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VECTION TECHNOLOGIES LTD — Capital/Financing Update 2025
Mar 2, 2025
66017_rns_2025-03-02_8d90a26b-3089-4dc0-9ba7-a058227c41ec.pdf
Capital/Financing Update
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3 March 2025 Australia
ASX RELEASE
VECTION DELIVERS $0.7m IN AI RECURRING REVENUE WINS
Vection Technologies Ltd (ASX:VR1, OTC:VCTNY), ("Vection" or the "Company"), the INTEGRATED XR[] company, is pleased to announce $0.7m in recurring revenue wins originated from The Digital Box S.p.A. (“TDB”), Vection's now 100% owned recent acquisition.
HIGHLIGHTS:
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TDB wins $0.7m in annual recurring contracts, reflecting strong market traction for its generative AI solutions.
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Of the total $0.7m, $0.4m will be recognised in the current financial year, with the remainder to be delivered in the start of the following financial year, later this calendar year.
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This improvement In Vection's recurring revenue profile, demonstrates the Company's focus on quality revenue.
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These agreements include 24 new clients, who can terminate their services with Vection with 60 days' notice, demonstrating growing demand for TDB’s AI-driven offerings.
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Vection finalised the purchase of TDB on 17 January 2025, a generative AI specialist, further enhancing its technology stack.
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TDB’s generative AI expertise complements Vection’s extended reality framework, supporting predictable, subscriptionbased growth.
OVERVIEW:
TDB has secured $0.7m in new recurring revenue agreements, with $0.4m expected to be recognised in FY25. These achievements reflect the rapid market adoption of TDB’s generative AI solutions and comprise 24 new customers, highlighting Vection’s strategic commitment to incorporating advanced AI into its INTEGRATED XR[] suite.
TDB’s expertise in generative AI perfectly complements Vection’s existing XR framework, creating new opportunities for enterprise digital transformation and showcasing the market’s strong appetite for innovative, AI-driven technologies.
By securing 100% recurring revenue contracts, TDB strengthens Vection’s recurring revenue base and reaffirms the Company’s commitment to building long-term, sustainable growth. The services provided to the new customers are each in the forms of licenses to Vection software; professional services provided by Vection; and custom Kiosk solutions e.g. for Point of sale. The largest customer contract is for Anco SRL for $0.23m for licenses and professional services. ANCO S.r.l. operates in the supermarket sector and manages several stores affiliated with Coop Sardegna across Sardegna (Sardinia), Italy. The next largest contract is for Publiacqua SPA, a company which manages the integrated water service for four provinces in Italy, for ~$90k for ongoing services related to two Kiosk points. The balance of customer contracts range in value from $2,000 to $40,000 respectively.
The successful completion of Vection’s acquisition of TDB on 17 January 2025 marked a significant milestone in the Company’s broader objective to cultivate predictable, subscription-based income streams.
Vection’s Managing Director, Gianmarco Biagi, commented on this progress: “ We are thrilled with TDB’s remarkable success since January. Achieving recurring-revenue contracts validates our strategic vision and TDB’s cutting-edge generative AI solutions.”
“We anticipate continued growth and look forward to maximising synergies across Vection’s global ecosystem. ”
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.
VECTION TECHNOLOGIES LTD
ASX:VR1; OTC:VCTNY | ACN: 614 814 041
WEBSITE
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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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: [email protected]
Cameron Petricevic - Independent, Non-Executive Director (Australia Based) Email: [email protected]
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
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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