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- Vection Technologies has received expressions of interest (EOI) to the value of over A$1 million following its recent expansion into Europe
- Over a quarter of these are for Vection’s AR technology, and a further two-thirds are for the company’s FrameS and In-Store Fashion Configurator technology respectively
- The company is also in talks with Tier1 partners to introduce Vection’s
technology offering to the conglomerate’s suite of products - To support the official launch of FrameS, Vection is set to host a media event in Italy on 11th December 2019
- Shares in Vection (formerly known as Servtech Global) fell four per cent today to 2.4 cents each
Vection Technologies has received expressions of interest (EOI) to the value of over A$1 million following its recent expansion into Europe.
The news follows Vection’s European launch of its proprietary FrameS technology, a collaborative design platform based on 3D and VR solutions.
Since the launch last week, Vection has seen a strong trajectory of growth across its global EOIs.
Over a quarter of these are for Vection’s AR technology, and a further two-thirds are for the company’s FrameS and In-Store Fashion Configurator technology respectively.
As a result, Vection is confident it will continue to drive strong customer adoption and revenue growth across its product suite over the coming months.
Technology talks
The company is also in talks with Tier1 partners to introduce Vection’s
technology offering to the conglomerate’s suite of products.
If successful, this has the capability of opening doors to future collaborations with revolutionary 3D, VR & AR technology players. According to Vection, these partnerships could generate a significant revenue increase during the calendar year 2020.
“The rapid interest generated by the FrameS launch, is a strong endorsement of the validity of our technological suite across key sectors,” said Vection Managing Director Gianmarco Biagi.
“It demonstrates the company’s commitment to deliver on its growth strategy focused on revenue generation growth and key technological partnerships across the 3D, VR & AR technology sector,” Gianmarco continued.
“Vection remains completely committed to deliver on its goal to become a leading 3D, VR & AR global technology company,” he concluded.
The launch party
To support the official launch of FrameS, Vection is set to host a media event on December 11 2019.
The launch party will take place at the world-renowned motor valley in Bologna, Italy. It’s set to entice global players in the automotive, mechanical and packaging industries, as well as industry leaders like Coesia.
For those who can’t make it halfway across the world, Vection has promised to Livestream the event on the company YouTube channel. Those wanting to tune in can do so from 4:30 pm Central European Time (CET), or 2:30 am Sydney Time (AEDT).
Shares in Vection (formerly known as Servtech Global) fell four per cent today to 2.4 cents each at 2:11 pm AEDT.
