Dragon Capital Group Corp. (OTCMKTS:DRGV) broke the record on bourses after the company announced to have received a contract for a multi-format naked eye 3D system. The company, which is a holding company of some of the most promising tech companies in China, informed that its fully owned subsidiary, Shanghai Yazheng Information Technology Company, Ltd (Yazheng) has received the said contract.
The contract is worth $450,000 while the term is fixed for one year. Dragon Capital Group Corp. (OTCMKTS:DRGV) further stated that the contract is expected to complete within 2015 while the company is estimating to earn nearly 30% to 35% in gross profits.
In its statement, the company said that the contract for the multi-format Naked Eye 3D System has been awarded by Shanghai Baosight Digital Technology company Ltd. The project is aimed to combine the naked-eye 3D technology with that of the virtual reality technology. To enable this, the project also aims to research the available solutions that would help integrate the multi-source naked eye 3D technology into virtual reality technology.
At the same time, the project also aims to find the solutions for a number of key issues such as rendering technology, design method and the process of standardization. Also, it is expected that a knowledge base will be created for naked-eye 3D resources while the process of quick production method along with research on demonstration application of naked eye 3D systems will also be conducted. The demonstration application will be run through some complex and risky industrial scenes using virtual simulation.
Dragon Capital Group Corp. (OTCMKTS:DRGV)’s chairperson and CEO, Mr. Lawrence Wang expressed his pleasure on the new development. He strongly believes that the new contract will boost the growth of the company. The stock price of the company’s share jumped by 100% to $0.0002 while the volume was 50.17 million.
Another company that showed positive movement over the last week is Siemens AG (ADR) (OTCMKTS: SIEGY). The stock is valued at $97.66 and has reported the volume of 99,791 during the previous trading session.