Vection Technologies (ASX: VR1) has secured a $4.4 million repeat order from a top 10 global defence contractor. The order is for mission-critical information and communications technology (ICT) infrastructure and AI-enabled analytics. Vection Technologies specialises in real-time technologies that merge the physical and digital worlds. Its solutions aim to help enterprises accelerate their digital transformation journeys.
The solution integrates secure ICT infrastructure with Vection’s INTEGRATEDXR platform. This new contract builds upon a $1 million proof-of-concept award from March with the same contractor. At that time, the contractor suggested a successful pilot could lead to a full $30 million tender. Vection anticipates recognising approximately $3.8 million in revenue from this repeat order during the 2025 financial year. The remaining balance is expected to be delivered over the following 12 months.
Vection has also signed a separate $2.6 million agreement with Area12 Consulting. This agreement will deliver the Safe-XR safety compliance platform for a prominent industrial client in Italy. The platform will utilise Vection’s Algho AI software to enable real-time voice interaction, regulation parsing, and contextual support via smart glasses. These smart glasses will facilitate hands-free inspections with augmented reality overlays, interactive checklists and remote expert collaboration.
According to Vection managing director Gianmarco Biagi, these deals will significantly strengthen Vection’s position in AI-driven compliance and industrial automation. He emphasized that the Safe-XR platform demonstrates the potential of AI and XR to transform industrial safety management, making it more intelligent, efficient, and responsive to user needs.
