A PERTH virtual reality software company has signed a $500,000 deal to create modules for training students and dentists in dental procedures.
ASX-listed Vection Technologies says it will be using technology it developed for its client Lamborghini to show off luxury car prototypes in developing the dental training modules.
“We’ve been working on this for three or four months, it’s very exciting,” said Vection director and chief operating officer Gianmarco Orgnoni.
The FrameS Dental software modules are being developed for Italian dental prostheses company D&D, which is pivoting into providing continuing education for dentists.
Once it develops the dental modules for D&D, Vection plans to market them to other dental education providers in Europe and eventually the United States, Mr Orgnoni said.
The work is set to begin by March and to be completed in stages by the end of the year.
Each module will address a dental procedure such as gum incision, bone drilling, root canal work and common dental care procedures, as well as visualising cavities and periodontal diseases.
Vection will also provide D&D with hardware for 60 virtual reality workstations.
Vection’s virtual reality platform is hardware agnostic and can be used with all the major virtual reality headsets on the market such as Facebook’s Oculus, Mr Orgnoni said.
Vection hopes to earn recurring software-as-a-service revenues from this new market, he said.
“Virtual reality simulations are becoming an essential component of modern education over conventional learning,” as VR offers ultra-realistic, real-time skill formation while ensuring patient safety, Vection says.
The virtual reality health care market was $US1.6 billion in 2018 – with education and training representing about a third of that – and it expected to reach $US30.4 billion by 2026, according to Vection.
Until now Vection’s virtual reality platform has been used for clients including Lamborgini for designing prototypes, as well as Italian luxury yacht builder Ferretti Group for showing off unbuilt boats to clients, Mr Orgnoni said.
Vection also has an office in Italy.
Vection’s shares were up 0.6 cents, or 28.6 per cent , to a two-year high of 2.7 cents