XReality Group Ltd ( (AU:XRG) ) has issued an announcement.
xReality Group Limited’s US subsidiary, Operator XR, has entered a strategic research collaboration with the Advanced Law Enforcement Rapid Response Training (ALERRT) Centre at Texas State University, recognized as the FBI-designated national standard for active shooter response training in the US. This two-year collaboration aims to optimize Operator XR’s virtual reality training system for high-stress law enforcement scenarios, enhancing training methodologies and improving human performance in active shooter situations. The partnership signifies a crucial step in XRG’s strategy to lead the immersive training market within US law enforcement, potentially impacting the company’s operations and industry positioning by leveraging ALERRT’s extensive reach and influence.
More about XReality Group Ltd
xReality Group Limited is a leader in enterprise software development for mission-critical simulations for military and law enforcement. The company develops and operates physical and digital simulations, with a portfolio that includes Indoor Skydiving facilities, Virtual Reality (VR), and Augmented Reality (AR) entertainment, training, and production. Operator XR, a subsidiary, provides military and law enforcement agencies with a unique, integrated Mission Planning & Rehearsal System.
YTD Price Performance: 33.33%
Average Trading Volume: 530,158
Technical Sentiment Signal: Sell
Current Market Cap: A$19.98M
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