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- Vection Technologies (VR1) has signed a memorandum of understanding with Cisco Italy for a virtual and augmented reality (XR) collaboration
- Cisco Italy is a wholly-owned subsidiary of Cisco Systems, which was founded in 1984 to find an easier way to connect different types of computer systems
- Both companies will work together to integrate Vection’s XR technologies and Cisco’s collaboration platforms to create the latest innovation for collaborative workflows
- It will be deployed to customers in the industrial, retail and education sectors and change that way how people interact either in person or in virtual reality
- Shares in Vection are steady on the market and are currently trading at 12 cents
Vection Technologies (VR1) has signed a memorandum of understanding with Cisco Italy for a virtual and augmented reality (XR) collaboration.
Cisco Italy is a wholly-owned subsidiary of Cisco Systems, which was founded in 1984 to find an easier way to connect different types of computer systems.
Its solutions are used in small-to-medium businesses, service providers, educational institutions, and government agencies.
This agreement will allow both companies to work to together, integrating Vection’s XR technologies and Cisco’s collaboration platforms to create the latest innovation for collaborative workflows.
It will change the way people interact and experience things remotely via 3D, XR, and face to face interaction.
The innovation will initially be deployed to customers in the industrial, retail and education sectors.
“This agreement with Cisco Italy represents a significant opportunity for the company to unlock novel ways to collaborate, bringing together Cisco’s collaboration platforms with Vection’s innovative XR solutions,” Managing Director Gianmarco Biagi said.
“The development is this integration further reinforces the company’s strategy across XR collaboration while providing for a strong commercial opportunity during 2021,” he added.
Shares in Vection are steady on the market and are trading at 12 cents at 12:36 pm AEDT.
