VECTION TECHNOLOGIES LTD — Capital/Financing Update 2019

Nov 13, 2019

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ASX RELEASE

Vection’s technology to roll-out across the Scandinavian Market

14 November 2019 | Perth, Australia

ServTech Global Holdings Ltd (ASX:SVT) (to be renamed Vection Technologies Ltd) ( ServTech or the Company ), a multinational software company that creates 3D, Virtual Reality ( VR ) and Augmented Reality ( AR ) solutions, has entered into a software distribution agreement with Scandinavian product lifecycle management ( PLM ) and product data management ( PDM ) specialist Fulvisol Oy ( Fulvisol ).

Highlights

• Scandinavian market launch

• Vection signs with Fulvisol – Scandinavian product lifecycle management & product data management specialist

• Agreement aligned with ServTech’s international expansion strategy

• Nine distribution agreements completed to date, providing a strong sales network anticipating the launch of FrameS at the end of November 2019

• Another milestone achieved by Vection, prior to the name change at the coming AGM

International Expansion Strategy

The agreement with Fulvisol enables Vection to deliver transformative software solutions aligned with Industry 4.0 to Northern European companies.

Fulvisol joins Vection’s growing European value-added reseller network, now consisting of 9 distributors.

Vection has established a significant network of value-added-resellers and distributors in anticipation of the Company’s FrameS VR SaaS platform launch at the end of November 2019.

About Fulvisol (www.fulvisol.com/en/)

Fulvisol is a Scandinavian PLM and PDM specialist deploying software solutions to leading international clients in the services, manufacturing and consumer industries for over two decades.

Based in Finland, Fulvisol has clients across Finland, Norway, Lithuania and the United States, with client personnel ranging in size from 20 to 15,000 people.

Aligned with its internal strategy, Fulvisol will commence commercialising Vection’s FrameS to its customer base focussing on the R&D, product design and manufacturing functions, enabling its clients to accelerate the adoption of solutions to enter the digitalization era.

Fulvisol geographical presence and integration expertise in CAD technologies such as SolidWorks, Solid Edge, ThinkDesign, Inventor, AutoCAD, AutoCAD Mechanical, Creo and Catia make it an important strategic distributor for Vection.

Gianmarco Biagi, Managing Director of ServTech, commented:

“Fulvisol will be a key partner in Vection’s expansion into Northern Europe. We anticipate the commercial launch of FrameS at the end of November 2019. Aligned with our strategy, we will now focus on expanding Vection’s valueadded reseller network in Canada/US and Asia Pacific.”

“We look forward to sharing our progress and success as we roll-out our growth strategy.”

Petri Surakka, CEO of Fulvisol, commented:

“FrameS is a cutting-edge Virtual Reality software revolutionising manufacturing processes aligned with Industry 4.0 trends.”

“We are very excited with this partnership and look forward to the commercial launch of FrameS toward the end of November 2019.”

For media enquiries: Gianmarco Orgnoni Director & COO Henry Kinstlinger +61 8 6380 2555 +61 2 9251 7177 gorgnoni@torgcapital.com ServTech@mmrcorporate.com

For more information:

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About ServTech (ASX:SVT):

ServTech (to be renamed Vection Technologies Ltd) is a multinational software company that makes 3D, Virtual Reality (VR) & Augmented Reality (AR) software services for the engineering, manufacturing, architecture, construction & education industries. ServTech operates on an Enterprise business model based on bespoke fees and on a Software as a Service (SaaS) business model based on recurring subscription revenue.

www.vection.com.au

About FrameS:

FrameS is a virtual reality visualisation software, assisting industries from architecture, engineering and manufacturing to fashion and retail, in creating VR visualisations prior to execution, saving both time and cost for producers, manufacturers and customers. VR visualisation improves the manufacturing process by keeping up with design changes and evolving ideas. Engineers and production teams work together to customise and realise concepts at any scale, and iterate faster on designs. Today, customers are accustomed to seeing final designs at early stages. VR visualisation provides the ability to showcase designs, layout, lighting, texture, and even geography, prior to development.

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