Australia's Vection Technologies hits near 12-week high on AI agreement

Vection Technologies

23/06/2025 02:16

** Shares of Vection Technologies VR1.AX rise 6.3% to A$0.025 to hit highest level since April 3

** Technology co reaches A$2.6 million ($1.67 million) agreement with Area12 Consulting to co-develop AI-driven safety compliance platform named SAFE-XR

** SAFE-XR uses smart glasses with real-time voice interaction, helping operators to execute audits hands-free

** Stock down ~14% this year, including the day's move

($1 = 1.5552 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))