Key Highlights

  • Nanoveu has secured a US$300,000 (A$433,500) EyeFly3D pilot order, with US$165,000 already received.
  • One Immersive is supporting the planned rollout across India through its relationship with a major OTT platform with more than 100 million monthly active users.
  • More than 5,000 hours of content have been converted from 2D to 3D for release in 2026 through the client's mobile application.
  • Indian smartphone and digital media markets are forecast at US$88.99 billion and US$132.01 billion respectively by 2032 and 2036.

Nanoveu Limited (ASX:NVU) has entered into a mutually exclusive OEM agreement with One Immersive Inc., through its wholly owned Indian Subsidiary One Immersive Private Limited. The agreement will be fulfilled by Nanoveu's Hong Kong-based subsidiary, Fullveu Technologies (HK) Limited, and covers the launch of EyeFly3D glasses-free 3D mobile films across India.

The pilot deployment is supported by a US$300,000 purchase order, equivalent to A$433,500 based on an AUD:USD Exchange Rate of 0.692. Nanoveu has already received US$165,000, with the remaining amount due following completion of the final shipment, expected no later than Q4 2026.

EyeFly3D India Pilot

The pilot order includes EyeFly3D glasses-free 3D films for Apple and Android devices and is intended for nationwide distribution in India. The pilot is structured in tranches, with initial deposits totalling US$165,000 having been received in previous periods.

One Immersive is a U.S.-based spatial computing technology company founded in 2022 and headquartered in Wilmington, Delaware. Its operations cover Extended Reality and spatial computing technologies, including 3D content playback, immersive applications and spatial experiences across mobile and desktop platforms.

The company is also a technology vendor and partner to a major OTT content platform in India. The platform has more than 100 million monthly active users and serves tens of millions of subscribers.

3D Content and Mobile Distribution

One Immersive has developed a proprietary 2D-to-3D offline conversion engine and has converted more than 5,000 hours of 3D content for release in 2026 alongside its client's mobile application.

The company states that the majority of VR and 3D video uses side-by-side video formats. EyeFly3D products are intended to support the use of this content on mobile devices without glasses.

The OEM agreement includes at least one new application written by One Immersive. The parties will work through an agreed list of milestones during the pilot to determine whether the deployment is successful. If the pilot meets the agreed requirements, the parties have agreed to work toward larger follow-on orders.

India Market Opportunity

The release cites data placing India's smartphone market at US$44.15 billion in 2023, with the market forecast to reach US$88.99 billion by 2032 at a compound annual growth rate of 8.1%.

India's digital media market is forecast to increase from US$25.25 billion in 2024 to US$132.01 billion by 2036.

Under the OEM agreement, One Immersive may promote, Brand , market and distribute or sell EyeFly3D products in India. Fullveu will seek to implement product refinements or changes identified during the pilot development.

If the parties proceed after the pilot, Indian exclusivity is conditional on One Immersive achieving cumulative purchases of one million units within 18 months. The agreement also contains defined territory provisions, further terms to be agreed and termination rights.

Manufacturing and Security Testing

Fullveu has completed the pilot production run and demonstrated manufacturing scale-up capability, according to Nanoveu.

The EyeFly3D software development kit has also undergone Vulnerability Assessment and Penetration Testing and data privacy compliance testing by a professional audit firm. The company said the assessment identified no major vulnerabilities, unauthorised user data collection, hidden network calls or malicious background activity.

EyeFly3D combines screen technology, software for content processing and the potential for integration with ultra-low-power system-on-chip hardware. Nanoveu also operates businesses covering semiconductor technology, aerial robotics and protective coating technologies.

Conclusion

Nanoveu's EyeFly3D India initiative is based on a US$300,000 pilot order, with US$165,000 already received and the balance expected following final shipment no later than Q4 2026. The planned deployment involves Apple and Android devices, a major Indian OTT platform with more than 100 million monthly active users, and more than 5,000 hours of converted 3D content. The agreement includes a potential pathway to larger orders, with Indian exclusivity conditional on cumulative purchases of one million units within 18 months following a successful pilot.