VR1 FY25 New Deals

Here’s a summarized list of Vection Technologies’ (VR1) deals for FY25 along with their values:

XR & AI Software Contracts

• $3.6M: XR software licenses with Cometa SpA for immersive classroom solutions in 500 high schools in Italy.
• $1.6M: 3-year AI software license for Brexia Med healthcare project, with an option for an additional $1M over 2 years.
• $0.5M: AI software contract with RCM Italia s.r.l., generating $0.4M in FY25 with recurring $50K annual fees from 2026.
• $0.5M: XR contracts for Vection’s Shelfzone VR, including partnerships with Natuzzi and Nestlé.
• $1.6M: 3-year strategic distribution agreement with SolidWorld Group S.p.A to reach 10,000+ clients in EMEA.
• $0.7M: KIOSK Embedded Systems (KISE) AI-ready systems deal, with $0.06M delivered in FY25.
• $0.5M: Algho AI platform contracts from multiple public and private sector clients in Europe.
• $0.7M: SaaS agreement with TOTALPLAY, a Mexican telecom provider.

Healthcare & Research

• $160K per year: Massachusetts General Hospital (MGH) license renewal, with $0.26 per conversation usage fee.
• $0.6M: 3-year agreement with Augmentalix, a French XR technology provider.

Defence & Cybersecurity

• $1.8M: Defence contract with European local government.
• $4M: Defence contract extension, focused on AI-powered infrastructure design and Dell AI appliances.
• $0.5M: Cybersecurity-focused ICT endpoints contract in the Defence sector, revenue expected in Q2 FY25.

Strategic Partnerships & Expansions

• $0.6M: Distribution deal with Synergy in Bulgaria, targeting $600K in sales by 2027.
• $0.6M: EnginSoft SpA distribution deal for SaaS XR and AI solutions in Italy, France, and Germany.
• Undisclosed Value: Vection partners with DigiLens Inc. for XR smart glasses & global market expansion.
• Undisclosed Value: Partnership with CareAR (a Xerox company) to expand into the USA market.
  

• $0.7M: TDB secures annual recurring contracts, including 24 new clients.
• $0.4M of this will be recognized in FY25, with the rest in early next financial year.

Financial Services & Insurance

• $575K: 3-year partnership with Assicurazioni Generali S.p.A., with scalable revenue opportunities.

Dell Partnerships & Status

• $0.5M: First sale of Algho AI platform to Dell.
• Vection Achieves Dell Titanium Partner Status, following the $4M Defence contract extension.

This breakdown shows Vection's strong focus on AI, XR, Defence, and strategic global expansions.

The total collective value of these deals is approximately $21.6 million. DYOR