VR1
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Company News
Vection Technologies Awarded $22.3m Repeat Defence Order from NATO-Approved Customer
Vection Technologies (ASX: VR1) has secured a $22.3 million multi-year master framework agreement for the supply and integration of its advanced INTEGRATEDXR platform and related solutions to a repeat customer and partner within the European defence sector. The undisclosed customer supports major European defence integrators and solution providers as a certified vendor to the Council […]
Vection Technologies Secures $1m in Algho AI Contracts across Multiple Sectors
Vection Technologies (ASX: VR1) has been awarded $1 million in eight separate contracts for its Algho AI conversational platform from customers in the government, utilities, aviation, education and life sciences sectors. The spread proves the broad market traction that Vection has achieved with its platform, which delivers multilingual conversational avatars (voice, text, and sign language) […]
Vection Technologies wins $4.4m repeat INTEGRATEDXR contract for large global defence contractor
Vection Technologies (ASX: VR1) has delivered a $4.4 million repeat order for mission-critical information and communications technology (ICT) infrastructure and AI-enabled analytics to a Top 10 global defence contractor. The solution stack integrates secure ICT infrastructure with Vection’s INTEGRATEDXR platform and builds on a $1m proof-of-concept award in March with the same contractor, which at […]
Vection Technologies to lead AI and XR digitalisation project to revolutionise global food and beverage sector
Vection Technologies (ASX: VR1) has been selected to supply the extended reality (XR) and artificial intelligence (AI) backbone for Project ADDICTA, aimed at revolutionising the global food and beverage sector. Vection entities (including JMC Group, Vection Italy, Mindesk and The Digital Box) and Nature Med will run the $1.2 million research program. Italy’s National Recovery […]
Vection Technologies signs distribution deal to introduce its AI and XR solutions to the European Union
Vection Technologies (ASX: VR1) has finalised a $900,000 distribution partnership with Dutch consultancy Smartengineering BV to accelerate the introduction of artificial intelligence (AI) and extended reality (XR) solutions across the European Union’s industrial sector. The three-year deal gives Smartengineering non-exclusive distribution rights to Vection’s extensive AI and XR portfolio for engineering design and technical training […]
Vection Technologies secures Shelfzone VR contracts with global retail brands
Vection Technologies (ASX: VR1) has secured $500,000 in new artificial intelligence (AI) and extended reality (XR) contracts with three global retail brands. The company will supply its products including the new Shelfzone platform to Natuzzi, Nestlé and Agrifarma. Designed for the retail and fast-moving consumer goods sectors, Shelfzone integrates AI and XR to offer virtual […]
Vection Technologies showcases TDB acquisition synergy with $1.6m Brexia Med AI contract
Vection Technologies (ASX: VR1) has secured a $1.6 million artificial intelligence (AI) software licence contract for the Brexia Med healthcare project using technology developed by proposed takeover target The Digital Box (TDB). TDB develops and markets 3D and AI platforms based on advanced natural language processing technology that enables voice interaction with data, services and […]
Weekly wrap: WiseTech relief rally helps market to bounce higher
After days of fairly salacious headlines around WiseTech founder Richard White and his penchant for delivering mansions to girlfriends, the company pushed the entire Australian market into making a small gain. News that Mr White would step aside as chief executive but will return in a full-time product and business development consulting role led to […]
Vection Technologies partners with Dell to launch Algho AI platform across EMEA region
Vection Technologies (ASX: VR1) has partnered with Dell Technologies to launch its artificial intelligence (AI)-based Algho platform across Europe, the Middle East and Africa. The $500,000 deal represents the first sale of Algho and is expected to provide advanced enterprise-ready AI solutions to Dell’s salesforce and global customer base. Vection will officially introduce the Algho […]
Weekly wrap: earnings season leaves ASX 200 higher
The final day of profit reporting saw the Australian share market jump higher as investors digested the final flurry of results. By the close the ASX 200 was up 0.6% or 46.8 points to 8091.9 points, with eight of the 11 sectors rising and the market up 0.9% for the week. Industrials performed strongly, up […]
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