ImagineAR's FameDays Secures $10 Million Contract to Develop 25,000 Sq. Ft. Immersive Entertainment Center at a Niagara Falls Hotel in Canada
ImagineAR (IPNFF) announced a significant $10 million contract through its subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement, signed with Ontario real estate developer J Grewal on February 21, 2025, includes immersive attractions, AR racing, VR Gaming, and Mixed AG真人官方ity features.
The developer paid a non-refundable deposit of $250,000 and signed a Master Services Agreement for ongoing support. Beyond the initial contract, ImagineAR will receive annual fees and monthly royalties based on gross sales once the center opens. Located in a region attracting over 13 million visitors annually, this marks ImagineAR's first implementation of their AR-AI business model aimed at driving scalable, recurring revenue.
Grewal has expressed interest in opening two additional locations, with discussions underway for a second, larger center in Ontario. This partnership aligns with market projections showing immersive tech growth from $183.96 billion in 2024 to $1.7 trillion by 2032.
ImagineAR (IPNFF) ha annunciato un contratto significativo del valore di 10 milioni di dollari attraverso la sua filiale FameDays per sviluppare un centro esperienziale immersivo di 25.000 piedi quadrati a Niagara Falls, Ontario. L'accordo, firmato con lo sviluppatore immobiliare dell'Ontario J Grewal il 21 febbraio 2025, include attrazioni immersive, corse in AR, giochi in VR e caratteristiche di realt脿 mista.
Lo sviluppatore ha versato un deposito non rimborsabile di 250.000 dollari e ha firmato un Master Services Agreement per supporto continuativo. Oltre al contratto iniziale, ImagineAR ricever脿 commissioni annuali e royalties mensili basate sulle vendite lorde una volta aperto il centro. Situato in una regione che attira oltre 13 milioni di visitatori all'anno, questo segna la prima implementazione del modello di business AR-AI di ImagineAR, mirato a generare entrate ricorrenti scalabili.
Grewal ha espresso interesse ad aprire due ulteriori sedi, con discussioni in corso per un secondo centro, pi霉 grande, in Ontario. Questa partnership si allinea con le proiezioni di mercato che mostrano una crescita della tecnologia immersiva da 183,96 miliardi di dollari nel 2024 a 1,7 trilioni di dollari entro il 2032.
ImagineAR (IPNFF) anunci贸 un contrato significativo de 10 millones de d贸lares a trav茅s de su filial FameDays para desarrollar un centro de experiencia inmersiva de 25,000 pies cuadrados en Niagara Falls, Ontario. El acuerdo, firmado con el desarrollador inmobiliario de Ontario J Grewal el 21 de febrero de 2025, incluye atracciones inmersivas, carreras en AR, juegos en VR y caracter铆sticas de realidad mixta.
El desarrollador pag贸 un dep贸sito no reembolsable de 250,000 d贸lares y firm贸 un Master Services Agreement para soporte continuo. M谩s all谩 del contrato inicial, ImagineAR recibir谩 tarifas anuales y regal铆as mensuales basadas en las ventas brutas una vez que el centro abra. Ubicado en una regi贸n que atrae a m谩s de 13 millones de visitantes anualmente, esto marca la primera implementaci贸n del modelo de negocio AR-AI de ImagineAR, destinado a impulsar ingresos recurrentes escalables.
Grewal ha expresado inter茅s en abrir dos ubicaciones adicionales, con discusiones en curso para un segundo centro m谩s grande en Ontario. Esta asociaci贸n se alinea con las proyecciones del mercado que muestran un crecimiento de la tecnolog铆a inmersiva de 183.96 mil millones de d贸lares en 2024 a 1.7 billones de d贸lares para 2032.
ImagineAR (IPNFF)電� 鞛愴殞靷� FameDays毳� 韱淀暣 鞓儉毽槫欤� 雮橃澊鞎勱皜霛� 韽彫鞐� 25,000韽夒癌頂柬姼 攴滊鞚� 氇办瀰順� 觳错棙 靹柬劙毳� 臧滊皽頃橁赴 鞙勴暅 1觳滊 雼煬 攴滊鞚� 瓿勳暯鞚� 氚滍憸頄堨姷雼堧嫟. 鞚� 瓿勳暯鞚� 2025雲� 2鞗� 21鞚� 鞓儉毽槫 攵�霃欖偘 臧滊皽鞐呾泊 J Grewal瓿� 觳搓舶霅橃棃鞙茧┌, 氇办瀰順� 鞏错姼霝欖厴, AR 霠堨澊鞁�, VR 瓴岇瀯 氚� 順柬暕 順勳嫟 旮半姤鞚� 韽暔頃╇媹雼�.
臧滊皽鞛愲姅 25毵� 雼煬鞚� 頇橂秷 攵堦皜 氤挫旮�鞚� 歆�攵堩晿瓿� 歆�靻嶌爜鞚� 歆�鞗愳潉 鞙勴暅 毵堨姢韯� 靹滊箘鞀� 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 齑堦赴 瓿勳暯 鞕胳棎霃� ImagineAR鞚� 靹柬劙臧� 臧滌灔頃� 頉� 齑� 毵れ稖鞐� 霐半澕 鞐瓣皠 靾橃垬耄岇檧 鞗旊硠 搿滌棿韹半ゼ 氚涭潉 瓴冹瀰雼堧嫟. 鞐瓣皠 1,300毵� 氇� 鞚挫儊鞚� 氚╇臧�鞚� 雭岇柎霌れ澊電� 歆�鞐棎 鞙勳箻頃� 鞚� 靹柬劙電� ImagineAR鞚� AR-AI 牍勳雼堨姢 氇嵏鞚� 觳橃潓鞙茧 甑槃頃� 瓴冹溂搿�, 頇曥灔 臧�電ロ暅 氚橂车 靾橃澋鞚� 彀届稖頃橂姅 瓴冹潉 氇╉憸搿� 頃橁碃 鞛堨姷雼堧嫟.
Grewal電� 鞓儉毽槫鞐� 霊� 臧滌潣 於旉皜 鞙勳箻毳� 鞐搓碃鞛� 頃橂姅 甏�鞁潉 響滊獏頄堨溂氅�, 霊� 氩堨Ц搿� 雿� 韥� 靹柬劙鞐� 雽�頃� 雲检潣臧� 歆勴枆 欷戩瀰雼堧嫟. 鞚� 韺岉姼雱堨嫮鞚� 2024雲� 1,839鞏� 6觳滊 雼煬鞐愳劀 2032雲勱箤歆� 1臁� 7觳滌柕 雼煬搿� 靹膘灔頃� 瓴冹溂搿� 鞓堨儊霅橂姅 鞁滌灔 鞝勲瓿� 鞚检箻頃╇媹雼�.
ImagineAR (IPNFF) a annonc茅 un contrat significatif de 10 millions de dollars par l'interm茅diaire de sa filiale FameDays pour d茅velopper un centre d'exp茅rience immersive de 25 000 pieds carr茅s 脿 Niagara Falls, Ontario. L'accord, sign茅 avec le promoteur immobilier ontarien J Grewal le 21 f茅vrier 2025, comprend des attractions immersives, des courses en AR, des jeux en VR et des fonctionnalit茅s de r茅alit茅 mixte.
Le d茅veloppeur a vers茅 un acompte non remboursable de 250 000 dollars et a sign茅 un Master Services Agreement pour un soutien continu. Au-del脿 du contrat initial, ImagineAR recevra des frais annuels et des redevances mensuelles bas茅es sur le chiffre d'affaires brut une fois le centre ouvert. Situ茅 dans une r茅gion attirant plus de 13 millions de visiteurs par an, cela marque la premi猫re mise en 艙uvre du mod猫le commercial AR-AI d'ImagineAR, visant 脿 g茅n茅rer des revenus r茅currents 茅volutifs.
Grewal a exprim茅 son int茅r锚t pour l'ouverture de deux autres emplacements, avec des discussions en cours pour un deuxi猫me centre plus grand en Ontario. Ce partenariat s'aligne avec les pr茅visions du march茅 montrant une croissance de la technologie immersive de 183,96 milliards de dollars en 2024 脿 1,7 trillion de dollars d'ici 2032.
ImagineAR (IPNFF) gab einen bedeutenden Vertrag 眉ber 10 Millionen Dollar bekannt, der 眉ber seine Tochtergesellschaft FameDays zur Entwicklung eines 25.000 Quadratfu脽 gro脽en immersiven Erlebniszentrums in Niagara Falls, Ontario, abgeschlossen wurde. Die Vereinbarung, die am 21. Februar 2025 mit dem Immobilienentwickler J Grewal unterzeichnet wurde, umfasst immersive Attraktionen, AR-Rennen, VR-Spiele und Mixed-AG真人官方ity-Funktionen.
Der Entwickler zahlte eine nicht erstattungsf盲hige Anzahlung von 250.000 Dollar und unterzeichnete einen Master Services Agreement f眉r fortlaufende Unterst眉tzung. 脺ber den urspr眉nglichen Vertrag hinaus wird ImagineAR j盲hrliche Geb眉hren und monatliche Lizenzgeb眉hren basierend auf dem Bruttoumsatz erhalten, sobald das Zentrum er枚ffnet. Das Zentrum befindet sich in einer Region, die j盲hrlich 眉ber 13 Millionen Besucher anzieht, und dies markiert die erste Implementierung des AR-AI-Gesch盲ftsmodells von ImagineAR, das darauf abzielt, skalierbare, wiederkehrende Einnahmen zu generieren.
Grewal hat Interesse bekundet, zwei weitere Standorte zu er枚ffnen, und es laufen Gespr盲che 眉ber ein zweites, gr枚脽eres Zentrum in Ontario. Diese Partnerschaft stimmt mit den Marktprognosen 眉berein, die ein Wachstum der immersiven Technologie von 183,96 Milliarden Dollar im Jahr 2024 auf 1,7 Billionen Dollar bis 2032 zeigen.
- Secured major $10M contract for immersive center development
- Received $250,000 non-refundable deposit
- Established recurring revenue stream through annual fees and monthly royalties
- Strategic location in high-traffic tourist area (13M annual visitors)
- Potential expansion with two additional locations under discussion
- None.
FameDays also signed a Master Services Agreement to provide ongoing on-site and software support and will be paid an annual fee and recurring monthly royalties once the center opens to the public
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2025) - (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) an Augmented AG真人官方ity company that enables organizations, brands and businesses to create their own immersive experiences, announced today the execution of a Design and Project Installation Agreement by its wholly-owned subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The
Mr. J Grewal, an Ontario real estate developer and owner of the location for the Immersive Centre at Niagara Falls, paid a non-refundable deposit of
Strategic Location: Niagara Falls' Tourism Powerhouse
Niagara Falls attracts over 13 million visitors annually, making it one of North America's most iconic tourist destinations. The immersive center intends to capitalize on this foot traffic, positioning ImagineAR's technology at the intersection of entertainment, education, and next-gen tourism. The location ensures access to a global audience and enhancing visibility for both parties.
2025 Rollout
The Niagara Falls center is the first immersive AR /AI installations slated for 2025. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, from theme parks to cultural landmarks.
Mr. J Grewal added "An immersive center inside a hotel transforms the guest experience from a simple stay to a journey of discovery, blending technology, culture, and entertainment seamlessly. In Canada, where travelers seek both adventure and authenticity, this innovation allows hotels to offer curated, interactive experiences that not only enhances guest satisfaction but also drives longer stays and repeat visits, making it the future of hospitality. We have already expressed interest to open two more locations, and we are currently in discussions to open our 2nd immersive center in Ontario with much larger square footage."
Alen Paul Silverrstieen, CEO of ImagineAR, stated "This partnership is a transformative milestone. Niagara Falls' tourist base provides the ideal stage to showcase how AR/AI can redefine experiential entertainment. By signing a
Recent data predicts the immersive tech market will explode from
About ImagineAR
ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, , that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.
For more information or to explore working with ImagineAR or Famedays , please email [email protected], or visit .
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
[email protected]
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
FAQ
What is the value of ImagineAR's (IPNFF) Niagara Falls immersive center contract?
How large will the IPNFF Niagara Falls immersive center be?
What recurring revenue will IPNFF generate from the Niagara Falls center?
How many visitors does the Niagara Falls location attract annually?
What features will be included in IPNFF's Niagara Falls immersive center?
How many additional locations is IPNFF planning to develop?
