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Vection Technologies Ltd. ( (AU:VR1) ) has provided an announcement.
Vection Technologies Ltd has secured a $1.8 million contract for defense services, to be recognized across the fiscal year 2025. This contract, with a cybersecurity technology service provider for a European local government, aligns with Vection’s strategy to integrate AI and XR technologies into high-stakes environments, thereby enhancing its position in the Defense, Law Enforcement, and Government sectors. The deal demonstrates Vection’s capacity to deliver ICT and cybersecurity solutions, reinforcing its reputation as a trusted partner and enabling scalable growth through strategic partnerships.
More about Vection Technologies Ltd.
Vection Technologies Ltd is an enterprise-focused company specializing in bridging the physical and digital worlds through advanced technology solutions. It offers 3D data leveraging via extended reality (XR) interfaces to enhance collaboration, learning, and sales. The company is listed on the Australian Securities Exchange (ASX) under the ticker VR1 and trades on the U.S. over-the-counter (OTC) markets under the symbol VCTNY.
YTD Price Performance: 13.33%
Average Trading Volume: 11,613,215
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$45.92M
Learn more about VR1 stock on TipRanks’ Stock Analysis page.
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