VECTION TECHNOLOGIES LTD — Capital/Financing Update 2019

Oct 16, 2019

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ASX RELEASE

Vection Completes VR CAD Integration for Rhinoceros© Other leading CAD software integrations to follow

17 October 2019 | Perth, Australia

ServTech Global Holdings Ltd (ASX:SVT) ( ServTech or the Company ), a multinational software company that creates Virtual Reality ( VR ) and Augmented Reality ( AR ) solutions, is pleased to announce the completion of a plug-in integration enabling all Rhinoceros ( Rhino ) users to seamlessly upload their 3D Computer-Aided Design ( CAD ) models directly into ServTech’s Immersive VR Design Platform ‘FrameS’ .

The Rhino plug-in anticipates the commercial launch of FrameS set for November 2019.

Highlights

• Completion of FrameS virtual reality CAD plug-in, enabling all Rhino users to easily upload their 3D CAD models directly into FrameS

• Rhino is a CAD software with an estimated 1.5m paying users

• Rhino is developed by McNeel & Associates, a US based software company with more than 700 resellers, distributors, OEMs, and training centres around the world

• FrameS CAD plug-in for Rhino marks the first milestone in affirming FrameS as a reference VR platform for CAD users globally

• FrameS CAD plug-in for Rhino anticipates the commercial launch of VR immersive design software “FrameS” set for November 2019

• FrameS Development Roadmap includes integration into all globally significant CAD platforms including SolidWorks, AutoCAD, Siemens NX and Altium Designer

FrameS CAD plug-in for Rhino

The FrameS CAD plug-in for Rhino enables to push an existing 3D model on Rhino to FrameS, without leaving the application or dealing with cumbersome format conversions when saving the file.

This plug-in establishes FrameS’ VR technology as a high performing tool for technical procedures where speed and accuracy are paramount. Seamless integration into CAD software will be a significant funnel in driving user uptake when FrameS launches in November 2019.

The technology enables multiple Rhino CAD workstations to push individual 3D models simultaneously to a single FrameS instance, intuitively aggregating individual components originating from individual sources and improving collaborative product development procedures on both Rhino and FrameS VR sessions.

The FrameS CAD plug-in for Rhino, marks the first milestone in affirming FrameS as a reference VR platform for CAD users globally.

Commercialisation Opportunity

The Company expects to publish the FrameS plug-in for Rhino on Rhino’s app store (food4rhino.com) in the coming weeks, anticipating the commercial launch of FrameS in November 2019.

In collaboration with the Company, Rhino will also announce the FrameS plug-in on their blog, which will be showcased on the start-up splash screen on all Rhino interfaces globally for a limited period, giving further visibility and commercial opportunities to FrameS.

FrameS CAD plug-in for Rhino - Technology overview

Please click here to see the solution in a short video:

https://www.youtube.com/watch?v=yjewwVEiZtM&feature=youtu.be

Further explanation can be found below:

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Figure 1:

Airplane 3D model on Rhino CAD software, with FrameS VR desktop view in the background.

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Figure 2:

Direct integration with FrameS: airplane model is now viewed in virtual reality, without leaving the application or dealing with cumbersome format conversions when saving the file.

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Figure 3:

FrameS enables all users to interact in real-time with the airplane, by:

• Viewing the airplane in real dimensions;

• Attributing different materials and colours;

• Collaborating with colleagues and stakeholders;

• Altering the dimensions of the airplane; and

• Many more.

CAD Plug-In Development

The Company continues to progress development of FrameS integrations into established, global CAD software such as:

• Dassault Systèmes SolidWorks

• Autodesk’s AutoCAD

• Siemens NX

• Altium Designer

These initiatives will allow FrameS to access a mature and significant industry with millions of existing users online, providing an immediate pathway to building a large SaaS user base and community.

Gianmarco Biagi, Managing Director of ServTech, commented:

“The conclusion of the development of the FrameS plug-in for Rhino, is another key milestone achieved by the Company in 2019, marking the first step in the virtual reality CAD plug-in roadmap. Rhino is one of the world’s leading CAD software and is expected to provide significant visibility to FrameS and the Company. We look forward to update the market on further developments.”

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

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About ServTech (ASX:SVT):

ServTech is a multinational software company that makes 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.

About Rhino:

Rhino provides the tools to model, document, and prepare designs for, rendering, animation, drafting, engineering, analysis, and manufacturing. Rhino can create, edit, analyse, document, render, animate, and translate NURBS curves, surfaces, and solids with no limits on complexity, degree, or size.

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