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Vection Technologies (ASX:VR1) announces VR partnership with MUNER

Technology
ASX:VR1      MCAP $25.91M
17 March 2020 12:11 (AEST)

Vection Technologies (VR1) is set to partner with the Motorvehicle University of Emilia Romagna (MUNER) in Bologna, Italy.

Early-stage collaborations with the university were initiated in December last year, putting in place the stepping stones for an agreement that formally introduces Vection’s virtual and augmented reality solutions to MUNER’s engineering courses.

As a result of the partnership, Vection will integrate its FrameS and Mindesk services with the MUNER curriculum throughout 2020.

FrameS is a digital collaboration platform designed to be used across several operations, including design review, sales development, training, logistics and safety in many industries.

Alternatively, Vection’s Mindesk technology is a real-time 3D design program that allows users to craft their projects using virtual reality.

Gianmarco Biagi, Managing Director of Vection Technologies, is pleased with the partnership’s progress.

“We are very pleased to have progressed the initial collaboration with MUNER into a formal partnership which will enable students to adopt real-time technologies such as FrameS and Mindesk in a very short time frame,” Gianmarco remarked.

“At Vection Technologies, we believe real-time technologies such as virtual and augmented reality have the potential to accelerate remote collaboration while maintaining learning productivity,” he said.

MUNER is dedicated to connecting modern universities with some of the automotive industry’s most prolific companies. Offering a pipeline from study to the workforce, some of MUNER’s associated businesses include Automobili Lamborghini, Ducati, Ferrari and Maserati.

Francesco Leali, a Professor at MUNER, says the integration of these new, cutting-edge technologies is an important factor in maintaining an effective industry.

“It is paramount for our students to learn to operate with these technologies before entering the workforce to drive their companies into the future,” Francesco added.

Given its presence in the heavily affected European region, Vection also commented on the COVID-19 outbreak in today’s announcement.

The company says its activities are progressing strongly despite the public health emergency, partly driven by its remote operational abilities.

In the wake of the news, Vection Technologies shares have remained steady for 1.8 cents apiece at 11:51 am AEDT.

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