Australia's Vection Technologies gains on AI partnership

Vection Technologies

12/05/2025 03:10

** Vection Technologies VR1.AX jumps 20% to A$0.018, highest since April 30

** Software firm secures AI partnership with Area 12 Consulting s.r.l.

** Under agreement, Area 12 Consulting to spend A$0.5 mln ($321,150) annually on co's Algho AI software licenses, related services

** About 10.5 mln shares traded, 1.6x the 30-day avg

** VR1 falls 50% this year, as of last close

($1 = A$1.5569)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))