VECTION TECHNOLOGIES LTD — Board/Management Information 2020

Jun 17, 2020

18 June 2020 | Australia

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ASX RELEASE

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Real-time software company Vection Technologies Ltd ( ASX:VR1 ) ( Vection Technologies or the Company ) is pleased to provide an update on the expansion of its global distribution network across Europe, North America and Asia-Pacific, aligned with the Company’s stated strategy to expand and consolidate its global sales infrastructure and footprint to further advance its client outreach. (ASX: 30 April 2020)

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Highlights:

• Appointment of 6 additional distribution partners and 6 sales consultants across Europe, North America and Asia-Pacific

• Official appointment of Paolo Mossa as Sales Vice President Europe to drive the Company’s European sales initiatives

• Strengthened distribution network with a total of 46 distribution partners and 6 sales consultants

• Distribution network strategically positioned across the AEC, machinery, automotive, naval, fashion & furniture, education and healthcare sectors

• Initiatives aligned with the Company’s stated strategy of expanding and consolidating its global sales infrastructure and footprint to further advance it client outreach

• Company’s real-time software suite for Industry 4.0 aligned to global market trends surrounding businesses’ digital transformation

Expansion Strategy: Update

Vection Technologies continues to successfully advance its global distribution strategy to ensure continuity of its growth objectives by appointing 6 additional distribution partners and 6 sales consultants across Europe, North America and Asia-Pacific.

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The expansion of the distribution partners and sales consultants network increases the Company’s commitment across key regions to continue to grow its operations, by providing local pre- and postsales support for its 360° software suite for Industry 4.0.

Expansion Strategy: Appointment of Sales Vice President Europe

Aligned with its growth objectives, the Company has officially appointed Mr Paolo Mossa as its Sales Vice President Europe, to further consolidate its European sales infrastructure and grow the Company’s operations internationally.

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Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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Address: Suite 1, 437 Roberts Road Subiaco WA 6008, Australia Phone: +618 6380 2555

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Mr Mossa is an experienced executive with over 16 years of experience as Client Business Partner at the Nielsen Company, leading its sales executive team in new business development and consultancy, while managing a portfolio of 130 Companies, both in the retail and manufacturing sectors.

More recently, Mr Mossa held the role of Global Sales Director at inVRsion, a Company’s competitor specialised in virtual reality for the retail and consumer packaged goods (CPG) industries, expanding the company into the European and North American markets.

During his extensive career, Mr Mossa has proven pivotal in the relationship with Tier-1 clients including Ferrero, Mars, Pastificio Rana, Esselunga, Multicedi, Ipsos, Accenture and many more.

Expansion Strategy: Overview, Outlook and Market Trends

Overview:

Following these expansion initiatives, the Company is strategically positioned with 46 partners and 6 sales consultants across key regions, with significant access to the Architecture Engineering and Construction (AEC), Machinery, Automotive, Naval, Fashion & Furniture, Education and Healthcare sectors.

Together, the 6 new partners (Toolfarm, +plastic, Luso Cuanza, Rhino Center, EliteSoft Europe, iCreatia) represent a strong step forward in bolstering the Company's network. A brief overview of the Company’s current distribution partner footprint is appended to this announcement.

Outlook:

Over the coming months, the Company will continue building and consolidating its European sales infrastructure, while continuing its growth initiatives with specific focus on the North American and Asia-Pacific distribution network.

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Vection Technologies remains committed to its overarching strategy and, in particular, will continue its strong proactive commercial and operational activities to ensure continuity of its growth objectives for all stakeholders, underpinned by its three stated building blocks (technology, partnerships and growth).

Market Trends:

As the manufacturing sector is transforming, companies globally are embracing a broad set of enabling digital technologies, collectively known as Industry 4.0. Aligned with this trend, governments globally are assisting and enabling businesses to digitally transform their workflows, driving innovation, creating jobs, improving productivity and global competitiveness.

in real-time technologies aligned with Industry 4.0, to support digital transformation initiatives.

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Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Address: Suite 1, 437 Roberts Road Subiaco WA 6008, Australia Phone: +618 6380 2555

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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Gianmarco Biagi, Managing Director of Vection Technologies, commented:

“As Vection Technologies continues to bring to market its 360° real-time software for Industry 4.0, it is important to build our distribution partner commitment across key regions to better service local demand and generate growth, in particular during these uncertain times.

We welcome Paolo Mossa as our new Sales Vice President Europe, bringing a wealth of experience and significant client access to Vection Technologies.”

Investor Relations Contact Details

Gianmarco Biagi - Managing Director (Europe Based) Email: gianmarco.biagi@vection.com.au Phone: +39 051 0142248

Gianmarco Orgnoni - Director and COO (Australia Based) Email: gianmarco.orgnoni@vection.com.au Phone: +61 8 6380 2555

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ENDS

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About Vection Technologies:

Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation.

Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.

For more information please visit the Company’s websites: vection.com.au

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mindeskvr.com

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ASX release authorised by the Board of Directors of Vection Technologies Ltd.

Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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Address: Suite 1, 437 Roberts Road Subiaco WA 6008, Australia Phone: +618 6380 2555

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Vection Technologies is continuously delivering on its global strategy underpinned by three building blocks:

• Technology

• Partnerships

• Growth:

• Strong focus on leveraging the existing distribution, online and direct sales network

• Geographical and market expansion via an enlarged distribution footprint

• Global marketing and sales initiatives to establish Vection as the B2B real-time software leader

• Achieve market dominance across Vection’s 360° SaaS product suite for Industry 4.0

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Following the addition of 6 additional distribution partners , the Company has strengthened its global distribution outreach .

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Below a summary of the Company’s current distribution partner network:

EUROPE, MIDDLE 31 + 4[PARTNERS] EAST AND AFRICA: ASIA-PACIFIC: 5 + 1[PARTNERS] AMERICAS: 4 + 1[PARTNERS] TOTAL: 46 PARTNERS

Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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Address: Suite 1, 437 Roberts Road Subiaco WA 6008, Australia Phone: +618 6380 2555

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA