ImagineAR signed a five year USD250,000 licensing agreement with WaV Sports & Entertainment to give its AR Platform to WaV Sports. This agreement will support WaV Sports in their launch of their proprietary global sports engagement products. This agreement also offer joint revenue sharing which is expected to increase ImagineAR’s annual revenue.
“Our partnership with ImagineAR(TM) is going to address the new paradigm required today in professional sports for fan engagement and activation. The ImagineAR augmented reality platform is truly a gamechanger for sports organizations and athletes to deliver in-home mobile phone engagement and drive consistent recurring monthly revenue for them. We are extremely optimistic that with our experienced executive team, we will generate significant revenue for our clients for years.” – Brian Klaasmeyer, Co-Founder & Managing Partner of WaV Sports & Entertainment
“Our new advisor, Gus Frerotte, introduced the founders of WaV Sports and Entertainment to ImagineAR as he realized the potential of a partnership for both organizations. We believe the WaV Sports fan engagement business model and current relationships are going to be a catalyst for driving significant revenue for ImagineAR in 2020 and for the duration of the five-year agreement.” – Alen Paul Silverrstieen, CEO of ImagineAR.