Vection Technologies Ltd (ASX:VR1) has secured around $2.3 million in new AI-related contracts across five sectors, extending its recent order momentum to about $7 million since the start of April 2026.
The new orders comprise about $990,000 in one-time contracts and a $1.3 million annual recurring revenue contract, with around $2 million to be recognised in FY26 and $300,000 in FY27.
Four of the five contracts are powered by Vection’s Algho AI platform, while the fifth, in the security sector, will use a technology partner’s proprietary AI solution within a Vection-delivered edge systems architecture.
AI contracts broaden sector reach
The contracts span healthcare analytics, luxury fashion, public services accessibility, airport passenger assistance and security.
A clinical laboratory group, LIR, has contracted Vection’s Algho Decision platform to analyse operational performance data, marking the platform’s first healthcare analytics order.
Italian luxury fashion group OTB Group has commissioned an agentic AI personal shopper built on Algho and deployed across its brand portfolio through technology partner Nexylab.
Vection is also working through technology partner Ollsys to deliver a 3D inclusive digital avatar designed to make emergency and public services more accessible for hearing-impaired users.
Accessibility Kiosk gains airport traction
A European airport operator, working with technology partner Sorint, has ordered Algho AI Appliance units and Vection Accessibility Kiosk hardware for use as passenger assistance terminals covering all disability categories.
The order follows Vection’s recent commercial launch of the Accessibility Kiosk platform with Media Comunicazione and represents the first airport operator deployment since that announcement.
The company said the solution is the same combined system already in live operation at Bergamo Caravaggio International Airport, where it serves 97% of disabled passengers independently, compared with 38% for a standard kiosk.
First recurring security revenue contract
Vection has also secured a security-sector annual recurring revenue contract worth about $1.3 million, fully recognised in FY26.
The contract covers deployment of edge-based lawful interception systems and represents the company’s first recurring revenue engagement in the security segment, moving that part of the business beyond one-off project orders.
Managing director and executive chairman Gianmarco Biagi said the latest orders demonstrated the breadth of Vection’s technology portfolio.
“Four of these contracts are powered by Algho AI, across sectors as different as clinical laboratories and luxury fashion,” Biagi said.
“The fifth, in the security segment, is structured differently, with our partner’s AI at the core and Vection delivering the edge systems architecture.”
Biagi said the airport accessibility order and security ARR structure were particularly significant, with the airport order arriving within weeks of the commercial launch and the security contract marking a shift from project-based to subscription revenue.
About Vection Technologies
Vection Technologies is a global technology company specialising in Extended Reality and Artificial Intelligence.
The company designs integrated digital ecosystems combining XR, AI and 3D data to support enterprise training, product design, operations and customer engagement.
Its product portfolio includes INTEGRATEDXR®, the Algho AI platform and Vection phygital hardware range.
Vection is listed on the ASX under VR1, trades on the US OTC market under VCTNY and is listed on the Frankfurt Stock Exchange under S1X.