SCOTTSDALE, Ariz., April 6, 2022 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in connected public safety technologies, today announced the acquisition of Foundry 45, an industry-leading virtual reality (VR) studio focused on developing immersive training modules for large enterprises. The acquisition, which closed on April 5, 2022, will integrate Foundry 45 into the Axon VR team.
Founded in 2015, Foundry 45 has delivered virtual and augmented reality training applications to global enterprise customers including several Fortune 100 companies. Pushing the boundaries of corporate training for some of the world's most innovative companies, the Foundry 45 team builds exceptional VR experiences geared towards improving productivity, boosting knowledge retention and creating better training outcomes.
"We're thrilled the Foundry 45 team has joined Axon in our mission to Protect Life," says Chris Chin, VP of Immersive Technologies, Axon."Their team of accomplished enterprise VR training experts are a great addition to Axon and I'm excited to join forces and level-up our public safety training capabilities to make communities safer for all."
Axon's VR team is transforming public safety by making training more accessible, relevant and affordable with the goal of using new immersive technologies to better prepare officers for real-life situations in the field. Axon's VR products provide virtual reality content that helps officers develop critical thinking, de-escalation techniques and tactical skills across a diverse set of highly realistic scenarios.
Virtual reality is rapidly becoming a game-changing training tool across many industries, and the acquisition of Foundry 45 will help accelerate Axon to deliver innovative skills- and scenario-based training in public safety, and will catalyze Axon's expansion into new growth markets globally.
"I'm exceptionally proud of the work our team has accomplished at Foundry 45," says David Beck, Co-Founder and Managing Partner, Foundry 45. "We believe purpose is one of the most important elements of a company and are excited our values align with Axon. By joining their team, we are able to continue to bring our innovative vision and world-class engineers to the table to build products for public good."
Equity inducement awards of an aggregate 29,507 restricted stock units ("RSUs") were granted to two individuals in connection with the acquisition. Of the total amount awarded, 11,438 time-based RSUs will vest in equal annual amounts following the first, second, and third anniversaries of the grant date. 2,820 time-based RSUs will vest two-thirds following the first anniversary and one-third following the second anniversary of the grant date. Additionally, up to 15,249 RSUs will vest based on the attainment of three performance criteria based on content development and sales bookings. All awards are subject to continued service through each vesting date, with the exception of 7,625 time-based RSUs that would accelerate vesting in the event of an involuntary termination without cause.
Morgan, Lewis & Bockius LLP represented Axon as legal counsel in this transaction.
About Foundry 45
Foundry 45 (www.foundry45.com) uses innovative technologies to create better training outcomes for clients. We are a team of technologists and creatives who are driven to build powerful, immersive virtual reality experiences. By leveraging interactive content, we help organizations break the monotony of their current training routines while providing safer, more efficient and engaging employee training solutions. We've delivered hundreds of VR experiences for clients across the country and around the globe, including several Fortune 100 companies.
About Axon
Axon is a network of devices, apps and people that helps public safety personnel become smarter and safer. With a mission of protecting life, our technologies give customers the confidence, focus and time they need to keep their communities safe. Our products impact every aspect of a public safety officer's day-to-day experience with the goal of helping everyone get home safe.
We work hard for those who put themselves in harm's way for all of us. To date, more than 263,000 lives and countless dollars have been saved with the Axon Network of devices, apps and people. Learn more at http://www.axon.comor by calling (800) 978-2737. Axon is a global company with headquarters in Scottsdale, Ariz. and global software engineering hub in Seattle, Wash., as well as additional offices in Australia, Canada, Finland, Vietnam, the UK and the Netherlands.
Facebook is a trademark of Facebook, Inc., Morgan, Lewis, & Bockius is a trademark of Morgan, Lewis & Bockius Partnership and Twitter is a trademark of Twitter, Inc. Axon, Axon Network, Protect Life and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit http://www.axon.com/legal. All rights reserved.
Follow Axon here:
Note to Investors
Please visit http://investor.axon.com, https://www.axon.com/press, http://www.twitter.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information and its business.
MEDIA CONTACT:Corinne ClarkPublic Relations ManagerMedia ONLY Hotline: (480) 444-4000[emailprotected]
SOURCE Axon
See the rest here:
Axon Announces Acquisition of Virtual Reality Training Studio 'Foundry 45' - PR Newswire
- Fans still waiting for a virtual reality view of the Buffalo Bills' new ... - Buffalo News - November 28th, 2023 [November 28th, 2023]
- Immerse yourself in new, augmented worlds - University of Miami: News@theU - November 28th, 2023 [November 28th, 2023]
- Who are the leading innovators in vehicle digital twins for the ... - just-auto.com - November 28th, 2023 [November 28th, 2023]
- How Virtual and Augmented Reality Are Redefining Construction - TimesTech - November 28th, 2023 [November 28th, 2023]
- Virtualware Appoints VRARA's John A Cunningham to Advisory Board - XR Today - November 28th, 2023 [November 28th, 2023]
- University Project Aims to Dissolve Borders Between Virtual and ... - XR Today - November 28th, 2023 [November 28th, 2023]
- Are real cadavers better than virtual ones? - Slate - November 28th, 2023 [November 28th, 2023]
- Samsung Glasses could be the name of a new pair of Samsung ... - TechRadar - November 28th, 2023 [November 28th, 2023]
- The Best Augmented Reality Accessories for AR Immersion - XR Today - November 28th, 2023 [November 28th, 2023]
- The best VR apps for 2022 | Digital Trends - February 18th, 2023 [February 18th, 2023]
- What is virtual reality? - TechTarget - February 18th, 2023 [February 18th, 2023]
- Forget the metaverse, Sony's PlayStation VR2 will make you a virtual reality believer again - British GQ - February 18th, 2023 [February 18th, 2023]
- Time to play! New virtual reality gaming coming to Northern Virginia - WUSA9.com - January 31st, 2023 [January 31st, 2023]
- Virtual reality training content launched for footwear and leather sector - The Hindu - January 31st, 2023 [January 31st, 2023]
- Texas A&M researchers are using multisensory virtual reality to help NASA astronauts - KAGSTV.com - January 31st, 2023 [January 31st, 2023]
- Hollywoods Virtual Reality Guru and American Millionaire Expanded His Soccer Portfolio to Europe With a Deal Worth $940 Million - EssentiallySports - January 8th, 2023 [January 8th, 2023]
- TikTok owner ByteDance takes first step into virtual reality with ... - December 26th, 2022 [December 26th, 2022]
- Virtual Reality inspires students to think about long-term careers - Turn to 10 - December 21st, 2022 [December 21st, 2022]
- Virtual Reality Arcade with Best VR Game Experiences - Main Event - December 12th, 2022 [December 12th, 2022]
- Virtual Reality - reddit - November 16th, 2022 [November 16th, 2022]
- The Future Of Virtual Reality (VR) - Forbes - November 16th, 2022 [November 16th, 2022]
- Virtual Reality (VR) For Professional Workflows | NVIDIA - October 28th, 2022 [October 28th, 2022]
- Virtual reality in fiction - Wikipedia - October 28th, 2022 [October 28th, 2022]
- Meta will release a new consumer-grade VR headset next year - TechCrunch - October 28th, 2022 [October 28th, 2022]
- Virtual Reality [VR] Market Size & Share | Forecast Report, 2029 - October 25th, 2022 [October 25th, 2022]
- Virtual Reality in the Healthcare Industry - VISUALISE - October 25th, 2022 [October 25th, 2022]
- Virtual Reality vs. Augmented Reality vs. Mixed Reality - Intel - October 25th, 2022 [October 25th, 2022]
- Applications Of Virtual Reality - Virtual Reality Society - October 25th, 2022 [October 25th, 2022]
- The Global Augmented Reality & Virtual Reality In Manufacturing Market size is expected to reach $27.9 billion by 2028, rising at a market growth... - October 25th, 2022 [October 25th, 2022]
- We Met in Virtual Reality Explores the Potential of the Metaverse - Seven Days - October 19th, 2022 [October 19th, 2022]
- What If the Metaverse Is Better Without Virtual Reality? - WIRED - October 19th, 2022 [October 19th, 2022]
- XRHealth and HTC Introduce The First Distraction Therapy Virtual Reality Platform to Improve Patient Experience During Painful or Anxiety Provoking... - October 19th, 2022 [October 19th, 2022]
- Department of Corrections Introduces Virtual Reality Technology to Augment Programming for Incarcerated Parents and Their Children - Pennsylvania... - October 19th, 2022 [October 19th, 2022]
- Arden Bendler Browning conquers virtual reality, Luve More LC + Thinkers Makers Society, and opportunity - theartblog.org - October 19th, 2022 [October 19th, 2022]
- How Virtual or Augmented Reality Can Help Your Packaging Line - Packaging Digest - October 19th, 2022 [October 19th, 2022]
- A marriage of virtual reality and physical therapy: Immergo Labs emerges from its UCSC roots - Lookout Santa Cruz - October 19th, 2022 [October 19th, 2022]
- Senior living residents explore the world through virtual reality - Rocky Mountain PBS - October 19th, 2022 [October 19th, 2022]
- Orthopedic Residency Program and PrecisionOS Team up For Exclusive 3-Year Collaboration: Virtual Reality Development and Curriculum Integration - PR... - October 19th, 2022 [October 19th, 2022]
- 6 Insightful Construction XR Cases to Read in 2022 - XR Today - October 19th, 2022 [October 19th, 2022]
- Video footage emerges from an MMA event that put virtual reality users into the thick of the fighting action - Yahoo News - October 19th, 2022 [October 19th, 2022]
- Carmack: Theres a bunch that Im grumpy about in virtual reality - Ars Technica - October 19th, 2022 [October 19th, 2022]
- The Peripheral Co-Creator on the Shows Line Between Reality & Virtual Reality - TV Insider - October 19th, 2022 [October 19th, 2022]
- Clarkson's Dr. Dana Barry Gave a Presentation at International Conference in Italy - Clarkson University News - October 19th, 2022 [October 19th, 2022]
- Apple VR glove with finger- and hand-tracking patent hints at companion accessories for the "Reality Pro" headset - Notebookcheck.net - October 19th, 2022 [October 19th, 2022]
- Virtual reality spectacle of 2010 sockeye run returns to Shuswap Salmon Arm Observer - Salmon Arm Observer - October 19th, 2022 [October 19th, 2022]
- The virtual reality push brings together Microsoft, Meta and the art of war - Stuff - October 19th, 2022 [October 19th, 2022]
- What Is Virtual Reality All About? - Oculus VR - September 20th, 2022 [September 20th, 2022]
- What Is Virtual Reality? | Tech & Learning - September 20th, 2022 [September 20th, 2022]
- 10 Advantages And Disadvantages Of Virtual Reality (2022) - September 20th, 2022 [September 20th, 2022]
- Insights on the Tactile Virtual Reality Global Market Research Report to 2027 - Growing Advancements in Virtual Reality Products & Rising... - September 20th, 2022 [September 20th, 2022]
- Each guest experience will be different: VR and the future of theme parks - The Guardian - September 20th, 2022 [September 20th, 2022]
- Get your own personal holodeck with the HP Reverb G2 VR headset, now over $100 off at Amazon - Space.com - September 20th, 2022 [September 20th, 2022]
- Highway workers got a dose of virtual reality to help keep them safe - WVXU - September 20th, 2022 [September 20th, 2022]
- IDC Tracker Sees a Long Road Ahead for Augmented Reality Headsets - Business Wire - September 20th, 2022 [September 20th, 2022]
- Anti-virtual reality note included with Northeastern explosive package - GBH News - September 20th, 2022 [September 20th, 2022]
- Virtual Reality (VR) Headset Market Projected to Hit USD 57.65 Billion at a 28.50% CAGR by 2030 - Report by Market Research Future (MRFR) -... - September 20th, 2022 [September 20th, 2022]
- Perspectus and The University of Charleston Offer Next Generation Virtual Reality Education Lab - Business Wire - September 20th, 2022 [September 20th, 2022]
- Virtual reality: Veteran on virtual trips around the world - VA News - Veterans Affairs (.gov) - September 20th, 2022 [September 20th, 2022]
- Malden Dancer Part Of Upcoming Augmented Reality Dance Project - Patch - September 20th, 2022 [September 20th, 2022]
- Cognitive load, fatigue and aversive simulator symptoms but not manipulated zeitgebers affect duration perception in virtual reality | Scientific... - September 20th, 2022 [September 20th, 2022]
- The Joys and Horrors of Virtual Reality in Anime - Otaku USA Magazine - September 20th, 2022 [September 20th, 2022]
- Robot skull measures VR and AR headsets from any angle - MIXED Reality News - September 20th, 2022 [September 20th, 2022]
- Why VR could be the new dawn of pain, anxiety management - MedCity News - September 20th, 2022 [September 20th, 2022]
- Disney Releases First AR Short Film; Is Virtual Reality the Future of Streaming at Disney+? - The Streamable - September 20th, 2022 [September 20th, 2022]
- virtual reality gaming (VR gaming) - WhatIs.com - September 2nd, 2022 [September 2nd, 2022]
- Worlds Most Immersive Virtual Reality Experience, Sandbox VR, is Coming Soon to Park Meadows - Yahoo Finance - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality Becomes Actual Reality for Title I Schools Across the Nation - PR Newswire - September 2nd, 2022 [September 2nd, 2022]
- Why is VR so important to the metaverse? - Verdict - September 2nd, 2022 [September 2nd, 2022]
- Worldwide Virtual Reality in Gaming Industry to 2027 - Rising Research Activities in the Field of VR is Driving Growth - Yahoo Finance - September 2nd, 2022 [September 2nd, 2022]
- Clocking In at the Virtual Reality Kmart - WIRED - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality Market to Register Impressive Expansion of - GlobeNewswire - September 2nd, 2022 [September 2nd, 2022]
- Welcome to the iDome: Concept offers virtual-reality riding therapy without a headset - Horsetalk - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality for Diversity and Inclusion - ATD - September 2nd, 2022 [September 2nd, 2022]
- Meta's 'Project Cambria' Virtual Reality Product to Launch This Fall - The National Interest Online - September 2nd, 2022 [September 2nd, 2022]
- Could virtual reality be the future of poultry health? - Food Safety News - September 2nd, 2022 [September 2nd, 2022]
- Virtual Reality: Taking the Online Dating Game to New Heights - TechSpective - September 2nd, 2022 [September 2nd, 2022]
- POSITIVE VIBES: The positive vibes of virtual reality - Finger Lakes Times - September 2nd, 2022 [September 2nd, 2022]
- Planning Commission to hear request for virtual reality arcade in downtown Carson City - Carson Now - September 2nd, 2022 [September 2nd, 2022]
- The Impact of Augmented Reality on the Gaming Industry in India - GLYFE Nation - September 2nd, 2022 [September 2nd, 2022]
- Oshkosh PD: Virtual reality simulator is proving to be a useful tool - WGBA NBC 26 in Green Bay - September 2nd, 2022 [September 2nd, 2022]