Vection Technologies Ltd has received an AU$ 0.5 million defence contract

Vection Technologies Ltd (ASX: VR1) announces the award of a significant contract valued at AU$0.5 million, anticipated to be recognized in the second quarter of FY25. This repeat order from a long-term customer underscores the strength of its collaboration.

This contract is vital in supporting national security intelligence for law enforcement and government agencies. It aligns directly with Vection’s strategic goal of integrating cutting-edge AI and XR technologies into mission-critical environments. By embedding itself into the customer’s supply chain, Vection not only secures repeatable and scalable projects but also solidifies its position for future opportunities. Additionally, this initiative enhances data security for crucial national security operations, demonstrating its commitment to excellence and reliability in high-stakes environments.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com