Nanoveu Secures $300,000 Purchase Order for 3D Mobile Film Product

MT Newswires Live

08/11

Nanoveu (ASX:NVU) secured a $300,000 pilot purchase order for its EyeFly3D glasses-free 3D film products for mobile devices from a unit of US-based spatial computing technology firm One Immersive under a binding agreement, according to a Tuesday Australian bourse filing.

The agreement will be executed by Nanoveu's Hong Kong-based unit, Fullveu Technologies (HK) and the partnership plans to roll out Nanoveu's the product across India.

The pilot phase is structured in tranches, with initial deposits worth $165,000 being received in previous periods with the balance due upon completion of the final shipment, expected no later than the December quarter.

The company's shares were up nearly 2% in recent trading on Tuesday.

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