$CETX News - Long Island CIty, NY, June 25, 2019
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Posted On: 06/25/2019 9:03:22 AM
$CETX News - Long Island CIty, NY, June 25, 2019 Cemtrex Completes Development of Augmented Reality Application for National Cultural Center in Saudi Arabia
Long Island CIty, NY, June 25, 2019 (GLOBE NEWSWIRE) -- Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that is has completed the development of a major augmented reality application for the King Abdulaziz Center for National Dialogue (KACND) in Saudi Arabia. The application gives visitors an innovative and interactive experience when visiting the Center, allowing them to unveil secrets while interacting with various rooms around the venue and the community around them.
The app has many features, including:
Users can interact with specific locations in the Pledge Room to unveil hidden animations and inspirational quotes from famous figures.
Users can write virtual “graffiti” that is shared live with other visitors using the app.
Users can blow into their devices to unveil inspirational and uplifting quotes.
Users can also use custom photo filters to promote engagement with the Center and social sharing.
Augmented reality applications for mobile devices is a rapidly growing industry. In 2017, Pokémon Go, an AR gaming application, garnered over 100 million downloads and earned $268 million in revenue. Businesses like Ikea, Target, Facebook and Instagram are already currently implementing AR into their applications to provide better, more seamless customer experiences.
A demo of the app can be seen on here: https://youtu.be/qnmX1yQR-QU
“This application exemplifies the creativity and technical excellence of our VR/AR team,” said Saagar Govil, CEO and Chairman of Cemtrex. “The market for applications like this is only growing, and our team is already ahead of the curve. We are thrilled to see such an impactful and inspirational application available to the visitors of KACND. We are also seeing increased demand in services to build AR applications as different companies experiment with new ideas to utilize augmented reality in their business.”
Augmented and Virtual Reality are among of the fastest growing business areas, which are expected to reach over $500 billion by 2025. The industries that will generate VR and AR opportunities include: industrial design, medical diagnostics, entertainment, sports, training simulations, productivity tools, social experiences, manufacturing optimization, app development, tourism, & advertising. All industries whether retail, education, social media, healthcare or manufacturing, will experience widespread disruption and innovation in their products and services by utilizing VR & AR solutions to increase their profitability in the coming decade.
For more information about the company’s augmented reality development services please visit www.cemtrexlabs.com.
https://finance.yahoo.com/news/cemtrex-comple...00200.html
Long Island CIty, NY, June 25, 2019 (GLOBE NEWSWIRE) -- Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that is has completed the development of a major augmented reality application for the King Abdulaziz Center for National Dialogue (KACND) in Saudi Arabia. The application gives visitors an innovative and interactive experience when visiting the Center, allowing them to unveil secrets while interacting with various rooms around the venue and the community around them.
The app has many features, including:
Users can interact with specific locations in the Pledge Room to unveil hidden animations and inspirational quotes from famous figures.
Users can write virtual “graffiti” that is shared live with other visitors using the app.
Users can blow into their devices to unveil inspirational and uplifting quotes.
Users can also use custom photo filters to promote engagement with the Center and social sharing.
Augmented reality applications for mobile devices is a rapidly growing industry. In 2017, Pokémon Go, an AR gaming application, garnered over 100 million downloads and earned $268 million in revenue. Businesses like Ikea, Target, Facebook and Instagram are already currently implementing AR into their applications to provide better, more seamless customer experiences.
A demo of the app can be seen on here: https://youtu.be/qnmX1yQR-QU
“This application exemplifies the creativity and technical excellence of our VR/AR team,” said Saagar Govil, CEO and Chairman of Cemtrex. “The market for applications like this is only growing, and our team is already ahead of the curve. We are thrilled to see such an impactful and inspirational application available to the visitors of KACND. We are also seeing increased demand in services to build AR applications as different companies experiment with new ideas to utilize augmented reality in their business.”
Augmented and Virtual Reality are among of the fastest growing business areas, which are expected to reach over $500 billion by 2025. The industries that will generate VR and AR opportunities include: industrial design, medical diagnostics, entertainment, sports, training simulations, productivity tools, social experiences, manufacturing optimization, app development, tourism, & advertising. All industries whether retail, education, social media, healthcare or manufacturing, will experience widespread disruption and innovation in their products and services by utilizing VR & AR solutions to increase their profitability in the coming decade.
For more information about the company’s augmented reality development services please visit www.cemtrexlabs.com.
https://finance.yahoo.com/news/cemtrex-comple...00200.html
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