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How to resolve AdBlock issue? Extended reality innovator Vection supplies $4.4m defence order
WITH ITS LATEST $4.4 million defence industry order supplied, extended reality systems development company Vection Technologies is steadily extending its growth, expecting another $10m-$21m in additional works and orders being contracted for the new financial year through to 2030.
Vection’s latest supply is to a top 10 global defence contractor using its IntegratedXR arm. It is for mission-critical ICT infrastructure and AI-enabled analytics. Vection entered the Australian market in 2021 with the acquisition of Blank Canvas and its property-focused CGI content capability.
Vection Technologies managing director Gianmarco Biagi said, “Transforming our pilot program into recurring orders within the NATO Tempest supply chain highlights the trust we have built with one of the largest defence contractors in the world. 
“Achieving about $10m in orders strongly validates our technology and is a strong indication that the client will continue with the full program for the additional $21m scheduled for FY26-FY30.”
This supply follows the major defence pilot award announced on March 2, 2023, which flagged that a successful pilot could lead to delivery of a full tender worth up to about $30m.
Vection Technologies is a growing enterprise-focused company that helps businesses – some in defence industries – bridge the physical and digital worlds with strategic fit-for-task technology developments. Vection helps organisations leverage their three-dimensional (3D) data inputs through extended reality (XR) interfaces that foster collaboration and learning, grow sales and add strategic advantages.
This latest solution stack integrates secure ICT infrastructure with Vection’s IntegratedXR platform. As security priorities in Europe become more urgent, Vection’s customer base is expanding these capabilities to oversee and safeguard critical assets.
With the solution stack completed during the pilot phase, Vection is now authorised to complete supply of the solution, as formalised by the order.
Vection Technologies is listed on the Australian Securities Exchange (ASX) with ticker code VR1, and trades on US over-the-counter (OTC) markets under the symbol VCTNY. Vection has Indo-Pacific regional offices in Perth and Sydney.
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