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Vection Technologies (ASX:VR1) releases Mindesk interface at world’s biggest tech event
Source: Vection
  • Real-time software company Vection Technologies (VR1) will launch its new Mindesk release at the most influential tech event in the world, the CES 2021
  • The new technology is an augmented and mixed reality (XR) interface for Computer Aided Design (CAD) software
  • Essentially, it allows engineers and designers to expand their 2D monitor into the surrounding space in XR
  • This means users can place a virtual hologram of their model next to their PC workstation — a tool which can be used in fields such as car manufacturing
  • On the market this morning, Vection is up 3.70 per cent and trading at 14 cents per share

Vection Technologies (VR1) will launch its latest Mindesk release at the most influential tech event in the world, the CES 2021.

The CES symposium is where the biggest names of the tech industry share their latest ideas and innovations. The event will take place from January 11 to the 14th.

Vection's new technology is an augmented and mixed reality (XR) interface for Computer Aided Design (CAD) software. Mindesk allows the use of CAD software in a virtual reality environment, meaning there is no need for programming skills or lengthy export and configuration processes.

Essentially, Mindesk will allow engineers and designers to expand their 2D monitor into the surrounding space in XR. As a result, users can place a virtual hologram of their model next to their PC workstation.

For example, Mindesk can be used in the automotive industry to model a 3D car directly in XR, allowing for faster design iterations and cutting the time it takes to reach the market.

This latest release marks a significant milestone for Vection.

"We are pleased to participate in the world’s biggest annual consumer electronics show, the CES 2021, presenting the breakthrough integration of XR in the Vection Technologies’ Mindesk software, a pivotal advancement of the company’s strategy around disruptive tools for design and engineering," Managing Director Gianmarco Biagi said.

"As the company progresses its global growth strategy, it continuously strives to develop disruptive technologies to cement a unique software suite, generating value for all stakeholders, toward wider product adoption in a fast-paced, high-growth market segment," he added.

On the market this morning, Vection is up 3.7 per cent and trading at 14 cents per share at 10:27 am AEDT.


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