Vection Technologies Wins AU$700,000 in Annual Recurring Contracts; Shares Rise 4%

MT Newswires Live

03/03

Vection Technologies (ASX:VR1) said its recently acquired artificial intelligence platform, The Digital Box, won AU$700,000 in annual recurring contracts, according to a Monday filing with the Australian bourse.

The contracts include 24 new clients. Of the total, AU$400,000 will be recognized in the current fiscal year.

Vection Technologies completed its acquisition of The Digital Box last January.

The company's shares rose 4% in recent trade.

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