RENK Group Increases Stake in Immersive Digital Twin Provider, Modest Tree

August 24th, 2021 - Globally active RENK Group (“RENK”) has successfully completed an additional share subscription and increased its stake in Modest Tree Media Inc. (“Modest Tree”). Modest Tree, based in Halifax, Canada, provides a range of digital tools and services to manufacturers, including immersive digital twins and the associated digital tools and extended reality solutions, to enable the visualization of products and processes through integration of enterprise datasets.

By increasing its investment in Modest Tree, RENK strengthens its position as a leading adopter of digital solutions, a growing trend in the global manufacturing industry. This allows RENK to provide innovative products and digital-based services to its customers.

“Working with global manufacturers in aerospace, defence, and automotive, we have seen the accelerated focus on digital solutions, unleashing new business models for training, digital twins, and digital in-service support,” states Modest Tree founder and CEO Sam Sannandeji. “Having RENK as a partner helps us to understand the unique and evolving needs of leading digital-focused industrial firms and to provide leading-edge digital solutions to our global industrial clients.

Contact:

Name: Laura Bohnert

Email Address: lbohnert@modesttree.com

Website URL: https://www.modesttree.com/

Canada’s Ocean Supercluster and Modest Tree Announce $2.2M Tech Companion Project

Halifax, Canada, May 3, 2021- Today, Canada’s Ocean Supercluster announced the Mobile and Mixed Reality Virtual Technician and Maintenance Software project. This new project, being led by Modest Tree, will develop an integrated service-hub, referred to as “Tech Companion,” that centralizes data in a remotely accessible, intelligent, and automated digital ecosystem for use in ocean industries.

As a unified digital platform, Tech Companion will connect technicians across the globe and facilitate the collection of core data, including condition-based monitoring of equipment, task level instructions, structured reporting, and augmented reality training to support tasks on demand.

Tech Companion uses live, data-driven systems for more accurate and streamlined maintenance operations, resulting in significant time and cost-savings during in-service product support and a substantial reduction in the downtime of ocean assets.

“This project marks a significant milestone in the evolution of data-centric technology to transform the way industry collects and leverages operational and maintenance data on marine equipment during build and in-service support."

"Through the Ocean Supercluster and the Government of Canada, Modest Tree is poised to drive digital transformation across the ocean industry by bringing historical and new data from multiple sources into an integrated, data-driven platform.” - Sam Sannandeji, Chief Executive Officer, Modest Tree

About Modest Tree:

Modest Tree is an award-winning Canadian software company focused on providing data-driven digitalization solutions for global Enterprise. Founded in 2011, we have worked with leading OEMs and military clients to develop digital solutions that accelerate employee training, product sales and marketing, and secure virtual communications.

Visit www.modesttree.com to learn more.

Media Contact:

Modest Tree

Director of PR and Marketing

Laura Bohnert

press@modesttree.com

Modest Tree Eliminating Barriers to Entry for Enterprises Working with AR and VR with the Launch of Xplorer 2.0

Modest Tree, a global software developer of advanced immersive training applications and enterprise-wide digitalization solutions, launches their newest software iteration, Xplorer 2.0, signaling yet another milestone in the continued evolution of VR/AR technology viability for enterprise use.

“We wanted to open up the world of VR/AR to those who aren't virtual reality experts so we could support organizations who needed a rapid and accessible means to develop, adapt, and scale their own VR/AR content,” states Sam Sannandeji, CEO of Modest Tree. “Xplorer 2.0 makes it even easier for organizations to develop reusable, editable training and marketing content that cuts down on project time and budget, placing them in a better position to succeed in today’s competitive environment.”

Xplorer 2.0 is the latest update of Modest Tree’s VR/AR Presentation software, which is already contributing ROI benefits to numerous global enterprise clients across manufacturing, defence, automotive, and healthcare industries.

One such enterprise is RENK AG, a leading global manufacturer of transmissions and propulsion units in the global defence industry. “RENK has been using Modest Tree Xplorer since 2018 to display gear units in Virtual Reality (VR), both for sales purposes as well as for internal and external training,” states Mirko Uetzmann, Leader Navy ILS, RENK AG. “For RENK, Modest Tree Xplorer represents a solution to handle the topic of VR easily and conveniently for the company based on the limited resources available."

Modest Tree Xplorer can be found in app stores. Visit xplorer.studio to learn more!

Contact

Name: Laura Bohnert

Email Address: lbohnert@modesttree.com

Website URL: http://www.xplorer.studio