Vection Technologies Ltd. (AU:VR1) has released an update.
Vection Technologies Ltd. has secured two multi-year contracts worth $1.2 million with technology service providers serving law enforcement and security agencies, which will see revenues recognized from FY24 through FY26. These contracts, which emphasize cybersecurity and ICT infrastructure, are a continuation of Vection’s successful partnerships and are expected to contribute to the company’s earnings, though not significantly affecting earnings per share in FY24. The company anticipates further collaboration with these clients, suggesting sustained and potentially growing future business engagements.
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