ARHT Media Inc V.ART.H

RE:Latest News --- 🛰Signs 4 City Network Deal in Asia

[PowerofNow]

For this to keep running today, you know more news is coming. 

July 15, 2020 08:30 ET | Source: ARHT Media Inc. TORONTO, July 15, 2020 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), is the global leader in the development, production and distribution of high-quality, low latency hologram and digital content.  ARHT is pleased to announce that it has entered into an agreement to supply Hologram Capture and Display technology that will link four separate cities in the Asia-Pacific region enabling enhanced two-way live communication using ARHT’s holopresence technology.   The deal includes an upfront payment for hardware plus ongoing fees for transmissions, using the Company’s ARHT Engine software, as well as for maintenance, software upgrades, training and event support.  The deal is currently scheduled to be delivered in Q3 2020. “The end game of our business model is to build out permanent installations that generate recurring revenues through multiple streams utilizing our patented software – a true SAAS model,”  stated ARHT CEO Larry O’Reilly, “Based on our current backlog of potential deals we expect to generate over 50% of our revenue in the coming year based on this type of deal structure as compared to one-off events, and that will only increase as the network grows.” About ARHT Media  ARHT Media’s patented holopresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our holopresence displays to deliver rich holographic experiences.  Add to this our capability to stream the same content online on our premium Virtual Global StageTM.