Vection Technologies Ltd (ASX:VR1) Secures $4M Defence Contract Extension
• Vection Technologies Ltd (ASX:VR1) secured a $4 million defense contract extension from a client with whom it gained previous contracts in 2024.
• The contract includes AI software using Dell Technologies for high-end infrastructure design and dedicated AI appliances for real-time processing.
• The contract is part of Vection Technologies’ ongoing relationship with the defence sector.
• Vection Technologies Ltd’ total contract value has increased by 60pc for 2023.
• The company’s share price has also seen a significant increase.
• Vection Technologies Ltd is a specialist in artificial intelligence (AI) and extended reality (XR) solutions.
• The company’s profile includes history, revenue, mergers & acquisitions, peer analysis, institutional shareholders, and more.
• Vection Technologies Ltd is listed on the ASX and offers real-time stock quotes, news, price, and financial information from Reuters.
