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NEXR TECHNOLOGIES SE

(NXR)
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PRESS RELEASE: NeXR Technologies SE and JOHN REED Fitness launch trial of AvatarCloud training app at Berlin's Fitness Music Club Prenzlauer Berg

09/01/2021 | 01:31am EDT

DGAP-News: NEXR Technologies SE / Key word(s): Product Launch/Alliance NeXR Technologies SE and JOHN REED Fitness launch trial of AvatarCloud training app at Berlin's Fitness Music Club Prenzlauer Berg 2021-09-01 / 07:30 The issuer is solely responsible for the content of this announcement.

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NeXR Technologies SE and JOHN REED Fitness launch trial of AvatarCloud training app at Berlin's Fitness Music Club Prenzlauer Berg Berlin, 01 September 2021

NeXR Technologies SE (XETRA: NXR) is implementing the next steps of its cooperation with RSG Group GmbH, the world's number 1 fitness company.

Back in February, NeXR announced its cooperation with the internationally operating group, which also owns the JOHN REED Fitness Music Clubs. The first body scanner from NexR is now in the Berlin Fitness Music Club in Prenzlauer Allee to offer its members an additional added value for their training routine as part of a pilot project. Launched on 19 June of this year, members of the fitness studio chain have been able to have themselves scanned with the help of the Fusion III body scanner developed by NeXR in order to have their personal avatar created with their exact body measurements. Since the start of the test project, 1,500 avatars have already been created. As of 03 September, a second scanner will be available at JOHN REED Fitness Berlin Gesundbrunnen.

The AvatarCloud app, which was developed in parallel, is available in the Apple AppStore and Google Play. The app is used to visualise and track training progress on one's own avatar and to perform further body scans. In addition to personal body measurements, the launch of the service displays BMR (basale metabolic rate) and body fat percentage as well as 20 other different parameters. Thanks to the body analysis, JOHN REED members can train in a more targeted and efficient way and thus have more fun. In the medium term, the generated avatars will be used in various applications in the areas of fashion, health and games. The use of the body scanner is free of charge for JOHN REED members.

Markus Peuler, Managing Director of NeXR Technologies SE: "The start of the pilot project in the JOHN REED clubs marks a decisive milestone for NeXR in a stringent product strategy in the current business year. A nationwide roll-out of further scanners is intended with the successful completion of the pilot project. This confirms our announcement that after a year of product development, we are now increasingly penetrating our target markets of fitness and fashion and, together with our partners, are building up a comprehensive network of 3D body scanners. This way, in the not too distant future, everyone will be able to get their digital twin and use it for a wide variety of applications in daily life."

For more information on AvatarCloud, please visit: avatar.cloud/de/ About NeXR Technologies

NeXR Technologies SE from Berlin (XETRA: NXR) is a listed technology company with a focus on virtual reality applications. The core of the company consists of personalized, digital avatars that support users in performing everyday tasks more efficiently. These include the visualization of training successes on one's own avatar (NeXR Fitness), the virtual fitting of clothing (NeXR Fashion) or the participation in and the design of virtual live events (NeXR Show) and remote presentations (NeXR Seminar). NeXR Technologies has core competencies in 3D scanner development, motion capture, virtual reality, virtual production as well as deep understanding in gaming and data-based business models. Based on two self-developed multi-user and multi-purpose platforms, NeXR Technologies offers products and solutions for numerous user industries. NeXR Technologies SE is listed in the General Standard of the Frankfurt Stock Exchange. For further information please contact: NeXR Technologies SE Lydia Herrmann Investor Relations Charlottenstraße 4 10969 Berlin Deutschland

l.herrmann@nexr-technologies.com www.nexr-technologies.com

Telefon: +49 (0) 30 403 680 14-3 Fax: +49 (0) 30 403 680 14-1

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2021-09-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      NEXR Technologies SE 
              Charlottenstraße 4 
              10969 Berlin 
              Germany 
Phone:        +49 (0) 30 403 680 143 
Fax:          +49 (0) 30 403 680 141 
E-mail:       l.herrmann@nexr-technologies.com 
Internet:     www.nexr-technologies.com 
ISIN:         DE000A1K03W5 
WKN:          A1K03W 
Listed:       Regulated Market in Berlin, Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1230103 
 
End of News   DGAP News Service 
=------------ 

1230103 2021-09-01

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1230103&application_name=news

(END) Dow Jones Newswires

September 01, 2021 01:30 ET (05:30 GMT)

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Financials
Sales 2021 2,01 M 2,34 M 2,34 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 10,9 M 12,7 M 12,7 M
Capi. / Sales 2021 5,41x
Capi. / Sales 2022 1,40x
Nbr of Employees 62
Free-Float 28,2%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 2,64 €
Average target price 9,80 €
Spread / Average Target 271%
Managers and Directors
Markus Peuler Managing Director
Erdal Kurtyener Chief Financial Officer
Rolf Elgeti Chairman-Supervisory Board
Klemens Skibicki Member-Supervisory Board
Achim Betz Deputy Chairman-Supervisory Board
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