Vection Technologies Receives Around AU$500,000 Follow-On Purchase Order from Long-Term Partner

MT Newswires Live

Jan 13

Vection Technologies (ASX:VR1) received an around AU$500,000 follow-on purchase order from long-term partner KIOSK Embedded Systems, according to a Tuesday Australian bourse filing.

This includes the reorder of 50 third-generation Wallmount KIOSK units, with delivery requested by Dec. 31.

Around 60% of the order value represents annual recurring revenue derived from prior deployments, and AU$200,000 of revenue from the order is projected to be recognized throughout fiscal year 2026, while AU$300,000 is projected to be recognized in the first half of fiscal year 2027.

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