Vection Technologies Ltd (ASX:VR1) Announces $0.9M Strategic AI & XR Partnership
Strategic Partnership Agreement
Vection Technologies Ltd (ASX:VR1, OTC:VCTNY) has entered a strategic partnership with SMARTENGINEERING B.V., committing to a minimum of $0.9 million in sales by December 2027. This three-year distribution agreement will accelerate the introduction of artificial intelligence (AI) and extended reality (XR) technologies within engineering design and technical training across the EU’s industrial sector.
Operational Highlights
The collaboration grants SMARTENGINEERING non-exclusive distribution rights to Vection’s AI and XR portfolio in the EU, supporting Vection’s subscription-based revenue model. Sales milestones are set at $0.1 million by December 2025, $0.35 million by December 2026, and $0.45 million by December 2027. The partnership leverages SMARTENGINEERING’s mechanical and mechatronic expertise with Vection’s AI/XR capabilities to drive transformations in manufacturing, energy, oil & gas, and mobility sectors.
Executive Comments
Vection’s Managing Director, Gianmarco Biagi, commented: “Our partnership with SMARTENGINEERING highlights Vection’s dedication to advancing AI and XR adoption through concrete commercial achievements. With contracted sales of a minimum of $0.9m, we are confident that this collaboration will deliver advanced immersive technologies to industrial clients looking to modernise and maintain their competitive edge.”
SMARTENGINEERING’s President and CEO, Lia Grandi, added: “Integrating Vection’s innovative AI and XR solutions places us in a strong position to revolutionise design engineering, technical training, and knowledge management for our clients. We recognise significant growth potential in this area, and together, we will provide high-value solutions that elevate industrial innovation to unprecedented levels.”
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