On its face, this is a great press release from ImagineAR ... but a deeper dive into it points to so much more for the Company.
"In addition to the five-year licensing fee, the agreement also provides for joint revenue sharing fees over the term which can significantly increase the annual revenue for ImagineAR."
Great commercialization.
"Our partnership with ImagineARTM is going to address the new paradigm required today in professional sports for fan engagement and activation. The ImagineAR augmented reality platform is truly a gamechanger for sports organizations and athletes to deliver in-home mobile phone engagement and drive consistent recurring monthly revenue for them. We are extremely optimistic that with our experienced executive team, we will generate significant revenue for our clients for years"
One of the most powerful quotes I've seen in smallcap because it drives home the points
- This is a major trend in sports;
- ImagineAR technology is at the forefront of sports;
- The immediate business case
- The long term business case
When you unpack all of this from the quote, you have to start thinking that sports firms and athletes from across the world have to be going all in on Augmented Reality.
"We have been analyzing new technologies and platforms for revolutionizing sports and fan engagement. Augmented Reality has been one of our keystone requirements and the ImagineAR platform is years ahead of every other company today."
Further supports the points above but drives the point home even harder.
Finally, the quote from AP also points to an expectation that revenues will start flowing in 2020, which is super fast considering we are in September already.
Overall, an amazing development and looking forward to more good news from ImagineAR!
George
