Vonex begins Oper8tor beta development

By Justin Ware. Published at Jun 25, 2018, in Technology

Emerging telco play Vonex Limited (ASX:VN8) today informed the market that is has begun development of its Oper8tor application.

The announcement comes off the back of VN8’s successful listing on the ASX earlier this month.

It should be noted that Vonex remains a speculative stock and investors should seek professional financial advice if considering this stock for their portfolio.

The move will directly impact VN8’s current development baseline, providing a boost to its software architecture, data, functional programming machine learning and mobile development capability.

Beta testing will kick off from October 2018 and will involve up to 5,000 controlled users targeting data collection, bug reporting, online marketing and stress testing on elastic servers. The company has also indicated that beta testing will include tweaking to work-in-progress user interface functionality.

In-house engineers and developers will be employed by VN8 during the development process, until a minimum viable product is ready for soft-launch in Western Europe in early 2019.

This region was selected due to its concentrated population and advanced economies which feature high mobile phone adoption.

VN8 Managing Director Matthew Fahey commented on the announcement, “Having successfully raised $6 million in our recent IPO, we are now well funded to progress with the development of this cutting-edge application, the only mobile app in the world that Vonex is aware of allowing multiple voice apps to operate seamlessly together.

“I look forward to updating investors as Vonex progresses through the beta development process towards the controlled testing stage.”

The company believes that the bulk of development costs for the Oper8tor app will be deemed eligible expenditure for R&D tax incentive purposes.

About Oper8tor

Oper8tor is a one stop communication aggregator app, which allows conversations to transpire across multiple platforms at once.

VN8 has identified a clear issue when it comes to multiple parties participating in a conference call using differing technologies, and the time delays caused by technical troubleshooting.

The Oper8tor app targets both consumer and communication technology providers, and can be deployed worldwide. VN8 owns the IP behind the app, holding global patents pending in relation to the technology.

As more competitors and alternatives enter the market, the greater the need for a communication aggregator app becomes.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X