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VECTION TECHNOLOGIES LTD — Capital/Financing Update 2025
Feb 9, 2025
66017_rns_2025-02-09_27789c21-7048-40bd-8cba-f22bf7b0f367.pdf
Capital/Financing Update
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10 February 2025, Australia
ASX RELEASE
VECTION ACHIEVES DELL TITANIUM PARTNER STATUS FOLLOWING THE $4M DEFENCE CONTRACT EXTENSION
Vection Technologies Ltd (ASX:VR1, OTC:VCTNY) ("Vection" or the "Company"), the INTEGRATED XR[] company, is pleased to announce that it has achieved the Dell Technologies Titanium Partner status, the highest level of recognition in Dell’s global partner programme. This milestone follows the Company’s announcement on 5 February 2025 about a $4 million extension of a key defence contract, significantly contributing to the revenue and technical capabilities needed for this prestigious accolade.
HIGHLIGHTS:
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Vection achieves top-tier Dell Titanium Partner status, confirming its revenue performance and technical expertise.
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Unlocks advanced co-marketing opportunities, leveraging Dell’s global reach to boost brand visibility and market penetration.
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Secures ambassador-level support, enabling direct collaboration with Dell specialists to refine solutions and drive faster go-to-market strategies.
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Gains exclusive product roadmap access, accelerating AI and XR innovation through early insight into Dell’s emerging technologies.
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Builds on the $4m defence extension (ASX: 5 February 2025), reinforcing Vection’s foothold in mission-critical defence and law enforcement applications.
OVERVIEW:
Following the Company’s announcement on 5 February 2025 regarding a $4m extension of a key defence contract, Vection is proud to announce its achievement of Dell Technologies Titanium Partner status. This recognition highlights Vection’s consistent revenue growth, high-level technical certifications, and proven ability to deliver solutions powered by Dell’s advanced technologies. The Dell Technologies Partner Program is a tiered, international channel partner program that provides partners with business development, sales and marketing resources. By entering Dell’s highest partnership tier, Vection now enjoys priority co-marketing, direct ambassador engagement, and exclusive access to Dell’s product development roadmaps—all of which strengthen its capacity to innovate swiftly in AI-driven and XR-based processes.
Dell’s cutting-edge capabilities considerably reduce latency and enhance real-time data processing, which are both vital for solutions like Vection’s Algho AI Appliance. Through this hardware-software partnership, Vection effectively tackles complex challenges by providing secure, scalable technology to enterprise, government, and defence clients. The Titanium Partner status also facilitates co-branded marketing initiatives, which will assist Vection in broadening its market reach and solidifying its position at the forefront of AI and XR adoption.
Gianmarco Biagi, Vection's Managing Director, commented: “ Achieving the Dell Technologies Titanium Partner status is a pivotal moment for Vection. This elevated partnership ensures our customers benefit from the latest AI and XR innovations, delivered with the reliability and performance of Dell’s world-class infrastructure.”
“Strengthening our alliance with Dell allows us to more quickly address high-opportunity verticals, including defence and law enforcement, while expanding into broader enterprise markets. We look forward to leveraging these advantages to sustain our momentum and capture new growth opportunities.”
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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MATERIALITY THRESHOLD:
This announcement is considered material by the Board as it places Vection within the top-tier of Dell’s partner ecosystem, significantly enhancing its global profile. It opens up the highest level of rebate potential and advanced co-marketing opportunities that expand revenue potential and boost brand visibility while also providing direct ambassador support from Dell to reinforce Vection’s strategic alignment and expedite go-to-market initiatives. The exclusive insight into Dell’s product roadmap further facilitates rapid AI and XR innovation, sharpening Vection’s competitive advantage. Alongside its recent success with a $4m defence contract, this deeper alliance with Dell strengthens Vection’s short-term sales outlook. It helps lay a strong foundation for sustainable, long-term shareholder value.
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
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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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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