A newly-acquired software development subsidiary of ServTech Global (ASX: SVT) has entered into a deal with luxury carmaker Volvo Car Italia SpA for the creation of interactive customer experiences designed to appeal to a broader market segment.
Vection Italy SRL this week signed the Virtual Reality Framework Agreement which will see Volvo adopt its proprietary virtual and augmented reality (VR) technology to strengthen its position in automotive innovation.
Vection’s first task under the agreement will be the development of an augmented reality marketing solution to showcase Volvo’s occupant protection and safety equipment including car safety cells and airbag systems.
The project is expected to be completed by month end and represents a revenue to Vection of approximately $30,000.
See the full story here: https://smallcaps.com.au/servtech-subsidiary-signs-virtual-reality-technology-deal-volvo/