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SaaS vendor Vection Technologies appoints new chair

Damian Banks takes over board leadership.

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VECTION TECHNOLOGIES UNVEILS ACQUISITION TO LEAD FASHION & RETAIL XR REVOLUTION

PERTH, Australia, June 7, 2023 /PRNewswire/ -- Vection Technologies Ltd(ASX:VR1, OTC:VCTNY), the INTEGRATEDXRcompany, is pleased to announce the acquisition of Invrsion, a prominent 3D and mixed reality technology company specializing in fashion, retail, consumer goods, and real estate sectors. This strategic acquisition enhances Vection Technologies' position as a leader in the integrated -extended reality (XR) technology space, providing customers with innovative XR solutions and unlocking new organic growth opportunities. Gianmarco Biagi, managing director of Vection Technologies, stated, "By acquiring Invrsion, we are not only adding cutting-edge technology to our portfolio but also gaining a talented team that will contribute to our organic growth. This acquisition aligns with our vision of staying at the forefront of innovation and solidifying our position as a leader in the industry." The acquisition of Invrsion enables Vection Technologies to integrate Invrsion's technology within the INTEGRATEDXRsuite, delivering remarkable advantages to customers and providing them with cutting-edge capabilities. This unlocks new customer opportunities, enhances their experience, and drives organic growth for the combined group. Matteo Esposito, CEO of Invrsion, expressed, "This strategic acquisition unlocks a wealth of synergies, enabling us to further develop our proprietary technologies within the INTEGRATEDXRsuite, delivering greater value to our customers. By merging our deep expertise in the retail industry with the cutting-edge capabilities of the INTEGRATEDXRsuite, we are poised to drive substantial growth, offering transformative solutions that empower businesses to innovate." Together, Vection Technologies and Invrsion are committed to unleashing their collective experience and passion, dedicated to assisting businesses in seizing the monumental customer opportunities presented by XR technology. The acquisition aligns with Vection Technologies' vision of expanding its technology portfolio and leveraging Invrsion's expertise to create significant value for shareholders while enhancing customer experiences. Invrsion brings with it an impressive client portfolio that includes globally recognized brands such as Walgreens, Ferrero, Nestle, Coca Cola, and Diageo. The company has also collaborated with renowned brands like Ralph Lauren and PepsiCo, further highlighting their expertise and industry standing. Additionally, Invrsion has established strategic partnerships with industry giants such as Microsoft, Ipsos, and Sketchfab, demonstrating their strong commercial alliances and their commitment to research and development. These partnerships contribute to Invrsion's commercial strength and provide valuable resources for continuous innovation and technological advancements. By leveraging these partnerships, Invrsion enhances its capabilities to deliver cutting-edge solutions, expand its market reach, and drive meaningful growth within the INTEGRATEDXRsuite. The performance-based consideration for the acquisition, based on revenue milestones from 2023 to 2026, reflects the long-term commitment of the vendors to Vection Technologies' organic growth strategy. This acquisition solidifies Vection Technologies' position as a leader in the industry, driving innovation and delivering exceptional value to customers. For more information on Invrsion, please visit: www.invrsion.com For the ASX release please visit: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02673860-6A1153195?access_token=83ff96335c2d45a094df02a206a39ff4 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 FORWARD LOOKING STATEMENTS: Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies' current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward looking statements can generally be identified by the use of forward-looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on future earnings, distributions or financial position or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

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VECTION TECHNOLOGIES INTRODUCES CHATGPT-POWERED 3DFRAME ON APPLE'S macOS

PERTH, Australia, June 6, 2023 /PRNewswire/ --Vection Technologies Ltd (ASX:VR1, OTC:VCTNY) announces today the availability of its early release of ChatGPT-powered mixed reality solution, 3DFrame, on Apple's macOS. 3DFrame is the solution developed by Vection Technologies that enables businesses to enhance their immersive product presentations and training experiences in 3D and virtual reality (VR). This expansion enhances the solution's reach, effectiveness, and cross-platform functionality. With the ChatGPT -powered 3DFrame now available on macOS, organizations can leverage the power of AI and immersive 3D presentations seamlessly across Apple devices, ensuring a wider audience can benefit from the solution. Additionally, the cross-platform compatibility allows for a consistent and streamlined experience, whether businesses choose to utilize Windows or macOS, providing flexibility and accessibility to meet diverse user needs. The impact of this integration on training, onboarding, and presentations is remarkable. By harnessing the capabilities of the AI chatbot and linking its responses to 3D models and animations, companies can deliver real-time guidance and instruction to new employees, significantly reducing training costs and time. The consistency in messaging and personalized learning experiences enhances knowledge retention and proficiency, resulting in more effective training outcomes. Furthermore, businesses can captivate their audience through immersive 3D and VR product presentations that leverage the interactive capabilities of ChatGPT and the advanced features of 3DFrame. This combination allows for personalized product demonstrations, creating engaging and memorable experiences that leave a lasting impact on potential customers. The cross-platform compatibility of the ChatGPT -powered 3DFrame with both Apple's macOS and Windows is pivotal in ensuring the solution's availability across a wide range of devices. As technology companies push the boundaries of VR and introduce new Mixed Reality headsets, Vection Technologies remains at the forefront by providing compatibility with emerging trends. This cross-device compatibility positions businesses at the forefront of innovation and equips them with the tools to deliver awe-inspiring experiences to their customers. "We are thrilled to bring the capabilities of the ChatGPT -powered 3DFrame solution to Apple's macOS and provide cross-platform compatibility. This expansion opens up new possibilities for businesses, allowing them to leverage AI-powered immersive presentations and training experiences across multiple devices," commented Gianmarco Biagi, managing director of Vection Technologies. "We are committed to pushing the boundaries of AI-powered VR and 3D software and look forward to continuing to innovate and create groundbreaking solutions." For more information on how the integration of ChatGPT and 3DFrame can revolutionize your business' virtual product presentations and training, please see the latest video: https://vimeo.com/832553170/5ca8afaf57 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 FORWARD LOOKING STATEMENTS: Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies' current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward looking statements can generally be identified by the use of forward-looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on future earnings, distributions or financial position or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

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CHATGPT AI CHATBOT TRANSFORMS VIRTUAL PRODUCT PRESENTATIONS WITH 3DFRAME INTEGRATION

PERTH, Australia, May 22, 2023 /PRNewswire/ -- Vection Technologies (ASX:VR1, OTC:VCTNY), the INTEGRATEDXRcompany, is pleased to announce the integration of ChatGPT, the advanced AI chatbot developed by OpenAI, with 3DFrame, the no-code enterprise app for immersive product presentations. This integration not only allows businesses to present their products in 3D and VR, but also provides a powerful tool for training and on-boarding. 3DFrame is an advanced software that allows businesses to present their products in 3D and Virtual Reality (VR). With the integration of ChatGPT, businesses can tie the responses of the AI chatbot to their 3D models and animations, creating an AI assistant that can provide real-time guidance and instruction to new employees. This not only reduces training times and costs, but also ensures consistent messaging and a personalized learning experience. Furthermore, the integration of ChatGPT with 3DFrame goes beyond simply avatarizing a chatbot. ChatGPT has the potential to interact directly with the platform's features, allowing for more complex and customized interactions with the virtual environment. This opens up a whole new world of possibilities for businesses, from personalized product demonstrations to virtual product simulations. "By training ChatGPT to understand the intricacies of 3D models, we can further increase the user experience in 3D and VR." commented Gianmarco Biagi, Managing Director of Vection Technologies."Imagine a world where customers can interact with virtual assistants that not only answer their questions about products, but can also guide them through a virtual experience." "The integration of ChatGPT, an AI-powered chatbot, with 3DFrame is just the beginning", "In the future, we plan to explore the full potential of AI and its capabilities with 3D models." "Vection Technologies is committed to pushing the boundaries of what is possible in the world of AI-powered VR and 3D software, and we are excited about the potential of ChatGPT, an advanced AI chatbot, and its integration with 3DFrame." "We look forward to continuing to innovate and create groundbreaking AI-powered solutions for businesses of all sizes." For more information on how ChatGPT and 3DFrame can revolutionize your business' virtual product presentations, please watch our short introductory video at the following link: https://vimeo.com/826245499/6891f078f6 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 FORWARD LOOKING STATEMENTS: Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies' current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward looking statements can generally be identified by the use of forward-looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on future earnings, distributions or financial position or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

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VECTION TECHNOLOGIES AND EXPERT.AI TEAM UP TO DIGITIZE TECHNICAL MANUALS WITH AI

PERTH, Australia, March 28, 2023 /PRNewswire/ -- Vection Technologies (ASX:VR1, OTC:VCTNY), the INTEGRATEDXRcompany, and expert.ai (EXAI:IM), a leading company in artificial intelligence (AI) for language understanding and language operations, announce today a partnership to create an AI-powered solution for digitalizing technical manuals. This revolutionary solution is aimed at making technical manuals more accessible and easier to understand by using a combination of extended reality (XR) and AI technologies to deliver an immersive experience. The two companies have already commenced working together on tenders and government grants to fund the development of this solution. One of the unique features of this solution will be the use of avatars for human-to-machine interaction. These avatars can provide users with step-by-step instructions and guide them through the troubleshooting process. Users can interact with avatars using natural language and receive accurate responses to their queries. The advanced natural language processing (NLP) and deep learning algorithms enable the avatars to understand natural language and provide accurate responses. The solution will also be compatible with mixed reality (MR) devices such as HoloLens, enabling operators to identify issues using MR technology. The solution provides step-by-step instructions and visualizations to guide operators through the troubleshooting process, resulting in faster resolution times and reduced downtime. For example, imagine a mechanic working on a car engine. Instead of flipping through a thick manual, the mechanic can use the AI-powered solution to access the relevant manual digitally. The mechanic can then use the solution's chatbotfunctionality to ask questions in natural language and receive accurate responses. The solution's advanced NLP and deep learning algorithms ensure that the chatbot can understand the mechanic's queries and provide relevant and accurate answers. The mechanic can also use the solution's XR component to visualize step-by-step instructions on how to troubleshoot the issue. This enables the mechanic to quickly and efficiently diagnose and repair the problem. "We are excited to partner with expert.ai to develop this innovative solution," said Gianmarco Biagi, Managing Director of Vection Technologies. "Our partnership demonstrates our commitment to driving innovation in the industry. We look forward to progressing the development of this solution and helping businesses increase efficiency and productivity." "Expert.ai commitment to integrate best-of-breed AI tools and visionary techniques that deliver value aligns completely to the Vection Technologies vision towards innovation as a key asset to bridge physical and digital worlds," commented Walt Mayo, CEO of expert.ai. "We are pleased about this new partnership as it brings a disruptive solution to the market by combining XR avatars and AI-enabled natural language to push the boundaries of our digital experience." 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 EXPERT.AI: Expert.ai (EXAI:IM) is a leading company in AI-based natural language software. Organizations in insurance, banking and finance, publishing, media and defense all rely on expert.ai to turn language into data, analyze and understand complex documents, accelerate intelligent process automation and improve decision making. Expert.ai's purpose-built natural language platform pairs simple and powerful tools with a proven hybrid AI approach that combines symbolic and machine learning to solve real-world problems and enhance business operations at speed and scale. With offices in Europe and North America, expert.ai serves global businesses such as AXA XL, Zurich Insurance Group, Generali, The Associated Press, Bloomberg INDG, BNP Paribas, Rabobank, Gannett and EBSCO. For more information, please visit:https://www.expert.ai FORWARD LOOKING STATEMENTS: Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies' current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward looking statements can generally be identified by the use of forward-looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on future earnings, distributions or financial position or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

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VECTION TECHNOLOGIES AND EXPERT.AI TEAM UP TO DIGITIZE TECHNICAL MANUALS WITH AI

/PRNewswire/ -- Vection Technologies (ASX:VR1, OTC:VCTNY), the INTEGRATEDXR® company, and expert.ai (EXAI:IM), a leading company in artificial intelligence...

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SEVERAL PATENTS GRANTED ACROSS THE US AND THE EU, STRENGHTENING THE INTEGRATEDXRÂ® IP - PRN India News

SEVERAL PATENTS GRANTED ACROSS THE US AND THE EU, STRENGHTENING THE INTEGRATEDXRÂ® IP - PRN India News
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SEVERAL PATENTS GRANTED ACROSS THE US AND THE EU, STRENGHTENING THE INTEGRATEDXR® IP

/PRNewswire/ -- Vection Technologies, the INTEGRATEDXR® company, announces several patents granted across the US and Europe related to its INTEGRATEDXR®...

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Vection Technologies Ltd: SEVERAL PATENTS GRANTED ACROSS THE US AND THE EU, STRENGHTENING THE INTEGRATEDXR® IP

PERTH, Australia, March 19, 2023 /PRNewswire/ -- Vection Technologies, the INTEGRATEDXR® company, announces several patents granted across the US and Europe related to its INTEGRATEDXR® technology

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VECTION TECHNOLOGIES: INITIATION OF COVERAGE BY EQUITY RESEARCH COMPANY EDISON

PERTH, Australia, Nov. 29, 2022 /PRNewswire/ — Vection Technologies Ltd (ASX:VR1, OTC:VCTNY), the INTEGRATEDXR® company, announced today that equity research company,...

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