Vection Technologies Teams Up With European Engineering Company; Shares Up 4%

MT Newswires Live

2025/03/24

Vection Technologies (ASX:VR1) is working with Smartengineering to advance the introduction of artificial intelligence (AI) and extended reality (XR) technologies in engineering design and technical training across the EU, according to a Monday filing with the Australian bourse.

Under the deal, Smartengineering will have non-exclusive distribution rights to the company's AI and XR portfolio in the EU for three years, with a minimum commitment of $900,000 in sales by December 2027, the filing said.

Vection Technologies shares rose past 4% in morning trade Monday.

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