Edison Investment Research - VECTION TECHNOLOGIES LTD (VR1) Vection Technologies - Apple and AI integrations plus latest acquisition

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Edison Investment Research

Richard Williamson

Vection Technologies - Apple and AI integrations plus latest acquisition

Vection Technologies (VR1) recently announced that its ChatGPT-powered mixed reality solution, 3D Frame, will now be available on Apple’s macOS. The release further highlights the interoperability of VR1’s technology with global powerhouses in the virtual (VR) and augmented (AR) reality space, positioning it well to capitalise on the latest breakthrough advancements, such as Apple’s Vision Pro AR headset. 3D Frame’s cross-platform compatibility with Windows and macOS should ensure wider availability across devices and reaffirms VR1’s position as a major player in the field. Management also announced the proposed acquisition of Invrsion, which it expects to be immediately earnings accretive and brings with it a portfolio of tier 1 customers, including Walgreens, Coca-Cola and Diageo.

08/06/2023 1 EN

Underlying

VECTION TECHNOLOGIES LTD

Servtech Global Holdings is engaged in providing software services and administrative support for real estate and finance related operations.

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AU0000067522 Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Vection Technologies - Apple and AI integrations plus latest acquisition

Vection Technologies - Moving from niche to mainstream markets

Vection Technologies - Contract wins underpin strong start to H224

Vection Technologies - Record half and strong H2 visibility

Topps Tiles - Accelerating growth through Q125

Baillie Gifford US Growth Trust - A unique high-growth strategy meriting support

Greggs - More challenging environment in H224

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