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Vection Technologies Ltd (ASX:VR1)

ALERT: Price-sensitive ASX Announcement for VR1
Current share price for VR1 : $0.016 -0.005 (-23.81%)+
Announcement
Release
6 Jul 2026 8:22AM
Price at Release
$0.021
Full Release
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Summary
Vection Technologies Ltd announced receiving a substantial order valued at $3.2 million from Retelit Digital Services, which is a major enterprise IT services company in Italy. This order, recognized within the financial year 2026, involves the installation of two Algho AI Appliances at Retelit's DC Avalon 3 data centre. The Core unit, equipped with dual NVIDIA H200 GPUs, is designed for high-volume enterprise AI tasks, while the Secondary unit, with dual NVIDIA RTX 6000 Pro GPUs, efficiently handles a larger volume of lighter AI tasks. This makes Vection a designated AI provider, aligning with Retelit’s expansive fiber network operations in Italy.
Key Points
  • Vection Technologies Ltd received a $3.2 million order from Retelit Digital Services.
  • The order is for two Algho AI Appliances installed at DC Avalon 3.
  • The Core unit uses dual NVIDIA H200 GPUs for enterprise AI services.
  • The Secondary unit uses dual NVIDIA RTX 6000 Pro GPUs for lighter AI tasks.
  • The order is fully recognized in FY26.
  • Retelit Digital Services certified Vection as a key AI technology provider.
  • Retelit is Italy's largest independent enterprise fiber network operator.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.