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LONDON - Visum Technologies Plc (AQSE:VIS) announced Tuesday it is expanding into the property technology sector while simultaneously entering an exclusive global license agreement with Eyecon Imaging Ltd for its Ride Video technology in the attractions and leisure sector.
The technology company, which has previously focused on the leisure sector and innovative workspaces, is developing a customizable workspace application for tech-focused workspaces. The platform will allow tenants to manage bookings, connect with amenities, access support, and stay informed across multiple locations. Visum expects the first working prototype to be available during Q1 2026.
Under the license agreement with Eyecon, the imaging company will assume certain liabilities from Visum totaling £992,847 in exchange for exclusive rights to Visum’s ride technology. Eyecon will also manage key existing client contracts in the attractions sector.
"The expansion into the property technology sector is a sound strategic move where Visum will gain access to a new and expanding market within a short period of time," said Barry Cushley, Visum Chairman, in the press release.
The company noted that its Gordon Street property, acquired through C&C Gordon Ltd, will serve as the base for developing and testing the new application.
The transaction is considered a related party transaction under Aquis Rules, as Marc Dixon and Paul Kennedy serve as directors of both Visum and Eyecon. The company’s chairman has deemed the transaction fair and reasonable for shareholders after review.
Visum Technologies is a capture technology firm that focuses on the global leisure market, providing proprietary hardware and software solutions for digital content creation and distribution.
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