Ubiquity's Sprocket Powers Virtual, Augmented and Mixed Reality

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

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate," "project," "belief," "anticipate," "intend," "expect," "plan," "predict," "may," or "should," and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the failure of the business strategy, the integrity of the Company's patents, proprietary intellectual property, and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's 10K/A for the year ended December 31, 2014. See the sections entitled "Risk Factors" in Ubiquity's quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

Contacts:

Rubenstein PR
Loretta Mock
212-805-3067
[email protected]

Jeanne Turkheimer, Account Executive
212-805-3073
[email protected]

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SOURCE Ubiquity, Inc.

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