Glimpse Group (VRAR) Issued Its 5th Virtual and Augmented Reality Patent

Glimpse Group (NASDAQ: VRAR) today announced that it has been issued U.S. Patent number 11189097 ("Patent") for presenting a Simulated Reality Experience in a Preset Location.

Liron Lerman, General Manager of Glimpse's subsidiary PostReality (www.postreality.io) and one of the Patent's inventors, commented: "We believe this to be a wide patent, covering potentially mainstream AR commercial applications. The patent relates to a system that allows a user to be present in a virtual world that is aligned with the physical world in which the user is moving in and for the synchronization of that alignment. To illustrate, think of a physical store and a virtual one that are connected virtually and where a shopper's virtual experience in the metaverse enhances the physical one and vice versa. In this example, the physical store's content will be presented to the shopper initially utilizing the built in AR capabilities on the shopper's cell phone, and in the future via AR smart glasses."

Lyron Bentovim, President & CEO of Glimpse commented, "One of the key benefits to being early to an industry is the potential to capture very wide concepts, that we envision may be of great significance in the future as the industry matures. This represents one such patent, with potential value as the future metaverse combines with the real world. To date, Glimpse has filed 13 patent applications in the U.S. and has been issued 5 so far. We continue to invest in expanding our patent portfolio over time, across our base of subsidiary companies and the wide range of industries they target."

You May Also Be Interested In

• LG Energy in talks with Toyota (TM) to supply EV batteries
• ASLAN Pharmaceuticals (ASLN) Reports Q4, Provides Corporate Update
• Stitch Fix (SFIX) Announces Resignation of Mikkel Svane from Board