ASX Tech Stocks: Indoor Skydive Australia (ASX: IDZ) Expands Into Military VR Training, Jumps 20%
Indoor Skydive Australia (ASX: IDZ) today leads ASX tech stocks, up 22.22% from the announcement of its intention to acquire virtual reality production studio Red Cartel.
In 2019, Red Cartel created the world-class VR free roaming game for ISA’s FREAK entertainment business, but the main calling card is Red Cartel’s military VR training tool.
This makes sense, given the military training applications already in place at ISA’s indoor parachuting centers and the fact that this company was founded by two former SAS soldiers.
The VR military training tool which has been developed taking into account current defense needs and is scheduled for live testing within 6 months of acquisition.
“The acquisition of Red Cartel opens up major opportunities in the consumer and business markets,” said Wayne Jones, CEO of ISA Group.
“The ability to create custom content and specific military-grade equipment allows us to engage directly with military units and law enforcement around the world. “
Other ASX tech stocks with news today
Archer (ASX: AX) + 13.62%
The quantum computer chip technology developer jumped 13.62% today after announcing the granting of a Chinese patent for its 12CQ quantum computer chip – a key strategic jurisdiction for commercializing its intellectual property.
“Archer’s quantum IP computing chip is now protected in China – the world’s largest market, a major global economy and a powerful consumer of mobile technology,” said Archer CEO Dr Mohammad Choucair.
“The granting of a patent in China protects, validates and significantly reduces the risks of our unique technology.
“To take full advantage of the commercial benefits of 12CQ technology globally, Archer’s intellectual property strategy includes patent protection in China.
“This is in line with the key marketing activities of the largest semiconductor chip manufacturers in the US, EU and Asia.”
Zimi Ltd (ASX: ZMM) + 6.25%
Smart home automation service provider Zimi got a nice 6.25% increase today after announcing a device order of more than $ 300,000 from new integration partner, Polyaire.
Essentially, by integrating with Zimi’s technology, Polyaire’s customers will be able to control their heating, ventilation and air conditioning (HVAC) and household appliances through a single system.
The company plans to announce further integration collaborations in the future.