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VECTION TECHNOLOGIES LTD Capital/Financing Update 2021

Feb 3, 2021

66017_rns_2021-02-03_a098545c-d41d-4633-9999-d9aa38f5af94.pdf

Capital/Financing Update

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4 February 2021 | Australia

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ASX RELEASE

On 1 February 2021, real-time software company Vection Technologies Ltd ( ASX:VR1 ) ( Vection Technologies , Vection or the Company ) announced the execution of an Original Equipment Manufacturer ( OEM ) agreement with multinational technology company HP Inc ( HP ).

Further to the announcement dated 1 February 2021, the Company provides the following additional information:

  • Under the agreement, the Company may combine / integrate its proprietary software solutions with HP’s hardware products and utilise HP’s global authorised resellers to sell in 170 countries. This enhances Vection’s hardware and HP’s software offerings respectively.

  • Under the agreement, the Company may purchase HP products from HP or an OEM Authorised Reseller for:

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  • Development, testing, manufacture or creation, or demonstration of OEM products;

  • Supply (by sale, lease, loan or otherwise) of OEM Products to end-users either directly or through an HP OEM authorized reseller; and

  • Repair, upgrade, maintenance and support of OEM Products supplied to end-users.

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Investor Relations Contact Details

Gianmarco Biagi - Managing Director (Europe Based)

Email: [email protected] Phone: +39 051 0142248

Gianmarco Orgnoni - Director and COO (Australia Based) Email: [email protected]

Phone: +61 8 6380 2555

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ENDS

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

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

Address: 642 Newcastle Street, Leederville WA 6007 Phone: +618 6380 2555

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 [email protected] [email protected]

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