Virtualware and Totalpower forge strategic partnership to introduce VIROO in Brazil

Bilbao, Spain, Brazil April 18 , 2024.-  Virtualware (EPA: MLVIR), the European leader in virtual reality has signed a partnership agreement with Totalpower to boost VIROO's presence in Latin America and Brazil.

Focusing on innovative technologies for Industry 4.0, Totalpower is the leading XR solutions provider in Latin America and Brazil, offering cutting-edge hardware, software, and AR/VR professional services across multiple sectors in these regions.

This collaboration sees Totalpower joining the VIROO Partner Program as a Value Added Reseller, aiming to drive the adoption of the VIROO Enterprise VR platform across key industries such as Automotive, Oil & Gas, Heavy Machinery, Mining, Agribusiness, Manufacturing, and Services in the region.

“We are very enthusiastic about this parentship. VIROO is an innovative VRaaS platform to improve our portfolio and create more customer value. Now, we have a complete solution (hardware, software, and services) attending to customer’s needs.” Fabiano Freitas, CEO at Totalpower. 

Jesus Garrido, Global Sales Manager at Virtualware, emphasizes the significance of adding Totalpower to their Partner Programme, citing it as a move that strengthens their collaborative ecosystem and brings specialized expertise to the Brazilian market.

By adding VIROO to its portfolio, Totalpower enables its customers to achieve significant efficiency, productivity, and security gains by leveraging VIROO's ability to support the digital transformation of businesses.

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 garnered widespread recognition for its accomplishments. In 2021, Virtualware was acknowledged as the world’s most Innovative VR Company and since April 2023 the company has been listed on the Euronext Access Paris stock exchange (Ticker: MLVIR).

Virtualware’s flagship product, VIROO, is redefining the realm of enterprise VR, driving its adoption forward, leveraging innovative and sustainable strategies. Recognized for its pioneering approach in the immersive technology sector, it is rapidly becoming the global benchmark for developing and deploying multi-user VR applications in industry and education. The VR as a service platform is already used by over 40 companies and institutions worldwide including GE Vernova, Ontario Power Generation, Gestamp, ADIF, the Spanish Ministry of Defense, Invest WindsorEssex, McMaster University, University of El Salvador, Conalep and EAN University.

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.