Australia's Vection Technologies jumps on $2.8 million AI orders

Vection Technologies

16/03/2026 01:14

** Shares of Australia's Vection Technologies VR1.AX rise as much as 9.7% to A$0.034, their biggest intraday percent gain since March 2

** The software company secures new orders totalling A$4 million ($2.81 million), across 10 industry verticals, for the Algho AI platform

** Co says orders cover deployments of conversational AI systems, enterprise automation modules and AI-driven process intelligence solutions, among others

** VR1 stock up 3.2%, YTD

($1 = 1.4257 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))