VECTION TECHNOLOGIES LTD — Capital/Financing Update 2025

Jul 23, 2025

24 July 2025 Australia

ASX RELEASE

VECTION WINS $1m IN AI CONTRACTS Including third Area12 deal of $0.5m, total now stands at $3.6m.

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA: S1X), ("Vection" or the "Company"), the INTEGRATED XR[] company, is pleased to announce that it has signed new Algho AI agreements worth $1m. Half of this amount ($0.5m) is a third contract with Area 12 Consulting S.R.L., bringing that partnership’s cumulative value to $3.6m in just ten weeks.

HIGHLIGHTS:

• $1m in total new Algho AI contracts, fully recognised in Q1 FY26, with Annual Recurring Revenue portion of $250k.

• A further $750k ARR is expected over the further three fiscal years as maintenance service and support.

• $0.5m of the total comes from a third Area 12 agreement, expanding the partnership to $3.6 million since 12 May 2025.

• New wins span the government, utilities, aviation, education, and life sciences sectors, evidencing broad market traction.

• Algho AI delivers multilingual conversational avatars (voice, text, and sign language) that integrate with MES, SCADA, WMS, CRM, ERP, and ticketing systems.

• Contracts include perpetual licences, domain ‑ specific knowledge ‑ base design and multi ‑ year support programmes, reinforcing Vection’s B2B2C model

OVERVIEW

Algho AI will soon be operational across six diverse sectors:

• Government (Comune di Porto Torres and Comune di Mestrino - $85k combined) will launch citizen ‑ service chatbots that handle permits, payments and general enquiries in everyday language, shortening queues and improving transparency.

• Manufacturing (Area 12 – $500k) will equip its shop floor with Algho Enterprise, giving operators hands ‑ free voice access to documents, maintenance logs and supplier data, Vection’s third contract with Area 12.

• Utilities (Acquevenete - $160k) will deploy a LIS-enabled virtual agent, allowing deaf customers to report outages, check bills, and receive conservation tips without needing an interpreter.

• Aviation (Sogaer – Cagliari Airport – $230k) will install sign ‑ recognition kiosks that guide passengers through check ‑ in, security and boarding, easing traveller anxiety and boosting throughput.

Every project is powered by Vection’s cloud-native Algho AI Engine, which integrates with CRM, ERP, and ticketing systems to deliver real-time data while meeting enterprise-grade security standards.

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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Area 12 partnership snapshot:

• 12 May 2025: $0.5m - Algho AI annual licence (live).

• 23 Jun 2025: $2.6m -SAFE ‑ XR safety ‑ compliance platform (implementation under way).

• 23 Jul 2025: $0.5m - Algho Enterprise voice ‑ guided factory automation (roll ‑ out FY26).

Total commitment: $3.6m.

Contract revenue will be recognised on a milestone basis in Q1 FY26.

Gianmarco Biagi, Managing Director of Vection Technologies, commented: “ Securing eight contracts totalling $1m, including our third Area 12 engagement, demonstrates that AI and spatial computing are gaining traction across various sectors. ”

“ Transforming machines and service desks into voice-enabled assistants enhances efficiency while prioritising people.”

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.

AUTHORISATION:

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

ENDS

INVESTOR RELATIONS CONTACT DETAILS:

Gianmarco Biagi - Managing Director (Europe Based) Email: gianmarco.biagi@vection-technologies.com

Cameron Petricevic - Independent, Non-Executive Director (Australia Based) Email: cameron.petricevic@vection-technologies.com

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 and is also listed on Germany’s Frankfurt Stock Exchange under the ticker S1X.

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',

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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'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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