Vection Technologies (ASX:VR1) - Managing Director, Gianmarco Biagi
Managing Director, Gianmarco Biagi
Source: Confindustria Emilia
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  • Real-time software company Vection Technologies (VR1) has signed a pilot agreement with Italian tomato brand Mutti for its augmented reality (AR) solution Trainer Creator
  • Trainer Creator allows machine operators and technicians to visualise task-specific information by AR wearable or a smart device
  • Mutti represents a significant first use case in the agrifood industry for the Trainer Creator software solution
  • On the market this afternoon, Vection is up 4.35 per cent and trading at 12 cents each

Vection Technologies (VR1) has signed a pilot agreement with agri-food processing leader Mutti for its augmented reality (AR) solution Trainer Creator.

Mutti is an Italian tomato brand and brought in €378 million (around A$610 million) in revenue for 2019.

Trainer Creator allows machine operators and technicians to visualise task-specific information applied on the machine, via an AR wearable or a smart device, making the brand’s operations more efficient and cost-effective.

The AR solution will be deployed in the first of forty production lines operated by Mutti, with revenue from the deal valued at around $50,000.

Vection says Mutti represents a significant first-use case in the agrifood industry for the Trainer Creator software solution.

“During the last six months, we have been experiencing a strong market interest for our augmented reality solutions and products, since the launch of Trainer Creator,” Managing Director Gianmarco Biagi said.

“Mutti represents a key client in a new vertical and a strong opportunity for further growth for the company, leading into 2021,” he added.

In June, the company launched Trainer Creator, with V-Shapes signing on as its first client.

On the market this afternoon, Vection is up 4.35 per cent and trading at 12 cents each at 12:49 pm AEDT.

VR1 by the numbers
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