Nanoveu announces major purchase order

Nanoveu (ASX: NVU) has received a purchase order valued at US$200,000 (~AUD $298,062) from Rahum Nano Tech. The order is for EyeFly3DTM films tailored for the iPhone 16 series. This deal is part of a larger effort by Rahum to market and distribute the product exclusively in South Korea.

Overview of Nanoveu's strategic developments

Nanoveu has secured a substantial purchase order from Rahum Nano Tech for its EyeFly3DTM films, aimed at the iPhone 16 series in South Korea. This order is part of Rahum's broader US$19.725 million target for EyeFly3DTM products. Additionally, an order for Samsung Galaxy series films has been confirmed. The EyeFly3DTM films provide 3D viewing experiences without glasses, and the company is enhancing its technology through partnerships and acquisitions. The upcoming acquisition of EMASS aims to integrate advanced SoC technology, boosting efficiency and capability across more devices. These initiatives reflect Nanoveu's ambition to grow its market share and technological offerings in the glasses-free 3D space.

Executive commentary on the purchase order

We are excited to see our EyeFly3DTM technology making inroads in South Korea through Rahum Nano Tech. This order marks a significant milestone as we expand our reach into the Android market, a strategic move that will enhance our global presence. We are committed to advancing our technology in collaboration with Datature and through the planned acquisition of EMASS, which will further elevate the capabilities of our products,' said Alfred Chong, Managing Director and CEO of Nanoveu.