MoveoPlus and Paramount Studios Announce Strategic Partnership to Redefine the Future of Virtual Reality Entertainment

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Revolutionary Moveo Virtual Reality Simulator to Modernize Theme Park
and Entertainment Industry

NEW YORK–(BUSINESS WIRE)–Today at the VRTL Summit, MoveoPlus LLC, developer of Moveo, the
world’s first 360 degree free-rotation VR simulator, announced a
strategic partnership agreement with Paramount Studios. Under the new
partnership, MoveoPlus will provide Moveo Virtual Reality Simulator
(MoveoTM) units to Paramount as part of two upcoming
initiatives that will reinvent the cinematography experience and theme
park entertainment for customers.

Moveo is a revolutionary full motion and 360 degree free-rotation
virtual reality simulator that projects users through fully immersive 3D
worlds, flying them through space, while they experience the
gravitational pull of objects nearby. The simulator is compatible with
all major head mounted displays (HMDs) on the market.

As movie theaters continue to compete with new technologies available
within the home, Paramount has selected Moveo in an effort to re-engage
viewers. Paramount will revolutionize the current movie theater
experience with Moveo, providing viewers with a truly immersive, virtual
reality experience, beyond what they can achieve at home. The
collaboration with Paramount will also include working with content
creators such as JJ Abrams and Michael Bay, giving them access to
cutting-edge technology that will transport audiences even further into
the visually exciting and unforgettable worlds that they create.

“Virtual reality is ushering in the next digital frontier and as the
technology moves into mainstream use, our customers expect that we will
deliver new social experiences that allow them to interact with the
digital realm in a far more immersive way,” said Tom Hayes, Head of New
Media at Paramount Studios. “The Moveo platform will be an important
building block as we reimagine these activities, injecting them with a
stronger sense of realism, to create a one-of-a-kind experience that
can’t be achieved through traditional VR headsets alone.”

“To date, the rise of virtual reality has been driven by gaming, and
other industries have just begun to scratch the surface, but with
Moveo’s innovative technology, other forms of entertainment are starting
to break through – the most significant of which is film,” said Tommaso
Boralevi, Innovations Director, MoveoPlus. “Paramount continues to push
the envelope with VR technology, establishing itself as a leader in the
digital revolution and we’re excited to partner with them in creating
experiences that will more deeply connect humans to the virtual worlds
they are exploring.”

To learn more about Moveo, visit: http://www.moveoplus.com/

About MoveoPlus:

MoveoPlus LLC is a virtual reality hardware manufacturer, helping brands
connect with audiences around the world using innovative VR technoloy.
MoveoPlus’ flagship product is the Moveo VR Simulator – the world’s
first 360 degrees, free-rotation, user controlled VR simulator. By
combining VR technology with a precise mechanical motion system, Moveo
delivers an immersive experience like no other.

Contacts

MoveoPlus LLC
Anis Vijay Modi, 347-528-6233
Marketing Manager
vijay.modi@moveoplus.com