Welcome to our dedicated page for Vection Tech news (Ticker: VCTNY), a resource for investors and traders seeking the latest updates and insights on Vection Tech stock.
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Vection Technologies (ASX:VR1, OTC:VCTNY) has announced a partnership with expert.ai to develop an AI-powered solution designed to digitalize technical manuals. The innovative solution aims to enhance accessibility and comprehension by combining extended reality (XR) with AI technologies. Users will interact with avatars using natural language for troubleshooting guidance, supported by advanced natural language processing and deep learning algorithms. This system will also function on mixed reality devices like HoloLens, promising faster issue resolution and reduced operational downtime. The collaboration aligns with both companies' goals of driving efficiency and innovation.
Vection Technologies has announced the granting of several patents in the US and Europe for its INTEGRATEDXR technology stack. Key patents include methods for executing 3D transformations with VR input devices and structured video recording in virtual environments. These patents aim to enhance user experience and business applications across various sectors, including hospitality and healthcare. Managing Director Gianmarco Biagi emphasized the importance of these patents in solidifying the company's global intellectual property position. Vection Technologies trades on the OTC markets under the symbol VCTNY.
Vection Technologies has launched the first metaverse embedded app, 3DFrame, for Webex Meetings, revolutionizing hybrid work environments. This app allows users to engage in virtual environments using a simple, no-code interface, making presentations more dynamic and interactive. 3DFrame enhances collaboration by enabling real-time conceptualization of products, thereby reducing logistical costs. The partnership with Webex signifies a strong move towards inclusivity and flexibility in remote working scenarios. Vection Technologies is traded under the symbol VCTNY on U.S. OTC markets.
Deutsche Bank has been appointed as the depositary bank for the American Depositary Receipt (ADR) program of Vection Technologies LTD (OTC: VCTNY). This program will facilitate cross-border investments in the company, which specializes in integrating physical and digital environments through extended reality (XR) technologies. The effective date for this agreement is June 21, 2022. As a key player in investment banking, Deutsche Bank provides a range of services including trustee and escrow for various financial entities globally.
