Victory Square Technologies (VST.C) subsidiary Immersive Tech launched their new location-based entertainment VR attractions division called Uncontained today, according to a press release.

VST intends to use this division to capitalize on a presumed demand for safe attractions during the COVID-19 pandemic. Uncontained will include the first world’s first interactive virtual reality franchise attraction, operated within shipping containers. The experience will give up to six players the ability to roam freely inside the container while interacting inside a digital environment.

“Immersive Tech is an excellent example of how VST stays ahead of the curve and acquires true diamonds in the rough with an eye for creating value for shareholders. With the AR/VR entertainment industry poised to explode in 2021, we expect guests to be seeking new, exciting, and safe attractions that immerse one’s senses and provide unsurpassed memories and fun. The public wants to return to experienced-based attractions in a completely safe environment, and Uncontained brings a solution that exceeds all safety protocols with fun, excitement, and memories as their focus.” said Shafin Diamond Tejani, CEO for Victory Square Technologies.

Immersive Tech blends amusement park engineering and video game development to produce interactive gaming opportunities. Over the past four years, they have also built escape room experiences for family entertainment groups, including APEX Ent and Kalahari Resorts, and sport a number of working relationships with companies like Bayer Pharmaceuticals, Intel, Capital One, among others.

The company views their Uncontained package is the natural next step to exposing their free-roam immersive virtual-reality experiences to a wider audience, backed by a scaleable franchise model. They content that this new product represents substantial opportunities for the company and investors, as it places them on a path towards rapid growth in the year to come.

Source: stockwatch.com

VST is up $0.05 on the day and trading at $0.67.

—Joseph Morton

Written By:

Joseph Morton

Joseph is a Vancouver-based author and journalist with both a communications degree and journalism diploma (and a few novels) under his belt. His joie de vivre is to spin difficult technical topics into more human-centric narratives. Buy him a coffee and he'll talk your ear off for hours about privacy issues, blockchain, cryptocurrency and martial arts. Don't talk to him if you're either a tomato, a bully, or if you're not a fan of either 1984 or Tender is the Night. No. You can still talk to him. Just be prepared to be told why you're wrong.

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Tags:
Augmented Reality/VR
APEX Ent
Bayer Pharmaceuticals
Capital One
Escape Rooms
Immersive Tech
Kalahari Resorts
Uncontained
Victory Square Technologies
virtual reality
VST.C
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