Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Vection Technologies (VR1) has officially launched the FrameS virtual design product in Europe
  • The product is a virtual reality design tool created to cut the time and cost of the design process
  • The tech puts users in a virtual design world where prototypes can be made and altered in real-time
  • Early next year Vection plans to launch the software in the U.S., Canada, and the Asia Pacific region
  • Vection’s shares are up a healthy 13.64 per cent today. and trading for 2.5 cents each

Vection Technologies has officially launched its FrameS virtual reality software across Europe.

The launch has been a focal point for the company since it stepped into the world of virtual reality (VR) and augmented reality (AR) in April. Back then, the company was called ServTech.

With ServTech’s grab for Italian software developer Vection came a client list with some important names like Lamborghini, Maserati, and Fendi.

Now, the company has taken the name of this tech subsidiary and activated a firmly established European distribution network with the launch of FrameS.

This network of nine partners includes Gruppo Infor, FourBytes, and Altea Federation.

While the official media launch event for FrameS is planned for December 11, the software is now available for subscription for around $290 per month for the basic version and $490 per month for the enhanced edition.

FrameS is a virtual design tool. It allows designers to create, model, and prototype products in real-time, all through a digital world. Using tech like the HTC Vive and the Oculus Rift, creators are just a headset away from a hyper-realistic design space and around-the-world collaboration.

This cuts down design times and costs and eliminates the need for factory prototyping.

Vection Managing Director Gianmarco Biagi said the product has applications in myriad industries.

“FrameS users have access to a virtual collaborative workspace, regardless of geographical locations, significantly decreasing products’ time to market, crucial to satisfy today’s market demand,” Gianmarco explained.

From luxury vehicle design to industrial safety training to real estate, FrameS can be used to suit client needs in almost any situation.

The tech has recently been altered for integration into the Rhinoceros Computer-Aided Design (CAD) program. This means someone can create a 3D model in Rhinoceros, and within minutes transfer it into FrameS, pop on a headset, and walk around in a virtual version of their new creation.

The first three months of 2020 are set to see FrameS launched in the U.S., Canada, and the Asia Pacific region.

With today’s launch, Vection’s shares are up a healthy 13.64 per cent and trading for 2.5 cents each. Vection’s market cap is valued at $14.46 million.

VR1 by the numbers
More From The Market Herald

" Security Matters (ASX:SMX) looks at listing on the NASDAQ

Security Matters (ASX:SMX) is looking to list on the Nasdaq in the US as it seeks…
Codan (ASX:CDA)- CEO, Donald McGurk

" Codan (ASX:CDA) wins US$10M contract from African Govt.

Codan's (ASX:CDA) communications division has won a US$10 million (approximately A$13 million) contract with a large…
Codan (ASX:CDA) - CEO, Donald McGurk

" Codan (ASX:CDA) acquires Domo Tactical Communications

Codan (CDA) has entered into an agreement to acquire U.S.-based Domo Tactical Communications (DTC).
Codan (ASX:CDA) - Incoming managing Director & CEO, Alf Ianniello

" Codan (ASX:CDA) appoints new Managing Director and CEO

Codan (ASX:CDA) appoints Alf Ianniello as its new Managing Director and Chief Executive Officer.