3dsMax's "Panorama Exporter" crashes

[flat]

V-Ray Next Updade 3 renders as Black in 3dsMax's "Panorama Exporter" (Utility > Panorama Exporter) and crashes in Panorama Viewer.

I had no problems until V-Ray Next Update 1. Why?

Of course, I am aware of the panoramic output of the V-Ray Camera setting. This question is for 3dsMax's "Panorama Exporter" support.
Confirmed with 3ds Max 2020 + V-Ray Next upd3

My customers are using this feature and it's been a barrier to switching to Next. Please confirm and correct.

[hermit.crab]

Thanks for the report. There seems to be something wrong indeed, I've logged the issue (internal bug-tracker id: VMAX-9757) for developer investigation.

[flat]

Thank you for the confirmation.
I look forward to future revisions.