American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Operator XR –Awarded $800,000 Government Contract

by admin July 4, 2024
July 4, 2024
Operator XR –Awarded $800,000 Government Contract

xReality Group Limited (“XRG” or the “Company”) is pleased to announce the sale of multiple systems of its Operator XR Virtual Reality Training System to a new Australian State Government customer.

Key highlights

  • Total Contract Value $809,600
  • Delivery Q1 FY2025
  • Full payment received 03 July 2024.

This latest sale, combined with continued momentum in the month of June to new US Law Enforcement customers sees a 75% increase to Operator XR’s Annual Recurring Revenue (ARR) during June from $1.26M to $2.21M.

Operator XR, a wholly owned subsidiary of xReality Group Ltd, provides Military and Law Enforcement agencies around the world with a unique, integrated Virtual Reality System for specialist training, mission planning that is portable, secure, and highly immersive.

Operator XR has received full payment for the delivery of its Virtual Reality Training System scheduled for Q1, FY2025.

XRG CEO Wayne Jones said, “Building off the recent success with the Australian Defence Force, we are excited to be broadening our user base across other agencies in Australia.”

This ASX Release is authorised by the Board of xReality Group Limited, pursuant to and in accordance with Listing Rule 3.1, all other details of the transaction are confidential.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Jindalee Secures Up to $6.7M in Funding to Advance McDermitt Lithium Project
next post
‘Anyone who fell did not get up’: Locals recall chaos and confusion at scene of deadly crush in India

Related Posts

Tata Motors shares slide further, but analysts spot...

February 14, 2025

Chipotle stock is expensive than NVIDIA and Microsoft:...

November 6, 2024

Proposed Agreement to Settle Cosmo Gold Loan

June 17, 2024

Rolls-Royce share price hits turbulence: can it still...

March 31, 2025

How India-Canada tensions could disrupt $9.8 billion in...

October 16, 2024

Crypto price predictions: Stellar (XLM), Decentraland (MANA), Stacks...

April 21, 2025

StrategX Expands Nagvaak Critical Metals and Graphite Discovery...

March 28, 2024

Here’s why Block (SQ) stock could rise 20%...

November 2, 2024

FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo,...

June 6, 2025

VYM, DGRO, and SCHD ETF braces for three...

January 14, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Oil jumps 2% as OPEC agree to smaller output hike for October, sanction threats looms

      September 8, 2025
    • Weekly recap: tech titans woo Trump, Xi’s political theatre, Starmer’s reshuffle

      September 7, 2025
    • Trump reaffirms backing for Robert Kennedy amid vaccine policy turmoil

      September 7, 2025
    • South Korean president promises aid to citizens held in US immigration raid

      September 7, 2025
    • Tim Cook’s repeated ‘thank yous’ at Trump’s White House dinner go viral

      September 7, 2025

    Categories

    • Business (3,886)
    • Investing (2,835)
    • Latest News (2,058)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved