ImagineAR teams up with KABN Systems to integrate augmented reality technology within the Liquid Avatar application
Imagine AR Inc (CSE:IP) (OTCQB:IPNFF) announced Tuesday it is teaming up with KABN Systems NA Holdings Corp (CSE:KABN) (OTMKTS:TRWRF) to integrate its augmented reality technology with KABN’s Liquid Avatar application.
The three-year, $150,000 licensing agreement uses ImagineAR’s AR SDK and cloud-based studio suite to allow Liquid Avatar’s users to create and share interactive 3D greetings and messages within the app.
The technology also enables businesses and media companies to convey information and offers to users thanks to the Self Sovereign Identity platform that ensures consumers are verified, creating a potentially lucrative new revenue stream.
READ: Imagine AR app featured in white paper discussing the impact of tech on the sports industry
In a statement, KABN and ImagineAR said the platform will help commercial enterprises and media companies to create and deliver fully immersive AR experiences, allowing users to have a 3D view of products and services.
Liquid Avatar’s users will also be able to share AR-enabled resumes, invitations, event programs and other information with their social connections.
“We are thrilled to partner with KABN to provide our AR expertise, knowledge and products to their Liquid Avatar users,” Alen Paul Silverrstieen, CEO of ImagineAR said in a statement. “KABN’s programs provide engagement with known and verified users, creating the type of value our clients are looking for, and our multi-year agreement allows us to quickly ramp up our programs and create long-term value for our stakeholders.”
David Lucatch told investors that ImagineAR’s technology provides an effective way for the company to instantly deliver AR opportunities, thereby creating revenue and value opportunities for LiquidAR’s expanding user base.
“Augmented Reality provides a new way to see the world around us and allows KABN to empower Liquid Avatar’s known and verified users to take advantage of this interactive technology to engage with friends, family, and other connections,” Lucatch added.
The AR market is expected to reach $198 billion by 2025, and Statisa estimates there will be an estimated 2.4 billion users of mobile AR worldwide by 2023.
Vancouver-based ImagineAR offers augmented reality-as-a service platform that enables businesses, individuals to launch their own AR campaigns.
Contact Angela at [email protected]
Follow her on Twitter @AHarmantas
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/938223/imaginear-teams-up-with-kabn-systems-to-integrate-augmented-reality-technology-within-the-liquid-avatar-application-938223.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).