INTERACT signed 2M USD contracts to supply Vietnam XR education and training system (23th Jun 2023)

INTERACT announced on the 22nd that it had signed contracts to supply XR education and training system to Vietnam.

INTERACT participated in the Korea-Vietnam trade conference held in Hanoi, Vietnam on the 22nd and signed contracts with a Vietnamese companies to supply an XR training system. INTERACT has signed export MOU contracts with Vietnam’s DU Capital(CEO Nguyen Huy Du) and One Space Education (CEO Ngo Thi Thuy Duong), each worth 1 million USD. The items of these export contracts are the XR fire training system (NESTs) and the safety education system (Golden Five) developed by INTERACT.

The Korea-Vietnam trade conference is being held as part of the Vietnam Economic Ambassador led by President Yoon Seok-yeol of the Republic of Korea. INTERACT is participating in the Vietnam Economic Ambassador in recognition of its excellent technology.

“Our XR education and training system is getting more and more interested overseas. Our products have already started exporting to China and Kyrgyzstan.” INTERACT CEO Nam-hyeok KWON said. “We are looking forward to overseas exports of Korea’s excellent XR system by actively advancing into Southeast Asia other than Vietnam in the future,” he added.

Meanwhile, INTERACT utilizes XR and network technology to develop and supply education and training system in various fields such as firefighting, military, police and schools. INTERACT is attracting an investment round of 2 billion won to enter overseas markets, and plans to establish branches in Southeast Asia and Japan starting with the establishment of a branch in China in 2020.