Vection Technologies Secures About AU$4 Million in New Orders for Algho AI Platform; Shares Up 3%

MT Newswires Live

03/16

Vection Technologies (ASX:VR1) said it secured about AU$4 million in new orders, all for its proprietary Algho AI platform, according to a Monday Australian bourse filing.

The orders span 10 industry verticals, including HR, water utilities, rail transport, healthcare, and food and hospitality, among others, broadening the company's revenue base and reducing concentration risk, the filing added.

The company said its AI order run-rate is accelerating, with new contracts in the second half of 2026 already representing 87% of total AI revenue booked for the whole of the first half of 2026, underscoring the growing scalability of the Algho AI platform.

The company's shares rose past 3% in recent Monday trade.

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