Vection Technologies Awarded New AI Contracts Across Five Sectors

Vection Technologies (ASX: VR1) has secured approximately $2.3 million in new AI-related contracts across five sectors, extending its order momentum through the final quarter of FY26.

The latest wins include about $990,000 in one-off contracts and a $1.3m annual recurring revenue (ARR) security contract, with approximately $2m to be recognised in FY26 and $300,000 in FY27.

Vection has now announced approximately $7m in new orders since the end of the third quarter, including earlier defence and AI wins and a recent Accessibility Kiosk order.

Four of the five new contracts use the company’s Algho AI platform, while the fifth incorporates a security technology partner’s proprietary AI solution within a Vection-delivered edge systems architecture.

Contracts Span Multiple Markets

The latest orders cover healthcare analytics, luxury fashion, public services accessibility, airport passenger assistance, and security systems.

Clinical laboratory group LIR has contracted Vection’s Algho Decision platform to analyse operational performance data, marking the first healthcare analytics order for the platform.

Italian fashion and luxury group OTB has commissioned a Vection agentic AI personal shopper, built on Algho and deployed across its brand portfolio through technology partner Nexylab.

Vection considers the fashion order significant because it validates Algho’s use in luxury retail, where personalisation forms part of the customer proposition as much as the goods themselves.

Accessibility Platform Gains Traction

Vection has also secured two orders tied to its recently launched Accessibility Kiosk platform, extending the product into public services and airport passenger support.

Technology partner Ollsys will use a 3D Algho AI avatar to make emergency and public services more accessible to hearing-impaired users.

A European airport operator, working with technology partner Sorint, has ordered Algho AI Appliance units and Vection Accessibility Kiosk hardware for passenger assistance terminals covering all disability categories.

The airport deployment follows Vection’s recent commercial launch with Media Comunicazione and uses the same combined system operating at Bergamo Caravaggio International Airport, where it independently serves 97% of disabled passengers compared with 38% for a standard kiosk.

Security Moves to Subscription

The security contract is worth approximately $1.3m in ARR and represents Vection’s first recurring revenue engagement in that segment.

Vection will deliver the underlying edge systems architecture for edge-based lawful interception systems, while the security partner will provide its proprietary AI solution.

The contract is fully recognised in FY26 and shifts the security program from one-off project work into a subscription model.

Vection identified the structure as an important move toward higher-quality recurring revenue, similar to the repeat engagement model emerging in its defence program.

Technology Breadth Demonstrated

Managing director Gianmarco Biagi said the diversity of the orders was key.

“This round of orders is important not just for the revenue, but for what it demonstrates about the breadth of Vection’s technology portfolio,” Mr Biagi said.

“Four of these contracts are powered by Algho AI, across sectors as different as clinical laboratories and luxury fashion.”

“The fifth, in the security segment, is structured differently, with our partner’s AI at the core and Vection delivering the edge systems architecture.”

Vection believes the airport accessibility order suggests a shorter procurement cycle than expected, while the company sees the security ARR contract marking a meaningful shift in how it is positioning that part of the business.