London and Bilbao, Spain, August 30, 2023.- Spanish Virtual Reality company Virtualware (MLVIR.PA) has appointed Albert C. Maasland, former CEO of Crown Agents Bank and former CEO of Saxo Bank UK, to its International Advisory Board, in a decision that will reinforce the company's position as a leader in the immersive technologies industry.
Mr Maasland (1960) brings an extensive and distinguished career within the global banking industry. During his career, he also served as Global Head of Business Development at HSBC Markets, Global Head of Business Development, E-commerce at Standard Chartered Bank, Global Head of Marketing at Deutsche Bank, and Managing Director at Chase Manhattan Bank (now JP Morgan). His role in launching the world's first generation of cross-border electronic transaction banking services highlights his capability of driving success within tech industries.
In addition to these roles, London-based Maasland served as CEO of Knight Capital Europe and KCG Europe and as a Board Member of EASDAQ NV, the parent company of Equiduct, a pan-European Regulated Market operated by Borse Berlin.
"We are genuinely thrilled and excited that Albert Maasland has accepted our invitation to join Virtualware's International Advisory Board. With his wide knowledge, expertise in the finance world, passion for all things tech, experience in rapidly scaling business and belief in the VR industry, he will be a source of sound advice - and critical to our success as we grow our VR as a Service model", said Unai Extremo, CEO of Virtualware.
Albert Maasland's appointment clearly indicates Virtualware's intent to expand its international reach, explore new markets, and foster collaborations within the global markets. His experience and leadership will be beneficial to Virtualware as it embarks on the next phase of global expansion and product diversification.
"Virtualware is an exciting, high growth pioneer in the industry and I look forward to supporting their future growth as a public listed company," said Maasland.
Headquartered in Bilbao, Spain, Virtualware is a global pioneer in developing virtual reality solutions for major industrial, educational, and healthcare conglomerates. Since its founding in 2004, the company has executed over 500 projects in over 33 countries. Its flagship product, VIROO, is a VRaaS platform that has democratized Virtual Reality, making it accessible to companies and institutions of various sizes and sectors worldwide.
With a diverse client base that includes GE Hitachi Nuclear Energy, Ontario Power Generation, Petronas, Iberdrola, Alstom, Guardian Glass, McMaster University, Gestamp, Danone, Johnson & Johnson, Biogen, Bayer, ADIF, the Spanish Ministry of Defense, El Retoño Technical University, and EAN University, Virtualware is poised for further global expansion.
The company went public on Euronext Access Paris in April 2023, where its stock currently trades at 8.50 euros a share and a valuation close to 38.60 million euros.
SAFE HARBOR
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.
