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Vection Technologies Ltd. ( (AU:VR1) ) has issued an update.
Vection Technologies has entered into a distribution agreement with EnginSoft SpA to distribute its Software-as-a-Service XR and AI solutions in Italy, France, and Germany. This partnership is expected to enhance Vection’s international growth and reinforce its revenue strategy, with a commitment of approximately $0.6 million in sales by 2027. The agreement underscores Vection’s expanding presence in European markets and highlights the growing demand for its products, following another recent distribution deal in Bulgaria.
More about Vection Technologies Ltd.
Vection Technologies is an enterprise-focused company that facilitates bridging the physical and digital worlds for businesses. It leverages 3D data through extended reality (XR) interfaces to enhance collaboration, learning, and sales. The company is listed on the Australian Securities Exchange and trades in the U.S. Over-The-Counter markets.
YTD Price Performance: -6.67%
Average Trading Volume: 8,936,722
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$42.63M
For a thorough assessment of VR1 stock, go to TipRanks’ Stock Analysis page.
