Acer and Starbreeze Announce First Shipment of StarVR Head-Mounted Displays

Marks first key milestone in bringing VR experiences to new heights

BERLIN, GERMANY

Acer (TWSE: 2353, LSE: ACID) and Starbreeze AB (First North: STAR) today announced at a global press conference in Berlin that they have started to ship StarVR® Virtual Reality (VR) Head-Mounted Displays (HMD) to IMAX Corporation in preparation for the highly anticipated opening of the IMAX VR® Center in Los Angeles, expected later this year, and others in the near future. Earlier in 2016, Acer committed to delivering a small volume of units of StarVR® HMDs this year with mass production of the devices to commence in 2017. Also on hand at the press conference were Bo Andersson Klint, CEO at Starbreeze and Rob Lister, Chief Business Development Officer at IMAX Corporation.

“With this shipment to as important a player in the entertainment industry as IMAX, we are absolutely thrilled that we are well on our way in bringing the virtual reality experience to the next level and to the world” said Jason Chen, President and CEO at Acer. “The realization of the most premium VR experience ever offered isn’t just our dream, but one of an entire ecosystem that encompasses hardware makers, videogame developers, theater companies, filmmakers and many others.” Chen highlighted at the global press conference that movies and videogames have exceedingly become ever more closely entwined. The lines are blurring between movies and videogames, and are moving beyond just two mediums that have traditionally only complemented one another. He said they were converging to become a more dynamic, immersive form of storytelling, and virtual reality would feature prominently in this development.

“We’re extremely proud to be able to show the first manufactured units of the StarVR® headset produced in our collaboration with Acer. Since announcing the StarVR® headset in 2015, we’re finally at a place where we can see the pieces of our vision coming together. From day one we’ve been convinced that we can deliver premium experiences with premium hardware. The search for great partners sharing the same vision was long, but we’re happy to be able to lay down these two fundamental parts in Starbreeze VR-ecosystem together with Acer and IMAX. We can’t wait for people to start experiencing world-class virtual reality in the StarVR HMD and at IMAX VR® centers, said Bo Andersson Klint, Starbreeze CEO.

“We are looking forward to the launch of our first IMAX VR® center and pleased with the progress demonstrated by the initial shipment of StarVR® HMDs from Acer and Starbreeze, as this exciting industry continues to develop and grow," said Robert D. Lister, Chief Business Development Officer, IMAX Corp. “IMAX is committed to delivering immerse, multi-dimensional virtual reality experiences, featuring some of the world’s best entertainment and gaming properties, to premium locations, including multiplexes, malls and other commercial destinations.”

Acer Inc. and Starbreeze AB announced earlier in the year that their respective Board of Directors had approved the establishment of a joint venture, for design, manufacturing, promotion, marketing and sales of the StarVR® Head-Mounted Display. The joint venture has since obtained regulatory approval and will be known as Acer Starbreeze Corporation. With its best-in-class cinematic experience, StarVR® targets professional- and location-based entertainment markets such as high-end cinemas, gaming arcades, automotive retail and aviation training. StarVR® provides a truly immersive VR experience with its unique ultra-wide 210-degree horizontal field of view, with custom optics that deliver great image quality across the eye’s natural vision.