Market Herald logo


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
ClearVue Technologies (ASX:CPV) - Non Executive Director, John Downes

" ClearVue Technologies (ASX:CPV) appoints LendLease’s John Downes to board

Smart building materials company ClearVue Technologies (CPV) has appointed LendLease’s (LLC) John Downes as Non-Executive Director.
ELMO Software (ASX:ELO) - CEO, Danny Lessem

" ELMO Software (ASX:ELO) launches new COVID-19 tracking module

ELMO Software (ELO) has launched a new module, enabling businesses to track employee’s COVID-19 vaccination and test status.

" Vection Technologies (ASX:VR1) launches upgraded virtual reality design tool

Vection Technologies (VR1) shares are trading in the green after launching an upgrade to its virtual reality design application MinDesk.
Damstra (ASX:DTC) - Chairman, Johannes Risseeuw

" Damstra (ASX:DTC) completes $18m TIKS Solutions buy

Damstra (DTC) has completed the acquisition of software-as-a-service (SaaS) business TIKS Solutions.