VECTION TECHNOLOGIES LTD — Capital/Financing Update 2024

Dec 8, 2024

9 December 2024, Australia

ASX RELEASE

NEW CONTRACTS WITH NATUZZI AND NESTLÉ

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY), ("Vection" or the "Company"), the INTEGRATED XR[] company, is pleased to announce a series of new contracts collectively valued at $0.5m, underscoring its growing partnerships with worldrenowned brands like Natuzzi and Nestlé. These contracts highlight Vection's commitment to transforming industries through its AI and XR ecosystem.

HIGHLIGHTS:

• Vection’s ecosystem validated by global leaders Natuzzi and Nestlè

• $0.5m in XR contracts for Vection's Shelfzone VR.

• Applications in retail, FMCG, and luxury furniture

• • Accelerating adoption of AI-ready XR technologies in critical growth sectors

OVERVIEW:

The new contracts span three leading global brands across diverse industries, showcasing the adaptability and scalability of Vection's XR solutions:

• Natuzzi S.p.A.: Leveraging XR solutions to integrate real estate and luxury furniture design, with significant strategic importance

• Nestlé Italiana S.p.A.: Expanding its customised Shelfzone platform to optimise retail strategies and enhance customer engagement

• Agrifarma S.p.A.: Visualising a new retail concept for its pet food stores with Shelfzone.

These projects illustrate Vection’s ability to deliver tailored solutions to high-value sectors, aligning with the Company’s strategic vision.

Shelfzone exemplifies Vection's vision of integrating Artificial Intelligence (“AI“) and Extended Reality (“XR“) into retail. It was designed for retail and FMCG industries, it offers virtual simulations of retail spaces, enabling brands to optimise product placement and enhance in-store engagement.

By deploying these solutions, Vection bridges the gap between physical and digital environments, delivering measurable value to its global clients.

Gianmarco Biagi, Managing Director of Vection, said : “ Our partnerships with Nestlé and Natuzzi highlight the growing importance of Vection’s AI and XR ecosystem across industries. Nestlé’s continued use of Shelfzone and Natuzzi’s strategic adoption of our XR solutions demonstrate the scalability and versatility of our technology.”

“ We remain focused on enabling innovation for our clients, from enhancing retail strategies to creating immersive real estate solutions. These contracts represent significant milestones as we expand our footprint in high-value markets. ”

VECTION TECHNOLOGIES LTD

ASX:VR1; OTC:VCTNY | ACN: 614 814 041

WEBSITE

www.vection-technologies.com

GLOBAL OFFICES

PERTH | SYDNEY | SAN FRANCISCO | MILAN | BOLOGNA | ROME | BARI | ABU DHABI | AHMEDABAD

REGISTERED OFFICE

Level 4, Building C, Garden Office Park, 355 Scarborough Beach Road, Osborne Park WA 6017 - Australia

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CONTRACT DETAILS

Natuzzi S.p.A.

Natuzzi is a global leader in luxury furniture, synonymous with design excellence and innovation. Founded in 1959, it operates under the Natuzzi Italia and Natuzzi Editions brands. Through mono-brand stores and high-end retail outlets, it caters to affluent global consumers.

As a new client, Natuzzi has engaged Vection to develop XR-enabled solutions that integrate real estate and interior design. The new $0.4m contract signed on December 6, 2024, involves the development of immersive simulations and digital twin technology and commences immediately, with delivery expected in Q2 FY25.

This collaboration bridges industries, positioning Vection’s AI and XR ecosystem as a transformative tool in luxury furniture and real estate markets. Natuzzi aims to redefine customer experiences while opening strategic opportunities in complementary business sectors.

Nestlé Italiana S.p.A.

Nestlé is the world’s largest food and beverage company, operating in over 190 countries and with a renowned portfolio of brands such as Nescafé, KitKat, and Perrier. It leads the FMCG sector, focusing on nutrition, health, and wellness.

As an existing client, Nestlé renewed its two-year Shelfzone license with an Annual Recurring Revenue (“ARR”) value of $50k, affirming its trust in Vection's immersive retail solutions. This contract requires Vection to create custom 3D content integrations, deliver new POP materials and product assets to enhance in-store consumer engagement, as well as continue to provide the platform service.

Shelfzone is Vection's retail space simulation platform. This platform is integral to Vection’s AI and XR ecosystem. It allows Nestlé to visualise product placement, optimise retail strategies, and enhance shopper experiences, reinforcing Shelfzone’s scalability and value for global FMCG leaders.

Agrifarma S.p.A.

As Italy’s leading pet store chain, Agrifarma revolutionised pet care by focusing on high-quality nutrition and customer education. Its Arcaplanet stores are widely recognised for their retail innovation.

As a new client, Agrifarma has partnered with Vection to use Shelfzone to visualise a new concept for its pet food store using Shelfzone. This $50k pilot project will enhance store layouts, customer experiences, and in-store strategies by leveraging Shelfzone’s immersive capabilities. Work under the pilot project contract will commence immediately with delivery expected in Q2 FY25.

MATERIALITY THRESHOLD:

This announcement is deemed material by the Board as it exceeds the Company’s Announcement Materiality Threshold. The Announcement Materiality Threshold is for individual or multiple contracts cumulatively equating to more than $500k in Revenue and/or significant strategic value.

AUTHORISATION:

This ASX release is authorised by the Board of Directors of Vection Technologies Limited.

ENDS

VECTION TECHNOLOGIES LTD

ASX:VR1; OTC:VCTNY | ACN: 614 814 041

WEBSITE

www.vection-technologies.com

GLOBAL OFFICES

PERTH | SYDNEY | SAN FRANCISCO | MILAN | BOLOGNA | ROME | BARI | ABU DHABI | AHMEDABAD

REGISTERED OFFICE

Level 4, Building C, Garden Office Park, 355 Scarborough Beach Road, Osborne Park WA 6017 - Australia

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INVESTOR RELATIONS CONTACT DETAILS:

Gianmarco Biagi - Managing Director (Europe Based) Email: gianmarco.biagi@vection-technologies.com Phone: +39 051 014 2248

Gianmarco Orgnoni – Non-Executive Director (Australia Based) Email: gianmarco.orgnoni@vection-technologies.com Phone: +61 8 6380 7446

VECTION TECHNOLOGIES LTD

ASX:VR1; OTC:VCTNY | ACN: 614 814 041

GLOBAL OFFICES

PERTH | SYDNEY | SAN FRANCISCO | MILAN | BOLOGNA | ROME | BARI | ABU DHABI | AHMEDABAD

WEBSITE

www.vection-technologies.com

REGISTERED OFFICE

Level 4, Building C, Garden Office Park, 355 Scarborough Beach Road, Osborne Park WA 6017 - Australia

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ABOUT VECTION TECHNOLOGIES:

Vection Technologies is a growing enterprise-focused company that helps businesses bridge the physical and digital worlds. We help organisations leverage their 3D data via powerful extended reality (XR) interfaces that foster collaboration and learning, grow sales and more.

Vection Technologies is listed on the Australian Securities Exchange (ASX) with ticker code VR1, and trades on the U.S. overthe-counter (OTC) markets under the symbol VCTNY.

For more information, please visit: www.vection-technologies.com

FORWARD-LOOKING STATEMENTS:

Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies' current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward-looking statements can generally be identified by the use of forward-looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, guidance, or outlook on future earnings, distributions, financial position, or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forwardlooking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

VECTION TECHNOLOGIES LTD

ASX:VR1; OTC:VCTNY | ACN: 614 814 041

WEBSITE

www.vection-technologies.com

GLOBAL OFFICES

PERTH | SYDNEY | SAN FRANCISCO | MILAN | BOLOGNA | ROME | BARI | ABU DHABI | AHMEDABAD

REGISTERED OFFICE

Level 4, Building C, Garden Office Park, 355 Scarborough Beach Road, Osborne Park WA 6017 - Australia

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