BUZZ-Australia's Vection Technologies hits more than 1-month high on $1 mln contract win

Reuters
01-06
BUZZ-Australia's Vection Technologies hits more than 1-month high on $1 mln contract win

** Vection Technologies VR1.AX gains as much as 5.9% to A$0.036, highest since Nov. 26, 2024

** Enterprise software firm secures defence contract worth A$1.8 mln ($1.1 mln) from a tech service provider specializing in cyber-security

** Says service will ultimately be provided to a European local government

** Adds contract advances co's strategy to infuse AI and XR technologies into key operations, increasing its standing in defence, law enforcement and government sectors

** Stock set for three consecutive sessions of gains

** VR1 gained ~43% last year

($1 = A$1.6075)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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