IRVINE, Calif., Oct. 12, 2016 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ) ("Ubiquity" or the "Company"), a technology-focused media company, is delivering a premier platform to the Virtual Reality(VR), Augmented Reality(AR), and Mixed Reality(MR) markets. Pokémon Go, the wildly popular game has proven the public's interest in utilizing these new experiences, and the market for AR, VR, and MR is set to hit $150-billion by 2020. The founders of Ubiquity envisioned these possibilities early on and developed the Sprocket platform to navigate all of the possibilities in this emerging marketplace.
Ubiquity's founder Chris Carmichael first imagined a world in which content has no boundaries in the late 1990's when he began development of the Sprocket platform. The Sprocket is an intuitive customizable navigation platform which allows users to seamlessly access their favorite destinations and applications across all VR/AR/MR devices including the Microsoft HoloLens. Developers can access SDK's to build new applications on the platform. Ubiquity is transforming the way consumers and developers alike interact with and use these technologies and devices. Ubiquity is focused on capturing the growing opportunities in virtual, augmented, and mixed reality with its Sprocket platform.
Ubiquity Chief Creative Architect Chris Carmichael said: "Our aim is to redefine the barrier between the physical location and the audience and transport you to destinations and experiences that may be otherwise out of reach. We believe the demand for these products and services will contribute to the growth of Ubiquity's core products as well as the continued use of our patented technology."
Augmented, mixed and virtual reality represent one of the bigger business opportunities of the coming decade, along with the Internet of Things and Artificial Intelligence. In the coming years, the International Data Corporation (IDC) expects developers to create a range of new experiences for the devices that will fundamentally change the way many people do their work. But what users can do with the hardware will depend on the applications and services that power the products. Ubiquity's Sprocket platform is that layer of support that is crucial for the development, deployment and adoption of these new devices.
Carmichael Continued: "The future of communication and collaboration will be defined by these immersive, virtual, augmented, and mixed reality experiences that provide economic value across the gaming, entertainment, social and the business marketplaces. These technologies will continue to disrupt the current standard with limitless possibilities."
Mark Zuckerberg who recently stated that "virtual reality will have a similar impact to the advent of the smartphone, becoming a staple of everyday life that unlocks brand-new markets for media and technology companies to profit from."
About Ubiquity, Inc. (OTCBB: UBIQ)
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. The Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Ubiquity enables the search and identification of any object and image in all video and digital media and has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way. Ubiquity's intellectual property and unique cloud-based technology combines Mobile as a Service ("MaaS") with Software as a Service ("SaaS") to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. Through Ubiquity Labs the company is leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, e-commerce, and mobile applications to support the commercialization of new technologies. In addition, Ubiquity intends to pursue strategic licensing opportunities. Ubiquity, Inc. owns 51% of Sprocket Hong Kong Ltd., and receives 60% of the revenue generated from Sprocket HK Ltd. For more information go to www.ubiquitycorp.com
FORWARD LOOKING STATEMENTS
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SOURCE Ubiquity, Inc.