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VECTION TECHNOLOGIES LTD — Capital/Financing Update 2020
Dec 15, 2020
66017_rns_2020-12-15_91a5ffce-5d05-4409-b98d-faa37e1e6c9e.pdf
Capital/Financing Update
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16 December 2020 | Australia
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ASX RELEASE
VECTION SIGNS AGREEMENT WITH CISCO ITALY FOR XR COLLABORATION
Real-time software company Vection Technologies Ltd ( ASX:VR1 ) ( Vection Technologies , Vection or the Company ) is pleased to announce the execution of a memorandum of understanding with Cisco Italy, to integrate Cisco’s collaboration platforms with Vection’s real-time Virtual and Augmented Reality ( XR ) technologies.
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Highlights:
3D ● Vection executes agreement with Cisco Italy for XR collaboration ● Collaboration for the integration of Vection’s XR technologies with Cisco’s collaboration platforms VIRTUAL ● Vection and Cisco Italy will collaborate on identifying initial market opportunities during REALITY 2021 Overview: AUGMENTED This agreement with Cisco Systems (Italy) Srl ( Cisco or Cisco Italy ) will enable a technological REALITY collaboration for the integration of Vection’s XR technologies with Cisco’s collaboration platforms, unlocking the next frontier of collaborative workflows. INDUSTRIAL In the current global environment, distributed teams and customers around the world still face the IoT challenge of replicating the real-life experience of being in a meeting or a product presentation. Through this collaboration with Cisco Italy, Vection seeks to solve this challenge, bringing teams closer and transforming how people interact and experience things remotely via 3D, XR and face to CAD
Through this collaboration with Cisco Italy, Vection seeks to solve this challenge, bringing teams closer and transforming how people interact and experience things remotely via 3D, XR and face to face video conferencing tools, delivering novel enterprise-grade solutions to businesses globally.
Customers in a wide range of industries including education, retail and industrial will be offered a unique platform for next generation collaborative workflows keeping people engaged and happy while working.
During 2021, Vection and Cisco Italy will identify initial market opportunities to jointly bring to market these innovative solutions for collaboration.
considered material to accelerate further development of the Company’s XR platforms with a global collaboration partner, enabling significant post-development commercial opportunities during CY 2021.
Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041
Europe North America Address: Via Isonzo 61 Address: 785 Market Street, #600 40033 Casalecchio di Reno (BO), San Francisco CA 94103 Italy USA
Media Enquiries [email protected] [email protected]
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Address: 642 Newcastle Street, Leederville WA 6007 Phone: +618 6380 2555
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Gianmarco Biagi, Managing Director of Vection Technologies, commented:
ways to collaborate, bringing together Cisco’s collaboration platforms, with Vection’s innovative XR solutions. The development of this integration further reinforces the Company’s strategy across XR collaboration while providing for a strong commercial opportunity during CY 2021.”
Announcement authorised by Cisco Italy.
Vection Technologies Investor Relations Contact Details
Gianmarco Biagi - Managing Director (Europe Based) Email: [email protected] Phone: +39 051 0142248
Gianmarco Orgnoni - Director and COO (Australia Based) Email: [email protected] Phone: +61 8 6380 2555
ENDS
About Cisco:
Cisco Systems (Italy) Srl is a wholly owned subsidiary of CISCO SYSTEMS INC. IS THE WORLDWIDE LEADER in networking for the Internet. The company was founded in 1984 by two computer scientists from Stanford University seeking an easier way to connect different types of computer systems. Cisco Systems shipped its first product in 1986 and is now a multi-national corporation, with over 35,000 employees in more than 115 countries. Today, Cisco solutions are the networking foundations for service providers, small to medium business and enterprise customers which includes corporations, government agencies, utilities and educational institutions. Cisco's networking solutions connect people, computing devices and computer networks, allowing people to access or transfer information without regard to differences in time, place or type of computer system. If anyone can lay claim to a 'heritage' in an industry as young as global networking, then it is Cisco. Not only does 85 percent of Internet traffic travel across Cisco's systems, we also use the Internet to run our own business online, from product orders and inventory management through to staff communications and travel expenses.
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3D VIRTUAL REALITY AUGMENTED REALITY INDUSTRIAL IoT CAD
For more information please visit the Company’s website:
www.cisco.com
About Vection Technologies:
Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation.
Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.
For more information please visit the Company’s websites: vection.com.au
mindeskvr.com
Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041 ASX release authorised by the Board of Directors of Vection Technologies Ltd.
Address: 642 Newcastle Street, Leederville WA 6007 Phone: +618 6380 2555
Europe North America Address: Via Isonzo 61 Address: 785 Market Street, #600 40033 Casalecchio di Reno (BO), San Francisco CA 94103 Italy USA
Media Enquiries [email protected] [email protected]
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