Market Herald logo


Be the first with the news that moves the market
  • ServTech Global will launch its FrameS virtual reality design software in Europe next month
  • The technology allows designers to create products in a virtual world — cutting out the need for physical prototypes
  • Big names like Gucci, Ferrari, Maserati, and Duracell have already come on board for the FrameS software
  • The European launch of the tech is supported by recent contracts locked in with Gruppo Infor, FourBytes, and Altea
  • ServTech shares are down 7.14 per cent, currently worth 1.3 cents each

Virtual and augmented reality company ServTech Global is primed to launch its FrameS design platform in Europe next month.

The company has already locked in major distribution contracts with the likes of Gruppo Infor, FourBytes, and software giant Altea in preparation for the launch. Now, the first fruits of the company’s labour are almost ready for harvest.

ServTech announced to the Australian Securities Exchange today that the FrameS launch is set for November 2019.

The FrameS software is a design tool created to revolutionise the product development process by getting rid of the need for physical prototypes.

ServTech Managing Director Gianmarco Biagi highlighted the big names which have come on board for the FrameS tech, which include the likes of Gucci, Ferrari, Maserati, and Duracell.

“FrameS represents the future of product development and communication, enabling companies, engineers and designers to seamlessly transition from ideas to (virtual) reality, without any requirements for prototypes,” Gianmarco said.

Essentially, the software allows a user to design products in a digital world using virtual reality (VR) software.

From cars to furniture to helicopters, designers can work collaboratively in the VR world and make major changes immediately without waiting for a production facility to create prototype models.

A user can lower a car’s suspension, choose a different material, or create a new colour scheme in real time — massively reducing design costs and wait times.

ServTech said its goal is for this software to replace Autodesk technology, which is currently the core software used by some 10 million engineers worldwide. These designers are the primary target market for the FrameS.

ServTech shares are down 7.14 per cent at midday trade, currently worth 1.3 cents each in an $8.54 million market cap.

SVT by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
Envirosuite (ASX:EVS) - CEO, Jason Cooper

" Envirosuite (ASX:EVS) successfully raises $10.5m

Environmental solutions company Envirosuite (EVS) has successfully completed its institutional placement to raise $10.5 million.
Weebit Nano (ASX:WBT) - CEO, Coby Hanoch

" Weebit Nano (ASX:WBT) raises $9.9m from oversubscribed entitlement offer

Weebit Nano (WBT) has raised $9.9 million following an oversubscribed entitlement offer.
Damstra Holdings (ASX:DTC) - CEO, Christian Damstra

" Damstra (ASX:DTC) eyes $20m capital raise

Damstra (DTC) has entered a trading halt ahead of announcing an institutional placement and non-renounceable entitlement offer.