Victory Square Technologies Inc (TSE:VST) has released an update.
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Victory Square Technologies Inc. has struck a significant deal through its XR Immersive Tech subsidiary, licensing its location-based virtual reality (LBVR) platform to Deploy Reality in a $4.5 million agreement over five years. This partnership aims to expand the SVR brand’s presence in the European market and is seen as a major growth opportunity for Victory Square’s diverse portfolio. With an initial payment of $805,571.60, Deploy Reality commits to ongoing research and development investments, further indicating the potential of this collaboration.
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