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Vection Technologies (ASX:VR1) unveils new filmmaking solution

ASX News, Technology
ASX:VR1      MCAP $29.29M
02 May 2022 17:00 (AEST)

Example of a Virtual Production on the set of Star Wars: The Mandalorian Source: Vection Technologies

Vection Technologies (VR1) has unveiled its latest creation, the VRONE V-Pro.

The VRONE V-Pro is an integrated appliance layer for virtual production in the filmmaking industry.

Compared to traditional green screen setups, V-Pro enables on-the-go digital environments alterations and real-time interactions of actors and environments. The objective of V-Pro is to enable high quality productions at reduced budgets and time, while maximising safety.  

The solution has been developed in partnership with LunoStudios and was tested with the largest LED wall in Europe, at the request of DELL Technologies.  

“The collaboration with LunoStudios, and their team of global renowned professionals in filmmaking services, has delivered a disruptive virtual production solution,” Jacopo Merli, CEO of JMC Group, a Vection Technologies’ offshoot, said.

“This innovation is geographically scalable and has the potential to be deployed beyond traditional filmmaking.”

“We intend to strengthen the partnership with Max and the LunoStudios team to bring to market a state-of-the-art turn-key solution.”

Mostly recently, V-Pro has been used in popular Disney+ shows like The Mandalorian and Loki, and in Paramount+ show Star Trek: Discovery.

Vection and LunoStudios are now in discussions for a long-term commercial partnership to create a recurring service revenue stream deriving from the VRONE Virtual Production set-up.

Vection Technologies has ended the day 2.50 per cent in the red to trade at 7.8 cents.

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