- Real-time software company Vection Technologies (VR1) has partnered with Storm FX to sell its products in Australia and New Zealand
- Storm FX will rollout Vection’s real-time products, including the flagship FrameS and Mindesk software, across Australian and New Zealand shores
- This is the first time the products will be made available in Australia, and follows hot on the heels of a significant take-up across Europe
- Because of its ability to provide exposure to over 30 vendor partners and 300 different companies, Vection considers Storm FX the perfect partner for the job
- On market close, Vection remains steady and is selling shares for 1.9 cents each
Real-time software company Vection Technologies (VR1) has partnered with Storm FX to sell its products in Australia and New Zealand.
Under the first Australian partnership and distribution agreement, Storm FX will rollout Vection’s real-time software products, including the flagship FrameS and Mindesk software, across Australian shores.
Vection’s FrameS tech allows users to collaborate on 3D projects with the help of Virtual Reality (VR), while Mindesk helps creators modify, work together on and develop their Computer Aided Designs (CADs) with VR.
Storm FX is one of the leading providers of 3D, virtual reality, augmented reality and mixed reality solutions across Australia and New Zealand.
This is the first time the products will be made available in Australia, and follows hot on the heels of a significant take-up across Europe.
Throughout the commercial rollout, both companies will target the oil and gas, mining, architecture, engineering and construction (AEC), manufacturing, and automotive design industries.
Vection says Storm FX is the perfect partner for the job, as it provides exposure to over 30 vendor partners and engages with over 300 companies across the media and entertainment, education and AEC industries.
“We are excited to welcome Vection Technologies to our family, and we believe its real-time software product suite will be an excellent addition to our portfolio,” Storm FX Managing Director Martin Leibowitz said.
Over the past 12 months, Vection has added 40 commercial partners globally, which has strengthened its sales.
Looking beyond Australia and New Zealand, the company considers this new partnership will help it speed up the commercialisation of its business throughout the Asia Pacific region.
And while the financial impact of such a partnership is yet to be seen, Vection believes the end result will be substantial. Not only does the distribution agreement line Vection up for new sales, but it also provides significant exposure to the Aussie commercial market.
Vection Managing Director Gianmarco Biagi said he is pleased with the new partnership.
“By appointing commercial partners within specific geographies, the company can better service local demand and generate growth via the delivery of its real-time software product suite,” he told the market.
On market close, Vection remains steady and is selling shares for 1.9 cents each.