive. See https://www.operatorsimulation.com/
and now, Operator has teamed with DroneShield Ltd (ASX
RO) to provide eXtended Reality based counterdrone/C-UAS (Counter Unmanned Aircraft Systems) training solutions for front line defenders. The C-UAS market is currently valued at over $1BN USD rapidly growing at a CAGR of 27% to reach $3.8BN USD by 2027.
- Joined
- 21 August 2008
- Posts
- 2,791
- Reactions
- 8,561
I'm picking XRG for the June Tipping Comp.
A little interest in this stock late last year where the price nearly got to 8 cents, it just might be on it's way again there again with a bit of luck. It's out performing the XAO over the last 4 days.
A little interest in this stock late last year where the price nearly got to 8 cents, it just might be on it's way again there again with a bit of luck. It's out performing the XAO over the last 4 days
.