Virtuix Inc. (NASDAQ: VTIX) shares stumbled Monday. The company, a leading developer of full-body virtual reality systems, today announced it has signed a Cooperative Research and Development Agreement with the Naval Postgraduate School in Monterey, California.
Under the agreement, Virtuix will deliver an Omni One system to NPS’s Modeling, Virtual Environments, and Simulation MOVES Institute, where researchers will examine the suitability and effectiveness of small-footprint, omni-directional navigation technology for a range of tasks in the context of military training and simulation.
This morning’s news release reported CRADA represents an important step in Virtuix’s expanding defense market opportunity and supports the adoption of the Company’s Virtual Terrain Walk technology for military and first responder use cases. NPS is a premier defense-focused academic and research institution whose work in simulation, combat modeling, and human performance directly supports U.S. military readiness and operational effectiveness.
This is Virtuix’s first formal research agreement with the U.S. Navy and builds on the Company’s growing traction across the defense market, including sales to the U.S. Army at West Point, the U.S. Air Force Academy, Yokota Air Force Base, and the U.S. Marine Corps. It also complements Virtuix’s broader defense-related initiatives, including its collaboration with UCF’s robotics program, where a humanoid robot was steered using Omni One.
VTIX shares slipped 25 cents, or 3.8%, to $6.43.
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