Beijing, China and Umeå, Sweden, October 13, 2016.
Longtek Ltd, Beijing, China and Algoryx Simulation AB, Umeå, Sweden, have extended their licensing agreement which provides Longtek with Algoryx’s high fidelity realtime physics simulation engine AGX Dynamics. Longtek develops the MakeReal3D virtual reality platform and applications for the booming Chinese virtual reality market, in particular the engineering market where there is strong demand for high quality physics simulations.
Bloomberg has recently estimated that the virtual reality (VR) market in China will be worth at least $8.5b. Already in the first quarter of 2016, $1.1 billion was invested in the chinese VR industry, according to California-based Digi-Capital and this amounts to almost 10% of the total venture capital investment in China according to London consultancy Preqin Ltd. Longtek addresses the professional segments of this market, in particular industrial engineering and simulators for virtual prototyping, design, optimization, testing and training.
“We have selected AGX Dynamics because it is the leading physics engine for the engineering industry with a combination of performance and fidelity that really stands out. It fulfils the requirements of our demanding customers and often exceeds their expectations on realism, fidelity and stability. It has been easy and effective to integrate AGX Dynamics in our own product, MakeReal3D VSP, and our customers can now enjoy fully interactive physics simulations in virtual environments”, says Tao Song, Technical Director at Longtek.
“It is truly satisfying to see that VR finally has come to the stage, where realistic graphics and high fidelity real-time physics meet to enable a whole new era of immersive experiences. Longtek has managed to combine two strong forces into a great product. Back in 2002 when I was working at Umeå University with the very first implementations of immersive real-time physics interaction, we understood that it will become a big thing, but the market and the hardware was not ready. Now we’re getting there!, says Anders Backman, CTO and co-founder of Algoryx.”
Longtek is a leading technology corporation in China, providing professional virtual reality systems, and solutions among industries of aerospace and aviation, high-speed rail, transportation, research academies and institutes. Longtek was founded in Beijing, China in 2003. Today Longtek has 4 branches in Hong Kong, Shanghai, Xi`an and Chengdu.
The product MakeReal3D VSP is a virtual reality simulation platform fully designed and developed by Longtek. MakeReal3D VSP focuses on industrial applications such as DMU, virtual disassembly and assembly, virtual maintenance, and human factors analysis.
Algoryx is a global market leader in industrial grade real-time physics simulations for human-in-the-loop operator training simulators and simulators for engineering, design and virtual product development. Algoryx provides solutions to a wide range of markets including automotive, cranes and heavy equipment, automation and robotics, off-shore and maritime, bulk material handling and mining. Algoryx was established in 2007 and has its headquarters in Umeå, Sweden. AGX Dynamics has a solid scientific foundation in physics, mathematics and computer science and provides a unique combination of compute performance, stability, flexibility and fidelity that enables entirely new business areas and use patterns for simulation. Partners and clients include e.g. Kongsberg Maritime, Rheinmetall, FORCE Technologies, Fugro, OSC, GlobalSim, ANSYS SpaceClaim, MacGregor, Subsea 7, China Shipbuilding Industry Corporation CSIC, Oryx Simulations, Civil Aviation University of China CAUC, Aker Solutions, Cargotec, DRDC Canada, Atlas Copco, Volvo CE, Volvo GTT, ABB Cranes, ABB Robotics, KUKA Robotics, Daewoo DSME, Komatsu, LKAB, NTNU, Tree C Technologies, VSTEP, AIST, KAIST, Cameron OneSubsea, Fugro Intersite, SimSea, Soil Machine Dynamics SMD. For more information about Algoryx, please visit: www.algoryx.se
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For further information contact:
Johan Hedengran, Sales Executive