Announcement • Apr 10
Vection Technologies Limited (ASX:VR1) completed the acquisition of Digital Experience Labs Pty Ltd for AUD 6.4 million. Vection Technologies Limited (ASX:VR1) executed a binding offer to acquire Digital Experience Labs Pty Ltd for AUD 4.2 million on September 29, 2025. The consideration consists of common equity of Vection Technologies Limited having a value of AUD 2.1 million to be issued for common equity of Digital Experience Labs Pty Ltd. Vection Technologies Limited will pay an earnout/contingent payment of AUD 2.1 million common equity. As part of consideration, AUD 4.2 million is paid towards common equity of Digital Experience Labs Pty Ltd. All staff of DXLabs will remain with the CEO, Luis Nejo at Digital Experience Labs.
Vection Technologies Limited executed a share sale agreement to acquire Digital Experience Labs Pty Ltd on March 31, 2026. Upfront consideration of AUD 2.1 million in Vection shares (2.8x EBIT). Earn-out for FY26 EBITDA aligned to a maximum opportunity of between AUD 0.3 to AUD 2.1 million in shares (for 75%-150% of FY2025 EBITDA performance).
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation. Completion is targeted for October 31, 2025, subject to satisfaction of the conditions.
The transaction is expected to close on April 9, 2026.
Vection Technologies Limited (ASX:VR1) completed the acquisition of Digital Experience Labs Pty Ltd for AUD 6.4 million on April 9, 2026. Consideration consists of upfront consideration of AUD 2.07 million (being 63,109,756 fully paid ordinary shares in Vection (2.8x EBIT)). The shares were issued without shareholder approval under Vection's existing ASX Listing Rule 7.1 capacity. Total of 18,292,683 shares issued as upfront consideration are subject to escrow for up to 3 years, to be released in 3 tranches – recourse for warranty and indemnity claims limited to escrowed shares. An earn-out is payable, subject to DXLabs achieving the hurdles (at least 75% and up to 150% of FY2025 EBITDA performance). The earn out payment is capped at AUD 2.1 million and is payable in ordinary fully paid shares in VR1. The earn out payment (if payable) is expected to be paid by September 30, 2026. Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cameron Petricevic was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$78.9m market cap, or US$55.9m). Announcement • Oct 07
Vection Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 21 million. Vection Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 21 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 350,000,001
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing Announcement • Oct 01
Vection Technologies Limited, Annual General Meeting, Nov 24, 2025 Vection Technologies Limited, Annual General Meeting, Nov 24, 2025. Announcement • Sep 30
Vection Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 21 million. Vection Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 21 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 350,000,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$8.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.4m free cash flow). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$97.6m market cap, or US$63.9m). Announcement • May 06
Vection Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 3.55 million. Vection Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 3.55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 236,666,668
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Apr 29
Vection Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 3.55 million. Vection Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 3.55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 236,666,667
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$35.0m market cap, or US$21.7m). New Risk • Feb 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$40.9m market cap, or US$25.9m). Announcement • Jan 20
Vection Technologies Limited Announces Board Changes Vection Technologies Limited announced significant changes to its Board of Directors, strengthening its leadership, strategic and governance capabilities while also positioning the Company for continued growth and enhanced shareholder value. Appointment of Marco Landi as Independent Non-Executive Chair: Mr. Marco Landi, former worldwide President of Apple Computer, was responsible for operations, marketing, and sales at Apple's Cupertino headquarters. He played a pivotal role in the Apple management team that brought Steve Jobs back after an 11-year absence. Before joining Apple, Mr. Landi spent 20 years at Texas Instruments, leading sales across EMEA and Asia. He is currently the director of the Europia Institute, an association that promotes ethical AI and emerging technologies. Mr. Landi's proven track record of revitalising high-profile technology firms bolsters Vection's strategic direction and global reputation in the AI and XR sectors. Appointment of Cameron Petricevic as Independent Non-Executive Director: Mr. Cameron Petricevic has over 20 years' experience in the financial industry, an experienced executive and Board member of both private and public companies. He has held previous roles at Acorn Capital and as a Partner at Kentgrove Capital and is a qualified Actuary (AIAA) and a graduate of the Australian Institute of Company Directors (GAICD). He is currently a Director/Founder at Lucrum Ventures Pty Ltd, a Non-Executive Director and Company Secretary of RocketBoots Ltd. and the Chair of Butn Ltd. Mr. Petricevic's background in mergers and acquisitions, valuations, capital markets and in growing early-stage companies equips Vection with critical insight to maximise shareholder value and accelerate the Company's growth. Mr. Gianmarco Orgnoni will also step down from the Board. Vection will continue to optimise its operations and corporate structure for growth. The Board also continues to review its function and skill capabilities, expecting further enhancements to ensure that Vection is adequately equipped for its next phase of growth in a range of geographies and sectors. Announcement • Jan 17
Vection Technologies Limited (ASX:VR1) completed the acquisition of The Digital Box S.p.A. from Messrs Marco Landi, Roberto Calculli, Ernesto Di Iorio, Antonio Perfido and Virgilio Picca. Vection Technologies Limited (ASX:VR1) entered into a sale and purchase agreement to acquire The Digital Box S.p.A. for €1.7 million from Messrs Marco Landi, Roberto Calculli, Ernesto Di Iorio, Antonio Perfido and Virgilio Picca on August 29, 2024. As part of the acquisition, Vection was to acquire 100% of the issued share capital of The Digital Box. The consideration consists of issue of 157.01 million ordinary shares of Vection Technologies Limited having a value of €1.24 million and issue of 54.8 million ordinary shares of Vection Technologies Limited having a value of €0.43 million in the form of earnout, if Digital Box achieves sales and EBITDA objectives and balance sheet valuation targets one year post-acquisition. For the period ending December 31, 2024, The Digital Box S.p.A. FY24 revenue of $10 million and EBITDA of $1 million,. The transaction is financed through the private placement of ordinary shares of Vection Technologies.
The transaction is subject to consummation of due diligence investigation, Vection obtaining all necessary regulatory authorizations, including shareholder approval and ASX approvals. As on October 28, 2024, Vection Technologies shareholders decided and passed resolution to approve the acquisition of The Digital Box S.p.A. The deal has been approved by the board of directors of Vection. The expected completion of the transaction is Q2 of Financial Year 2025.
Vection Technologies Limited (ASX:VR1) completed the acquisition of The Digital Box S.p.A. from Messrs Marco Landi, Roberto Calculli, Ernesto Di Iorio, Antonio Perfido and Virgilio Picca on January 17, 2025. Reported Earnings • Oct 03
Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.01 loss in FY 2023) Full year 2024 results: AU$0.009 loss per share (improved from AU$0.01 loss in FY 2023). Revenue: AU$33.7m (up 29% from FY 2023). Net loss: AU$9.86m (loss narrowed 8.9% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. New Risk • Sep 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (AU$11.3m market cap, or US$7.52m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.01 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (improved from AU$0.01 loss in FY 2023). Revenue: AU$34.5m (up 32% from FY 2023). Net loss: AU$8.51m (loss narrowed 21% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Announcement • Aug 29
Vection Technologies Limited (ASX:VR1) entered into a sale and purchase agreement to acquire The Digital Box S.p.A. for €1.7 million from Messrs Marco Landi, Roberto Calculli, Ernesto Di Iorio, Antonio Perfido and Virgilio Picca. Vection Technologies Limited (ASX:VR1) entered into a sale and purchase agreement to acquire The Digital Box S.p.A. for €1.7 million from Messrs Marco Landi, Roberto Calculli, Ernesto Di Iorio, Antonio Perfido and Virgilio Picca on August 29, 2024. As part of the acquisition, Vection was to acquire 100% of the issued share capital of The Digital Box. The consideration consists of issue of 157.01 million ordinary shares of Vection Technologies Limited having a value of €1.24 million and issue of 54.8 million ordinary shares of Vection Technologies Limited having a value of €0.43 million in the form of earnout, if Digital Box achieves sales and EBITDA objectives and balance sheet valuation targets one year post-acquisition. For the period ending March 31, 2024, The Digital Box S.p.A. reported total revenue of €9 million and EBITDA of €0.9 million. The transaction is financed through the private placement of ordinary shares of Vection Technologies.
The transaction is subject to consummation of due diligence investigation, Vection obtaining all necessary regulatory authorizations, including shareholder approval and ASX approvals. The deal has been approved by the board of directors of Vection. The expected completion of the transaction is Q2 of Financial Year 2025. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$19.2m market cap, or US$12.5m). Announcement • Nov 02
Vection Technologies Limited Announces Chief Financial Officer Changes Vection Technologies Limited announced the appointment of Mr. Riccardo Leoni as the Interim Chief Financial Officer ("CFO"). Mr. Leoni takes over from Mr. Derek Hall, who will continue to work as the company secretary after stepping down from his role as CFO. Mr. Leoni is a seasoned financial professional with experience in listed and unlisted entities. He is expected to play a significant role in establishing the necessary financial reporting structures to enable the Company to achieve its growth plans. As the Company's primary market is in Europe, having a CFO based in Europe is critical to effectively managing the Company's operations going forward. Announcement • Oct 06
Vection Technologies Limited, Annual General Meeting, Nov 28, 2023 Vection Technologies Limited, Annual General Meeting, Nov 28, 2023. Reported Earnings • Oct 05
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: AU$0.024 loss per share (further deteriorated from AU$0.006 loss in FY 2022). Revenue: AU$26.1m (up 43% from FY 2022). Net loss: AU$10.8m (loss widened 62% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Sep 05
Vection Technologies Limited (ASX:VR1) completed the acquisition of Business of Invrsion S.r.l Vection Technologies Limited (ASX:VR1) entered into an binding agreement to acquire Business of Invrsion S.r.l for €4 million on June 7, 2023. The consideration payable by the Company at settlement is one performance right which converts into fully paid ordinary shares in VR1 subject to Matteo Esposito remaining employed until June 30, 2026 and The Performance Right will convert into a number of Shares that is equal to the lesser of 0.95 times the audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2023, 2 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2024, 2 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2025; and 1.5 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2026 and €4 million divided by the greater and the volume weighted average price of the Shares traded in the 10-days prior to the day of the public lodgement to market of the Company’s consolidated audited accounts for each relevant period. This proposed acquisition enhances Vection Technologies’ position as a leader in the integrated-extended reality (XR) technology space, providing customers with innovative XR solutions and unlocking new organic growth opportunities. Settlement of the acquisition is conditional upon the satisfaction of conditions precedent, including Management Agreements, Business plan, Business Transfer and Due diligence. Settlement of the acquisition will occur on or prior to July 31, 2023. Immediately value accretive acquisition delivering positive EBITDA and €1.06 million in revenue, unlocking strong opportunities to drive further organic growth for the combined group.
Vection Technologies Limited (ASX:VR1) completed the acquisition of Business of Invrsion S.r.l on September 5, 2023. New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$45.1m market cap, or US$29.2m). Reported Earnings • Sep 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: AU$0.025 loss per share (further deteriorated from AU$0.006 loss in FY 2022). Revenue: AU$26.2m (up 44% from FY 2022). Net loss: AU$11.2m (loss widened 68% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$45.1m market cap, or US$29.2m). Announcement • Aug 09
Vection Technologies Limited (ASX:VR1) entered into a binding agreement to acquire 100% stake in Myr S.R.L from Freexit S.r.l for AUD 0.27 million. Vection Technologies Limited (ASX:VR1) entered into a binding agreement to acquire 100% stake in Myr S.R.L from Freexit S.r.l for AUD 0.27 million on August 8, 2023. Based on the terms of the agreement Vection Technologies Limited will issue 6.2 million shares to Freexit S.r.l and consideration payable for the acquisition is based on the performance of Myr, and vests after June 30, 2025. The performance-based consideration for the proposed acquisition being a single performance right that converts into fully paid ordinary shares in the Vection Technologies based on revenue milestones for Myr in financial year 2025, with the minimum revenue milestone being AUD 0.6 million. Umberto Brocchetto CEO of Myr remaining employed until June, 30, 2025. Myr delivered an unaudited revenue of AUD 0.03 million for the year ended June 2023. The transaction is subject to settlement of the acquisition is conditional upon the satisfaction of conditions precedent, including Management agreement: the execution of specific employment agreement with the Myr CEO, for a period of minimum 3 years; Board Advisory agreement: the execution of an agreement with Adriano Goldschmied regarding the terms and conditions of a cooperation relationship as board advisor; Business plan: the drafting of a joint 3-year business plan; Due diligence on Myr’s financial and legal position at the sole satisfaction of the Vection, Financial statements: approval by Myr’s quota holders of the 2021 and 2022 financial statements; and Definitive agreement: the parties entering into the definitive agreement in respect of the proposed acquisition. Settlement of the acquisition is expected to occur on or prior to September 30, 2023. Announcement • Jun 07
Vection Technologies Limited (ASX:VR1) entered into an binding agreement to acquire Business of Invrsion S.r.l for €4 million. Vection Technologies Limited (ASX:VR1) entered into an binding agreement to acquire Business of Invrsion S.r.l for €4 million on June 7, 2023. The consideration payable by the Company at settlement is one performance right which converts into fully paid ordinary shares in VR1 subject to Matteo Esposito remaining employed until June 30, 2026 and The Performance Right will convert into a number of Shares that is equal to the lesser of 0.95 times the audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2023, 2 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2024, 2 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2025; and 1.5 times the AASB audited revenue for the Invrsion Business, as independently verified by the Company’s auditors for the financial year ending June 30, 2026 and €4 million divided by the greater and the volume weighted average price of the Shares traded in the 10-days prior to the day of the public lodgement to market of the Company’s consolidated audited accounts for each relevant period. This proposed acquisition enhances Vection Technologies’ position as a leader in the integrated-extended reality (XR) technology space, providing customers with innovative XR solutions and unlocking new organic growth opportunities. Settlement of the acquisition is conditional upon the satisfaction of conditions precedent, including Management Agreements, Business plan, Business Transfer and Due diligence. Settlement of the acquisition will occur on or prior to July 31, 2023. Immediately value accretive acquisition delivering positive EBITDA and €1.06 million in revenue, unlocking strong opportunities to drive further organic growth for the combined group. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.009 loss per share (further deteriorated from AU$0.002 loss in 1H 2022). Revenue: AU$8.31m (down 11% from 1H 2022). Net loss: AU$8.06m (loss widened 274% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Dec 02
Vection Technologies Limited Appoints Jacopo Merli as Executive Director Vection Technologies Ltd. announced that, following its 2022 Annual General Meeting, Mr. Jacopo Merli has been appointed to the Board as an Executive Director, effective 30 November 2022. Mr. Merli is the founder and CEO of JMC Group. During his university career in aerospace engineering, Mr. Merli joined as consultant to the Italian branch of a NASDAQ listed world leader in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processor (DSP) and integrated circuits (ICs) acquiring key knowledge of large company management processes. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Bert Mondello was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 12
Vection Technologies Limited, Annual General Meeting, Nov 30, 2022 Vection Technologies Limited, Annual General Meeting, Nov 30, 2022. Reported Earnings • Oct 04
Full year 2022 earnings released: AU$0.006 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.006 loss per share (further deteriorated from AU$0.003 loss in FY 2021). Revenue: AU$18.3m (up 457% from FY 2021). Net loss: AU$6.68m (loss widened 182% from FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 13
Vection Technologies Limited Provides Revenue Guidance for the Fiscal Year Ending June 30, 2023 Vection Technologies Limited provided revenue guidance for the fiscal year ending June 30, 2023. For the period, Company expects revenue to be in the range of $24 million to $26 million. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.045 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.045 loss per share (down from AU$0.003 loss in FY 2021). Revenue: AU$18.7m (up 440% from FY 2021). Net loss: AU$5.22m (loss widened 117% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Jul 29
Vection Premiers Metaverse Embedded App for Webex Meetings Vection Technologies has published a first-of-its-kind metaverse embedded app in the Webex App Hub. In the world of hybrid work, Vection Technologies has partnered with Webex to challenge the status quo of standard 2D presentations. The 3DFrame embedded app enables Webex Meeting participants to engage in virtual environments custom built in a simple, no-code interface without ever leaving the Webex Meeting. From images, videos and PDF presentations to complex 3D objects like cars and furniture, 3DFrame brings Webex meetings' content to life. Users can conceptualize and collaborate on products from anywhere in real-time. This levels the playing field, drives inclusivity, and eliminates the lofty logistical costs of getting all the right people and products together face-to-face. Announcement • Jun 30
Vection Technologies Limited Provides Revenue Guidance for the Year 2022 Vection Technologies Limited provided revenue guidance for the year 2022. Fiscal 2022 revenue is expected to land at the mid-range of the previously stated revenue guidance of $17 to $19 million, representing an increase of over 400% compared to FY21 audited revenue of approx. $3.5 million. The final revenue figure for fiscal 2022 is subject to audit review. Announcement • Jun 14
Vection Technologies Introduces Webex-First Integration to Bring Meetings' Content into the Metaverse Vection Technologies has unveiled 3DFrame for Webex by Cisco. 3Dframe is the no-code metaverse presentations App that brings Webex meetings' content to life. Webex's Embedded Apps Framework expands Webex meetings' content into the metaverse, through its powerful integration with 3DFrame by Vection Technologies. 3DFrame is a first-of-its-kind seamless integration of metaverse technology into Webex. A Webex user can now extend its meetings into fully customized virtual worlds to present content in 3D and virtual reality (VR) environments: from images, videos, and PDF presentations to complex 3D objects like cars and furniture. This powerful integration brings remote product presentations into a new age of hybrid work. Announcement • Jun 06
Vection Technologies Limited to Launch New Branding for its INTEGRATEDXR Product Suite Vection Technologies Limited announced it will be launching new branding for its INTEGRATEDXR product suite. This branding has been designed to position the Company at the forefront of the XR technology revolution. In particular, the Company is introducing new brands for the "FrameS" and Trainer Creator" products, while introducing an exciting INTEGRATEDXR evolution, the "XRKiosk": EnWorks is the evolution of Trainer Creator. EnWorks is a powerful solution to support training, manufacturing, and maintenance processes, with augmented reality-powered visual assistance. 3DFrame is the evolution of FrameS. It is the Company's no-code enterprise metaverse app for immersive product presentations. XRKiosk is an integrated XR solution that blends the physical and virtual worlds in one comprehensive solution. It is designed to blend reality to deliver a true omnichannel experience for in-store sales. PRODUCTS AND SERVICES POSITIONING: As part of this rebranding, the Company will bring to fruition the learnings derived from its direct and indirect (partners) commercial efforts, within a comprehensive breakdown of INTEGRATEDXR product, services, and customer value: SEO CONTENT, BLOG POSTS, CASE STUDIES AND SUCCESS STORIES: The online rebranding will encompass a revisited design, look, and feel of the Company's website. The new website has been designed to make Vection Technologies more accessible to the needs of global markets, bringing together a technology feel with an up-and-coming growing enterprise brand. The objective of this online rebranding is to make the Company's INTEGRATEDXR suite accessible for global clients, while generating strong online sales opportunities. Announcement • May 03
Vection Technologies Limited Unveils Filmmaking Solution Vection Technologies Ltd. announced the creation of VRONE V-Pro, an integrated appliance layer for Virtual Production in the filmmaking industry. The solution has been developed in partnership with LunoStudios and successfully tested with the LED wall in Europe, located within the film studio in Europe. During the current year, Vection Technologies has been developing an integrated appliance layer for Virtual Production (V-Pro) in the filmmaking industry, called VRONE V-Pro. This solution represents the next generation of the VRONE solution. The solution was successfully developed in partnership with LunoStudios and was created based on a specific request of DELL Technologies (DELL) to Vection Technologies. VRONE V-Pro has been successfully tested with the LED wall in Europe, located within Cinecittà in Rome, the film studio in Europe. One of the most critical revolutions in filmmaking is the uprise of a technology-enabled workflow called Virtual Production. V-Pro workflows leverage game engines' real-time rendering power (e.g. Unreal Engine) to film real actors on a virtual set, surrounded by giant LED video screens. Compared to traditional green screen setups, V-Pro enables on-the-go digital environments alterations, and real-time interactions of actors and environments. The objective of V-Pro is to enable high quality productions at reduced budgets and time-to- release. V-Pro is a critical innovation in the movie industry, generating extraordinary benefits for film makers, including: Safer and more controlled environment for shooting. Reduced or eliminated travel and transport expenses for filming on location. Reduction of insurance costs. More controlled budgetary process for producers.More efficient and flexible creative process. Lately, V-Pro has been used in popular Disney+ shows like The Mandalorian and Loki and in Paramount+ show Star Trek: Discovery. VRONE V-Pro is an integrated appliance developed by Vection Technologies in partnership with LunoStudios. Vection Technologies commenced the development of the VRONE V-Pro in July 2021 responding to a specific request of DELL Technologies (DELL) through its subsidiary JMC Group. This development has led to the creation of a new paradigm in Virtual Production: the implementation of a scalable appliance layer capable of simultaneously managing high quantity of data (from the LED wall pixels) and devices for filmmaking. The first iteration of the VRONE V-Pro appliance has been developed, and tested with the LED wall in Europe, located within Cinecittà in Rome, the film studio in Europe. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Bert Mondello was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Vection Technologies Limited Provides Revenue Guidance Fiscal Year 2022 Vection Technologies Limited provided Fiscal Year 2022 revenue guidance of $17 to $19 million. Announcement • Mar 03
Vection Technologies Limited Provides Revenue Guidance for the Full Fiscal Year 2022 Vection Technologies Limited provided revenue guidance for the full fiscal year 2022. For the period company expects revenue of $17 million to $19 million. Announcement • Dec 22
Vection Technologies Limited Provides Revenue Guidance for the First Half and Full Fiscal Year of 2022 Vection Technologies Limited provided revenue guidance for the first half and full fiscal year of 2022. For the first half, the company expects revenue guidance of $8 million to $9 million.For the full year, the company expects revenue guidance of $17 million to $19 million. Announcement • Nov 24
Vection Technologies Ltd Unveils Metaverse Release Towards Webex Integration Vection Technologies Ltd. announced the unveiling of its FrameS "Metaverse" release, in anticipation of becoming an Embedded App within Webex in the second half of FY22. Highlights: Vection unveils FrameS Metaverse release introducing autonomous 3D World content creation Strategic milestone towards the integration with Webex by Cisco during the second half of the fiscal year Webex by Cisco is the leading enterprise solution for video conferencing and online meetings, counting over 590 million monthly participants during the global pandemic.1 Metaverse release being rolled-out to existing user base including, among others, high-end fashion retailer Giorgio Armani and luxury yachts manufacturer Ferretti Group Metaverse to become the new internet supported by the recent acceleration of Facebook ("Meta") and Microsoft ("Mesh for Microsoft Teams") Latest software release strategically positions Vection to capitalise on enterprises' move into the Metaverse. The unveiling of the newest FrameS release is considered a critical material milestone, rolling out with the key new feature of allowing organizations to autonomously build self-contained immersive metaverses: enterprise focussed, dynamic 3D worlds where people can participate equally from anywhere in the world. The "Metaverse" release forms part of the development roadmap for the integration of FrameS with Webex by Cisco as an Embedded App during the second half of the current fiscal year, combining the "3D worlds" capabilities of FrameS with Webex's video conferencing and online meetings tools (apphub.webex.com/coming-soon). Webex by Cisco is the leading enterprise solution for video conferencing, online meetings, screen share, and webinars counting over 590 million monthly participants during the recent global pandemic. As a Company focussed on building breakthrough XR solutions for the enterprise of the future, the latest FrameS release, strategically positions Vection to capitalise on the significant interest of organizations who are seeking to address the problem of boosting remote workforce productivity and collaboration while maintaining their innovative advantage. Aligned with this strategy, the Company has begun to roll-out the new "Metaverse" release to its existing user base including, among others, high-end fashion retailer Giorgio Armani and luxury yachts manufacturer Ferretti Group, allowing them to join their own self-contained metaverses, combining the physical and digital in a virtual environment. The next milestones of development will see the Company's R&D focus move onto a wide suite of new features, higher graphic resolutions and a stronger cloud infrastructure to support a bigger user base. The Metaverse has been described as a set of virtual spaces with diverse 3D objects where users can interact and explore as part of a 3D world, and has been foreshadowed as what the internet will be next. The "Metaverse" term has recently received significant interest, with leading technology companies Facebook ("Meta") and Microsoft ("Mesh for Microsoft Teams") positioning themselves to develop tools and solutions for the new internet to come. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$3.47m (up 11% from FY 2020). Net loss: AU$2.41m (loss widened 107% from FY 2020). Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$3.47m (up 11% from FY 2020). Net loss: AU$2.41m (loss widened 107% from FY 2020). Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.03 loss per share (vs AU$0.002 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$3.47m (up 11% from FY 2020). Net loss: AU$2.27m (loss widened 95% from FY 2020). Announcement • Aug 05
Vection Technologies Limited (ASX:VR1) completed the acquisition of JMC Group SRL from Jacopo Merli. Vection Technologies Limited (ASX:VR1) signed binding agreement to acquire JMC Group SRL from Jacopo Merli for €2.5 million on June 15, 2021. Under the terms, Vection Technologies Limited (ASX:VR1) will issue 64 million shares to shareholders of JMC Group SRL. The consideration shares issued will be subject to voluntary escrow for 18 months from settlement. Vection Technologies is fully funded to accelerate its global distribution strategy following this acquisition. JMC Group reported total revenues of €3.8 million and EBITDA of €0.25 million. The transaction is conditional upon completion of due diligence at Vection’s sole satisfaction, parties obtaining all relevant approvals from regulators and third parties, parties entering a full form sale and purchase agreement to more fully document the terms of the acquisition and parties entering a full form sale and purchase agreement to more fully document the terms of the acquisition and Jacopo Merli entering into an employment agreement with JMC and Vection Technologies Limited on terms acceptable to the parties. The Company expects for the transaction to settle in July, 2021. The transaction is immediate value accretion. Combined Group would deliver revenues exceeding €6.2 million. As of July 29, 2021, all conditions have been fulfilled in the transaction.
Vection Technologies Limited (ASX:VR1) completed the acquisition of JMC Group SRL from Jacopo Merli on August 3, 2021. Pursuant to the agreement, Vection has issued 63,912,230 fully paid ordinary shares. The consideration shares issued are subject to voluntary escrow for 18 months from 3 August 2021. Vection has entered into an agreement with Jacopo Merli, to appoint him as Chief Executive Officer of JMC from August 3, 2021. Announcement • Jul 03
Vection Technologies Ltd Announces the Launch of Mindesk for Autodesk Revit Vection Technologies Ltd. announced the launch of Mindesk for Autodesk Revit, the major player in the BIM market, with a market coverage of about 70% and ~11m AEC users. This announcement follows on from the Company's acceptance into the Autodesk's Global Outsight Network Residency program as part of the Microsoft Hololens 2 Autodesk Request For Proposal. Vection progresses its CAD/CAE/BIM technology integration strategy with Autodesk Revit, significantly expanding the depth of design platforms supported by its proprietary Mindesk platform. This integration represents a significant commercial opportunity for the Company as it strengthens its vertical industry positioning in Architecture, Engineering and Construction (AEC) and Real Estate. The commercial launch of the Mindesk Suite 2022 is expected for late third quarter of 2021, however, current and new Mindesk subscribers will have immediate access to Mindesk Suite 2022 preview. The Autodesk Revit integration with Mindesk is the result of joint research and developments efforts stemming from the Prismarch project, financed under the EU Horizon 2020 action and Autodesk's Global Outsight Network Residency Program, which Mindesk joined in October 2020. It leverages XR, VR and real-time rendering technologies to provide Revit users with a competitive ArchViz and collaboration solution. This integration enables a number of flexible use cases aimed at accelerating the development of AEC design and pre-construction documents: Mixed Reality (XR) holographic view: Through Mindesk, designers can use Microsoft Hololens 2 to visualize a 3D hologram of their Revit project. The hologram acts as an actual extension of the monitor in the third dimension as it can be used during the development phases during Revit runtime. This 3D view makes the communication between designer and non-experts extremely easy in complex projects scenarios. Virtual Reality collaborative design reviews: users can join the Mindesk cloud network to visualize, review and discuss BIM projects in VR remotely. This eliminates the necessity to meet in person. Edits to the BIM project can be made from Revit and visualized by other VR remote participants. Real-time photorealistic render in Unreal Engine: Designers can obtain instant photorealistic renders by linking Revit to Unreal Engine through Mindesk. The automated render process leverages Unreal's ray tracing capabilities as well as official IES lighting profiles for a professional-grade output. Autodesk Revit relies on a user base of ~11m AEC users1 of which ~1m actively report Revit proficiency on their. According to The National BIM Report 2019, Autodesk is the major player in the BIM market, with a market coverage of about 70%. BIM is becoming increasingly adopted by AEC professionals worldwide and, in some countries, is mandatory by law: in the U.K. BIM is mandatory for any publicly funded building project, while Australia, and certain States in the USA mandates BIM for large public projects, and the EU is increasing BIM requirements by 2022.3 The integration of Revit further complements an existing ecosystem of Mindesk real-time integrated applications including McNeel Rhinoceros and Grasshopper, Epic Games Unreal Engine, and Dassault Solidworks. These aspects make the Revit integration with Mindesk a key milestone in Vection's growing AEC global strategy, which addresses a large yet constantly increasing audience of customers. The integration of Revit enables Vection to leverage Autodesk's capillary global reseller network for the distribution of its VR products. Therefore, this announcement is deemed material by the Company as it significantly advances the recurring revenue opportunities deriving from the Mindesk platform. Announcement • Jun 15
ion Technologies Limited (ASX:VR1) signed binding agreement to acquire JMC Group SRL from Jacopo Merli for €2.5 million. Vection Technologies Limited (ASX:VR1) signed binding agreement to acquire JMC Group SRL from Jacopo Merli for €2.5 million on June 15, 2021. Under the terms, Vection Technologies Limited (ASX:VR1) will issue 64 million shares to shareholders of JMC Group SRL. The consideration shares issued will be subject to voluntary escrow for 18 months from settlement. The transaction is conditional upon completion of due diligence at Vection’s sole satisfaction, parties obtaining all relevant approvals from regulators and third parties, parties entering a full form sale and purchase agreement to more fully document the terms of the acquisition and parties entering a full form sale and purchase agreement to more fully document the terms of the acquisition. The Company expects for the transaction to settle in July, 2021. Announcement • May 24
Vection Technologies Ltd Announces the Completion of the First Milestone as Part of Its Public Hospital Trial Vection Technologies Ltd. announced the completion of the first milestone as part of its public hospital trial. The solution has enabled surgeons to visualise in their field of view (hand-free), in AR, all the data necessary for the surgery, including diagnostic images, surgery checklist, endoscopic video-feed, and more. Highlights: Vection completes first public hospital trial milestone - XR solution deployed successfully within the operating theater - This solution enables the visualization of surgery data directly in the surgeon's field of VIR RE view via AR - Healthcare & Pharma technology portfolio ready to scale with Company's focussed division - Acceleration of the Company's DX initiatives within the healthcare industry AUGM. Overview: During the second quarter of the 2021 fiscal year, Vection commenced an XR-technology integration within the Italian public healthcare sector with the Luiss Business School, the creator of the Italian Model for Risk Management in Healthcare (Healthcare Model), to accelerate the promotion of its XR Healthcare solutions across the public and private healthcare sectors. Initially scheduled as a three month trial, the integration has been significantly extended to ensure the development of key features together with leading medical doctors, resulting in a software solution ready to be scaled across healthcare facilities. As part of this process, Vection's XR solution has now been deployed live within the operating theater, and showcased with diverse medical doctors ready to adopt the solution in the near future. Following the launch of the Vection Healthcare and Pharma division, with initial agreements currently being negotiated with strategic partners, the Company expects to significantly advance its market penetration strategy within this sector in the coming months. As
part of the necessary commercial marketing tool-set, the Company has launched its Healthcare technologies portfolio: https://youtu.be/tel4ymdGuOk. The completion of the first milestone of the Company's first public hospital trial is deemed to be a material advancement of the Company's technology development within the healthcare sector, heavily restricted by its high barriers to entry. The due process followed by the Company during the integration process is considered to be a strategic approach to ensure a first-mover advantage within the public healthcare sector while retaining the support of key decision makers towards a wider Digital Transformation (DX) approach. Announcement • Feb 01
Vection Technologies Ltd Announces Execution of Original Equipment Manufacturer Agreement with HP Inc Vection Technologies Ltd. announced the execution of an Original Equipment Manufacturer (OEM) agreement with multinational technology company HP Inc. (HP). The OEM collaboration will play a critical role in the delivery of Virtual Reality (VR) Integrated solutions (HP's VR hardware and Vection's VR Software) in over 170 countries via HP's global network. This agreement follows on from the entry of Vection's Mindesk in the HP Independent Software Vendor Partner Program: Virtual Reality Track during August 2019. Although the financial impact of this agreement is not determinable at this time, with direct revenue subject to the successful delivery of marketing and sales initiatives by the two companies, this agreement is anticipated to be material for the Company. This view is based on the expanded commercial ability of the company through HP's global network. Announcement • Jan 11
Vection Technologies Limited Launches Cad XR Breakthrough At the CES 2021 Vection Technologies Limited announce the launch of an innovative Augmented and Mixed reality (XR) interface for Computer Aided Design (CAD) software released with the latest Mindesk Suite 2021, during the most influential tech event in the world, the CES® 2021. Vection Technologies will be officially launching its breakthrough Mindesk release at the world's biggest annual consumer electronics show, the CES® 2021, an all-digital experience where the biggest names in the industry will be sharing their latest and great innovations online via the organisers media hub. Mindesk's latest release extends this platform with the integration of Microsoft Hololens 2, Varjo XR1 and Varjo XR3. This new interface introduces an unprecedented paradigm shift in CAD, enabling engineers and designers to expand their 2D monitor into the surrounding space in XR. With Mindesk, users can place a virtual hologram of their model next to their pc workstation, interacting with the CAD scene through mouse and keyboard or a 6DOF XR controller, as well as seamlessly jump from the 2D monitor to the hologram. The release of Mindesk Suite 2021 is a significant milestone for the Company. This latest release incorporates XR for leading devices including Microsoft Hololens 2, Varjo XR1 and Varjo XR3 and launching at the CES® 2021 will provide significant new exposure for the software to potential new clients. Announcement • Dec 17
Vection Signs Agreement with Cisco Italy on XR Collaboration Vection Technologies Ltd. announced the execution of a memorandum of understanding with Cisco Italy, to integrate Cisco's collaboration platforms with Vection's real-time Virtual and Augmented Reality (XR) technologies. collaboration for the integration of Vection's XR technologies with Cisco's collaboration platforms, unlocking the next frontier of collaborative workflows. In the current global environment, distributed teams and customers around the world still face the challenge of replicating the real-life experience of being in a meeting or a product presentation. Through this collaboration with Cisco Italy, Vection seeks to solve this challenge, bringing teams closer and transforming how people interact and experience things remotely via 3D, XR and face to face video conferencing tools, delivering novel enterprise-grade solutions to businesses globally. Customers in a wide range of industries including education, retail and industrial will be offered a unique platform for next generation collaborative workflows keeping people engaged and happy
while working. During 2021, Vection and Cisco Italy will identify initial market opportunities to jointly bring to market these innovative solutions for collaboration. Announcement • Dec 16
Vection Technologies Ltd Announces the Execution of A Framework Agreement to Introduce Virtual and Augmented Reality Technologies Within the Art/Cultural Sector Vection Technologies Ltd. announced the execution of a framework agreement to introduce virtual and augmented reality technologies within the art/cultural sector and, in particular, art museums, galleries and expositions, both public and private. This agreement is anticipated to be material for the company as it represents a subsequent significant opportunity to introduce its virtual and augmented reality (XR) technologies within the art/cultural sector under a structured framework agreement with clear initial revenue targets and a knowledgeable partner as Poetronicart. During the first quarter of 2021, the parties will collaborate to finalize a first pilot platform and definitive agreements. Announcement • Nov 27
Vection Technologies Ltd Collaborates with Trenitalia S.P.A. to Introduce Augmented Reality Maintenance Across National Train Fleet Vection Technologies Ltd. announced an initial collaboration with Trenitalia S.p.A. to introduce the company’s augmented reality and remote maintenance technologies for its regional train fleet and across its whole value chain. Announcement • Nov 19
Vection Technologies Ltd Announces Execution of A Memorandum of Understanding with Olivetti Vection Technologies Ltd. announced the execution of a Memorandum of Understanding (MoU) with Olivetti, the fully owned IoT Digital Farm of TIM Group. Overview: Vection and Olivetti will collaborate to introduce Vection's real-time applications based on the use of virtual and augmented reality (VR&AR), in the B2B and B2C market segments, to enrich and integrate Olivetti's existing solutions portfolio. Olivetti is a leader in the retail and office segments, bringing its consolidated experience in sectors such as Internet of Things (IoT), proximity data storage and processing systems, and wired, wireless and Machine to Machine connectivity, due to its outstanding skills in business empowerment through digital evolution and innovation. The MoU will focus on the definition of an integrated commercial proposition to insert Vection's solutions within Olivetti's market verticals, including Manufacturing and Logistics, Agriculture & Farming, Urban-Automotive & Infrastructure, Financial-Insurance & Healthcare, Retail & SOHO, according to TIM Group's guidelines. The MoU is the framework agreement upon which Vection Technologies and Olivetti will build a solid partnership and create revenue generative market opportunities, leveraging the opportunities offered by TIM Group's fixed and mobile network including the 5G technology. Announcement • Nov 05
Vection Technologies Limited, Annual General Meeting, Dec 04, 2020 Vection Technologies Limited, Annual General Meeting, Dec 04, 2020, at 09:00 W. Australia Standard Time. Location: 642 Newcastle Street Leederville Western Australia Australia Agenda: To consider the adoption of remuneration report; to consider election of directors; to consider the approval of 7.1A mandate; to consider the ratification of placement of shares; to consider the ratification of issue of unlisted options; to consider the removal auditor; to consider the appointment of auditor; and to consider the approval for the issue of shares to Director - Placement. Announcement • Oct 13
Vection Technologies Limitedintegrates with Dell Precision Hw to Power Global Vr Solution Vection Technologies Limited has launched its first DELL powered Virtual Reality integrated solution for enterprise, VRONE. VRONE is a powerful VR-integrated solution for enterprises' digital future, designed by JMC Group and powered by DELL's WKS hardware and Vection Technologies' real-time VR software suite. VRONE harnesses the best of DELL's WKS hardware bringing to market an industry first integrated solution to unlock the full power of VR visualisation for live-streaming and 3D rendering. The solution is now available for global distribution via DELL'S Global OEM SnP Channel and via JMC Group and Vection Technologies' global distribution network with multi-sector market applicability across the entirety of the enterprise value chain. The solution will be initially available in three variations harnessing the advanced features of Vection's FrameS and Mindesk real-time software. Announcement • Oct 10
Vection Technologies Announces Collaboration with Autodesk Technology Centers and the Microsoft Mixed Reality Team for the Integration of Mindesk XR Software Vection Technologies Ltd. announced its acceptance into Autodesk's Global Outsight Network Residency program as part of the Microsoft Hololens 2 Autodesk Request For Proposal (RFP), through its Mindesk North America division. Vection Technologies will collaborate with the Autodesk Technology Centers and the Microsoft Mixed Reality team for the integration of the Mindesk XR software with the Microsoft Hololens 2 device to impact the industries of architecture, construction and manufacturing. Vection Technologies will join Autodesk's Global Outsight Network Residency program as part of the Microsoft Hololens 2 Autodesk RFP. The integration of the Mindesk software with the Microsoft Hololens 2 device, seeks to leverage the promising use cases of Mixed reality (XR) in the Architectural, Engineering, and Construction (AEC) industries, to create opportunities for significant improvements in efficiency and sustainability. Following the initial success of the Mindesk real-time native Augmented Reality (AR) /Virtual Reality (VR) platform for Rhinoceros and Solidworks Computer Aided Design (CAD) software, Vection progresses with its integration strategy with Autodesk Revit and Microsoft Hololens 2. This integration is anticipated to be a strategic technology advancement, enabling unprecedented workflows where Mindesk-based AR design reviews will introduce real-time interaction and editing of BIM assets, in addition to visualisation. This platform evolution seeks to integrate Autodesk Revit on all Windows Mixed Reality devices, including VR headsets such as the HP Reverb 2 and the Microsoft Hololens 2, ensuring more accessible collaborative review sessions on web interfaces based on WebXR, enabling a virtually infinite number of participants to join the same design session. The interface will address both engineering applications focused on parametric design, and architectural applications focused on photorealism, opening significant opportunities to leverage Epic Games' Unreal Engine due to the Company's partnership and past collaborations. The full native integration of Microsoft Hololens AR and Building Information Modelling (BIM) software will assist the AEC, naval and mechanical design industries to secure a simple access point to BIM assets via Microsoft Hololens 2, without any model conversion, wait time, data preparation or specific technical skill-set, for unprecedented collaborative workflows. Autodesk Revit is a Building Information Modelling (BIM) software for architects, landscape architects, structural engineers, mechanical, electrical, and plumbing engineers, designers and contractors, with an estimated 11 million of active AEC users. Announcement • Oct 06
Vection Technologies Limited Joins Facebook ISV Program & Launches Mindesk 2020.4 Vection Technologies Ltd. announced its Entry into the Facebook Oculus Independent Software Vendor (ISV) program and the launch of Mindesk 2020.4. Vection Technologies has joined the Facebook ISV Program through its Mindesk North America division. The Facebook Oculus for Business program was launched as part of the Oculus Connect 6 events, including an independent Software Vendor track. The Oculus ISV Program is a program that works with enterprise developers and Independent Software Vendors (ISVs) to accelerate customer adoption of Virtual Reality (VR) solutions built for Oculus enterprise products. With the Oculus ISV Program, Facebook seeks to attract the "VR super powers". Vection Technologies will advance the Facebook ISV program to accelerate go-to-market and Oculus adoption from the significant user base. As part of the Facebook Oculus ISV program, ISVs gain access to a wide range of resources, as well as the opportunity to collaborate with Oculus experts. Mindesk 2020.4 Network Multi-User VR CAD; Following on from the successful Closed Beta Launch of Mindesk 2020.3 in August 2020, the company has now officially brought to market the much anticipated Network Multi-User VR in two of the most wide-spread CAD software on the market: Rhino 6 and Solidworks 2019/2020. Mindesk 2020.4 introduces powerful features to help teams collaborate on the same commercial CAD project through multi-user VR sessions for collaborative design, reviews or for brainstorming of new ideas. Mindesk 2020.4 represents a strong leap forward in the development of the Mindesk software, aligned with the company's 6-months objective of bringing to market cloud and LAN collaboration features covering the three levels of value creation: Enterprise, Team and User. Reported Earnings • Oct 03
Full year earnings released - AU$0.002 loss per share Over the last 12 months the company has reported total losses of AU$1.16m, with losses narrowing by 74% from the prior year. Total revenue was AU$3.14m over the last 12 months, up 129% from the prior year. Announcement • Sep 22
Vection Technologies Limited Secures First Hospital Trial Vection Technologies Ltd. has signed a first public hospital to trial its Augmented Reality healthcare solutions. Vection Technologies will collaborate with the AORN S.G. Moscati hospital and LUISS Business School to introduce AR solutions in the Italian Model for Risk Management in Healthcare promoted by LUISS Business School, a national model that operators must adopt to manage risk in Healthcare. The trial will focus on integrating Vection Technologies'AR Healthcare solutions within the Moscati hospital,
focusing on: Real-time integration of data fields from endoscopic equipment in the surgeon's field of view, through AR wearable devices. This solution delivers a more precise and safer AR-based navigation system compared to conventional endoscopic procedures. Real-time integration of electronic medical record system with AR, enabling healthcare professionals to access medical information through AR wearable devices.