The Glimpse Group, Inc. (“Glimpse”) (NASDAQ:VRAR) a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality (“VR”), Augmented Reality (“AR”) and Spatial Computing software and services, announced today that it entered into a two year, mid-six figure contract with the College of Staten Island Technology Incubator for the design, deployment and integration of a suite of immersive technologies in its new Innovation Hub.

CSI was awarded funding from New York State and Empire State Development to establish a state-of-the-art Virtual and Augmented Reality (VR/AR) Lab as part of New York State’s Downtown Revitalization Initiative. With additional financial backing from the New York City Council, the VR/AR Lab will be housed within the newly constructed Innovation Hub, with a total project budget exceeding $3 million. This funding will support a wide range of initiatives, including cutting-edge equipment and technology for students and entrepreneurs, the development of advanced instructional spaces, and the creation of collaborative workspaces for faculty, students, entrepreneurs, and community members. This immersive tech project is expected to be implemented over the next two years and includes significant software licenses and services from several Glimpse subsidiary companies.

Jasmine Cardona, Executive Director, Economic Development & Community Partnerships at CSI, commented: “We are thrilled to collaborate with Glimpse to integrate immersive technologies into our CSI Tech Incubator Innovation Hub, providing students with access to innovative tools that will not only enhance their academic experience but also equip them with critical skills for the future. This partnership embodies our commitment to fostering entrepreneurship, technology advancement, and community engagement, positioning our students and local entrepreneurs to thrive in an increasingly digital and immersive world.”

Lyron Bentovim, President and CEO of Glimpse, commented: “Our partnership with CSI leverages our experience and expertise in immersive technologies and will leverage the work we have been doing with several academic institutions. Immersive technologies offer tremendous advantages to higher learning, and we look forward to implementing these technologies with our partner CSI for the benefit of their students, faculty and community.”

About the CSI Tech Incubator:
As part of the College of Staten Island (CSI), the only public institution of higher education on Staten Island, the CSI Tech Incubator (CTI) is a driving force behind technological innovation and economic development. Established to support the Staten Island community and beyond, CTI offers education, resources, and support to foster entrepreneurship and drive growth in the rapidly evolving tech sector. Leveraging the College’s resources with a vision to transform Staten Island into a leading hub for creativity, applied research, and business development. https://www.csitechincubator.com/

About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ:VRAR)(FSE:9DR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse’s unique business model provides scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

– Story Courtesy of Glimpse Group