Nanoveu (ASX: $NVU) forms joint venture with Fullsand

Nanoveu Limited (ASX: $NVU) has successfully established a joint venture with Shenzhen Fullsand Printing & Packaging Co., Ltd. The joint venture, named Fullveu Technologies (HK) Limited, aims to globalize glasses-free 3D products, with Nanoveu holding a 51% stake.

Executive commentary on joint venture and advancements

We are excited to announce the advancements in our strategic partnership with Fullsand. These milestones reflect our dedication to innovation, collaboration, and market leadership. The joint venture with Fullsand, coupled with our exclusive agreement and new patent application, positions us strongly for future growth and success in the global 3D technology market.

Summary of joint venture and future outlook

Nanoveu (ASX: $NVU) has formed a joint venture with Fullsand to globalize glasses-free 3D products, aiming to leverage Nanoveu's 3D lens tech and AI-backed software apps with Fullsand's screen production know-how. The establishment of Fullveu Technologies (HK) Limited will provide exclusive rights to sales, software development, and manufacturing globally (except China). Nanoveu has also filed a new patent to protect its proprietary 3D lens technology, enhancing its technological portfolio and competitive positioning in the marketplace. The company's advancements in AI development for Monocular Depth Estimation and the integration of sample video into its suite of 3D products further demonstrate its commitment to innovation and market leadership.