Vection Technologies Ltd. provided an update on the evolution of its solutions suite in the real estate sector and expansion into virtual television and film production. Following the entry into the virtual filmmaking production space, the company has continued to focus on developing industry-specific use cases leveraging its INTEGRATEDXRÒ workflow. Aligned with this strategy, through its exclusive Blank Canvas Studios brand, the Company has continued to launch new products and solutions within the INTEGRATEDXRÒ workflow, focused on the multi-billion-dollar real-estate and property developments sectors.

These immersive experiences allow users to walk through unbuilt environments at human scale - from premium apartments to family homes - to support the sales process and eliminate the requirement for capital expenditure on retail showrooms and display homes. This virtual reality (VR) offering - part of Vection Technologies' INTEGRATEDXRÒ product suite - is an extension of its 3D modelling, rendering and animation capabilities, with the Company to showcase examples to architects and real-estate developers at Sydney Build 2023, 6 and 7 March. The ability to create photorealistic environments has application far beyond real estate, with the same workflow used to create virtual `sets' for television commercial and film production.

This involves seamlessly integrating CGI backdrops with live motion vision to place real life talent in virtual environments that would typically be too expensive, time consuming or complex to create in the real world. For brands in the renovation, furniture or interior design sectors, this shapes as a dynamic commercial production solution, as virtual sets can be easily curated and updated for a range of local markets, product price points and specific target audience segments. The company intends to leverage this capability to partner with high-end, real-time production studios in Australia, Europe, the US, and in selected markets in the middle east, leveraging its global footprint.

At Sydney Build, the Company will be showcasing an extensive range of INTEGRATEDXRÒ solutions for these specific market segments, including (but not limited to): Mindesk - the Company's real-time computer-aided-design (CAD) to VR design review platform that allows architects to showcase design to clients at human scale and improve design outcomes. Blank Canvas VR - immersive VR experiences with a focus on premium residential off-the-plan walkthroughs to support sales conversion. This expo is part of the Company's APAC division's focus on the architectural and interior design sectors, where VR is becoming a game changing technology, set to elevate the quality of design by allowing architects, developers, and prospective residential buyers to interact with designed environments and spaces long before they are built.