VECTION TECHNOLOGIES LTD — Capital/Financing Update 2025

Jan 29, 2025

30 January 2025, Australia

ASX RELEASE

VECTION SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH CAREAR A XEROX (NASDAQ: XRX) COMPANY, FOR USA MARKET ACCELERATION

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY), ("Vection" or the "Company"), the INTEGRATED XR[] company, is pleased to announce a strategic partnership with CareAR (' a Xerox company' ) to enable accelerated access to the USA market beginning immediately.

HIGHLIGHTS:

• Vection and CareAR (the Parties), with Xerox (NASDAQ: XRX) and ServiceNow (NYSE: NOW) as notable shareholders[1] , execute a strategic partnership.

• The Parties will integrate certain software offerings for the purpose of sales collaboration and cross-selling by the end of January 2025.

• The Parties have agreed a dedicated sales collaboration effort with focus on the USA and European markets to begin immediately.

• The Parties have agreed a reseller arrangement including a referral fee structure.

• The Parties have agreed to collaborate on sales pipeline to begin immediately.

• The Parties have agreed a marketing plan, including a go-to-market and co-branding strategy as well as marketing events to begin immediately.

• Each of the Parties will retain their product IP.

OVERVIEW:

The collaboration between the Parties focuses on providing market-leading, integrated solutions that transform spatial computing.

Integrating CareAR Assist into Vection’s Enworks products provides users with instant access to real-time visual support with a single click, along with shared account features that enhance workflow efficiency and usability. This integration also allows for seamless real-time support through its native embedding as a ServiceNow connector, further improving usability and efficiency in workflows. Furthermore, Vection’s 3DFrame content will be integrated into CareAR’s Experience Builder. This integration will allow users to meld immersive 3D visuals with practical augmented reality applications, effectively connecting visualisation with operational use and providing a transformative business experience.

This partnership also enhances customer capabilities by offering direct access to CareAR Experience Builder. This feature enables users to design and manage dynamic augmented reality experiences and instructional content, boosting their capacity to innovate and tackle complex issues in real-time.

The partnership is supported by a strong market expansion strategy to promote adoption and growth. By utilising their combined expertise, the Parties aim to distribute their solutions across the USA and European markets. This effort will be backed by co-branded marketing campaigns and extensive sales training, ensuring standalone and integrated offerings achieve their full potential.

1 Source: carear.com - 'Xerox Announces Formation of CareAR Software Business' - 2 September 2021

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

Page 1

PARTNERSHIP PRODUCT OFFERING:

Vection’s product suite includes:

• 3DFrame, a collaborative visualisation tool that enables enterprises to conceptualise and present ideas effectively in remote and hybrid environments.

• Enworks, a solution that empowers organisations with AR-driven solutions designed to optimise training, manufacturing, and maintenance processes, enhancing both safety and efficiency.

• Algho, Vection’s advanced conversational AI platform. Algho simplifies automation and enhances customer interactions, providing businesses with an empathetic virtual assistant that seamlessly integrates across multiple channels.

CareAR's product suite includes:

• CareAR Assist, a solution that delivers real-time visual assistance, boosting workforce productivity and enabling rapid problem resolution.

• CareAR Experience Builder, a solution that simplifies the process of creating and managing AR-driven experiences, allowing organisations to craft engaging, immersive solutions tailored to their specific operational needs.

The parties shall be shortly showcasing their integrated technologies at the UXBRIDGE Innovation Centre Europe of Xerox Corporation London, United Kingdom.

MARKETING AND SALES INITIATIVES:

The Parties will launch a coordinated marketing strategy to support this partnership and drive customer engagement for sales. Co-branded marketing collateral will further reinforce this message, presenting a unified front to target markets and emphasising the synergies between the two companies.

The collaboration will also focus on maintaining market relevance through regular events. Quarterly webinars and in-person gatherings will showcase the combined capabilities to industry leaders, offering solution overviews, case studies, and interactive discussions. These initiatives aim to build awareness, foster engagement, and demonstrate the tangible value delivered by the partnership’s integrated solutions.

Sale collaboration have been agreed which Include the opportunity to cross-sell products in all regions each of the Parties currently operate in, mainly the USA and Europe, as well as sales training. Pipeline collaboration between sales teams will begin Immediately together with implementing a standardised sale qualification process. There Is also a reseller arrangement, including referral fees, that has been agreed and put in place.

The partnership commences immediately for a 1-year term, rolling over annually unless non-renewal notification is provided more than 90 days before the end of the respective term.

This collaboration establishes a critical foundation for market expansion into the USA, enhances the Company's XR ecosystem, and drives long-term scalability and leverage . By aligning with CareAR, a globally recognised partner, Vection strengthens its competitive position and unlocks new growth revenues opportunities in mission-critical sectors and geographies. The Parties expect to see positive sales momentum given the technological potential and sales capability of both Parties, particularly given the current strong demand for AI from medium-large companies and governments, especially in the USA.

Gianmarco Biagi, Managing Director of Vection Technologies, commented: “ This partnership with CareAR, a Xerox company, accelerates our vision of delivering future-ready solutions for industries worldwide with notable focus on the USA. Together, we’re setting new standards in real-time visual assistance and immersive AR. ”

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

Page 2

Kirk Pothos, President of CareAR, added: “ Our collaboration with Vection exemplifies the power of combining innovative solutions to address mission-critical business challenges. By integrating our technologies, we’re shaping the future of augmented and spatial computing. ”

AUTHORISATION:

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

ENDS

INVESTOR 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.

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

ABOUT CAREAR:

CareAR, a Xerox company with ServiceNow as the other notable shareholder, is a leader in augmented reality and visual assistance solutions, empowering organisations to deliver enhanced operational efficiency and improved customer experiences. Its platform provides real-time AR-driven visual support, enabling users to resolve complex issues efficiently, reduce downtime, and improve safety across industries. With its Experience Builder, CareAR helps businesses create and share immersive, interactive AR content, driving innovation and digital transformation.

For more information, visit: www.carear.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.

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

Page 3

==> picture [596 x 93] intentionally omitted <==

The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking 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

Page 4