PERTH, Australia, May 11, 2023 (GLOBE NEWSWIRE) -- Vection Technologies Limited (ASX: VR1, OTC:VCTNY) based in Australia and focused on leveraging 3D data via powerful extended reality interfaces that foster collaboration and learning, grow sales and more, today announced that its director, Mr. Gianmarco Orgnoni, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 17. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Participation is free of charge.

Recent Company Highlights

• Vection Technologies has recorded ~$6 million in quarterly cash receipts for the March quarter, delivering total receipts of ~$15 million for the 9 months of the current fiscal year.
• Fiscal 2023 Total Contract Value (TCV) at 28 April 2023 has grown to ~$20 million, up by 100% compared to the TCV metric announced on 31 January 2023.
• Strong TCV increase further secures the Company’s revenue guidance of $24 to $26 million for the current fiscal year.
• Partnership with expert.ai (EXAI:IM) to create an XR / AI / NLP - powered solution for digitalizing technical manuals.
• Several patents granted across the US and Europe related to the Company’s INTEGRATEDXR technology stack.
• Strong progression towards several potential selective technology M&A targets - critical in further increasing the Company’s organic revenue growth, through technology and people acquisitions.

About Vection Technologies

Vection Technologies is a growing enterprise-focused company that helps businesses bridge the physical and digital worlds. We help organizations leverage their 3D data via powerful extended reality (XR) interfaces that foster collaboration and learning, grow sales and more.

Vection Technologies is listed on the Australian Securities Exchange (ASX) with ticker code VR1, and trades on the U.S. over-the-counter (OTC) markets under the symbol VCTNY.

For more information, please visit: www.vection-technologies.com

About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Contacts
Vection Technologies
Dan Ridsdale - Managing Director, TMT
Email: dridsdale@edisongroup.com

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com