Cemtrex Completes Development of Augmented Reality Application for National Cultural Center in Saudi Arabia
June 25 2019 - 8:40AM
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.
About Cemtrex
Cemtrex, Inc. (CETX) is the manufacturer of the SmartDesk, the
world’s most advanced workstation. Cemtrex is a diversified
technology company that's driving innovation in a wide range of
sectors, including smart technology, virtual and augmented
realities, advanced electronic systems, industrial solutions, and
intelligent security systems.www.cemtrex.com
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For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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