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July 27, 1994

IBM LAUNCHES VIRTUALITY SYSTEM AS PROJECT ELYSIUM VR

By CBR Staff Writer

Virtuality Group Plc and IBM Corp yesterday formally launched their ValuePoint personal computer-based immersive virtual reality system (CI No 2,458), calling it the Project Elysium VR system. Made by IBM at Greenock, it will be marketed by IBM worldwide. It consists of the computer with Virtuality board installed, keyboard, visor and accessories, and costs from ?6,600 to ?47,000 for a networked system. The launch marks the Leicester company’s first major drive into non-leisure markets and marks the opening shot in its strategy of licensing its technology to a handful of key partners. IBM will target engineering, architectural, medical, entertainment and education markets with Project Elysium VR.

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