Virtual reality ‘tipping point’ unlocks potential for Vection Technologies

Virtual reality ‘tipping point’ unlocks potential for Vection Technologies

Date of Report: Market close on Tuesday, 22nd March
ASX: VR1Price: $0.105

52 Week Range: $0.053 - $0.290

Market Cap: $116.54M

Sector: Software & Services

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In November, Andrew Chapman, from Merchant Group, selected Vection Technologies as one of his three favourite stocks, noting the business is well positioned to capitalise on the growing trend towards virtual reality.

10 November, 2021

2 February, 2022

The Insider: Meet the Fund Manager sessions are a great way to hear directly from leading fund managers. They share their approach to investing, favourite companies and their market view for the year ahead.

The Insider: Meet the CEO sessions feature a selection of company leaders who provide a succinct overview of big things their companies are doing. 

The world is reaching a critical point in the adoption of virtual reality, and Merchant Group’s Andrew Chapman says Vection Technologies will help drive the change.

The company provides enterprises with ‘integrated extended reality (XR) technologies’ – bringing together numerous strands of advanced tech such as 5G, AI, NFTs, Internet of Things and cloud computing to enable businesses to operate in the ‘metaverse’.

Effectively, it allows businesses and consumers to replicate and even improve the physical experiences they currently enjoy in digital space.

“We’re right at the tipping point between bricks and mortar and going into online realities,” Mr Chapman said.

“We’re playing this theory at the moment, and if you look back 20 years ago everything was 100% bricks and mortar, but where the world is heading now is into this virtual reality and I think that’s been exacerbated just recently from COVID.”

Consumers, Mr Chapman said, are now more willing to explore and engage with this new digital frontier, and Vection Technologies is well-placed to capture this market as one of the only players in this space listed on the ASX.

Gianmarco Orgnoni, CEO of Vection Technologies, said although the space is new and will take 5-8 years to fully establish itself, the market for these technologies is growing rapidly.

“Between 2022 and 2023, we are looking at really growing the company,” Mr Orgnoni added.

“We are right now in the global dominance phase of our strategy, so we are looking to accelerate adoption of integrated XR organic growth across verticals and markets to create experiential synergies between companies processes and operations.”

Mr Orgnoni said the business is currently seeking to grow through both organic and inorganic channels, including acquiring select businesses that give access to clients already engaging with this technology.

Click here to view more videos from Andrew Chapman’s  Meet the Fund Manager’ session, or click here to view the full ‘The Insider: Meet the CEOs’ session.

The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.

Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.

The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.

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The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.
Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.
The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.