Singular Well being to develop ground-breaking VR mining app

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2021-02-22 19:07:24

Singular Well being is about to indicate it’s not only a one-trick pony after the corporate mentioned it’ll draw on the smarts contained inside its 3D medical imaging expertise to construct a prototype system that may mannequin a mining mission in 3D. Singular will obtain a $170,000 cost from mining software program participant, FlowCentric Applied sciences to develop its “GeoVR” software program for the mining and exploration trade.

The corporate has entered an settlement with South-African primarily based FlowCentric Applied sciences to develop and commercialise the GeoVR platform, which relies upon Singular’s “Volumetric Rendering Platform”, the identical software program that underpins the corporate’s extremely profitable MedVR and 3Dicom medical imaging purposes.

While the 2 events are nonetheless nutting out the finer particulars of the settlement, they wish to kind a three way partnership firm that may personal and develop the GeoVR software program – Singular and FlowCentric will each personal 50 per cent of the brand new entity.

FlowCentric will fund the event of the software program and can earn 50 per cent within the new entity by making a sequence of staged funds over the subsequent 5 months, totalling $170,000. Singular will earn its stake via the event of the software program and can switch possession of the mental property to the brand new firm after it has been paid.

The 2 corporations will then work collectively to commercialise the software program and pursue varied useful resource sector purposes for the GeoVR platform.

While we stay centered on our core imaginative and prescient of Growing Higher Well being Literacy, this pilot program with FlowCentric Applied sciences presents an incredible alternative to deploy our proprietary Volumetric Rendering Platform to be used within the mineral assets sector. FlowCentric is a logical accomplice for Singular Well being with their giant variety of present enterprise relationships in South Africa and Australia with main geological software program suppliers and useful resource corporations.

FlowCentric is probably going to supply its personal keen clientele with precedence entry to the creating software program package deal. The corporate already delivers enterprise administration software program to over 350,000 customers together with tier-one useful resource sector corporations throughout the globe.

Singular can also be well-positioned to market its GeoVR app, with prepared entry to a plethora of exploration and mining corporations given its geographical place in West Perth, a recognised world-class mining jurisdiction.

The GeoVR software program will present an enhanced capability to guage mining and exploration data. Customers will be capable of add their mining, drilling and geological knowledge which is able to then be quickly wire-framed and transformed right into a three-dimensional mannequin.

Useful resource corporations will then be capable of manipulate the dataset in 3D, strip away varied layers and fly-through the mannequin offering essential evaluation to the dataset and permitting correct planning of each mining and the drilling of key targets. Knowledge can be viewable on display screen or within the digital atmosphere via using digital actuality, or “VR” goggles.

While Singular will proceed to deal with the event and advertising and marketing of its revolutionary medical imaging software program, the evolution of the corporate’s GeoVR software program delivers yet one more arrow into its rising quiver of merchandise and continues to show the flexibility of its modern software program platform.

Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au

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