11/09/2024

XRG is currently up 29.7% (at time of writing) after this announcement:

“$5.6M contract awarded for US Department of Defense project

• The contract scope is to deliver a new immersive training capability and includes supplying Operator XR system licenses along with R&D services.

• The R&D project duration is 20 months commencing 11th September 2024.

• The contract presents opportunities for follow on work.

xReality Group Limited (XRG) is pleased to announce it has been awarded a $5.6M AUD contract to deliver a new immersive training capability to the United States Department of Defence. The contract has been awarded to XRG by Acrolect Solutions LLC, DBA Endurance Group, who is serving as prime contractor to the US Department of Defence for the R&D effort.

This project represents the first sale of Operator XR’s immersive training systems to a US Federal Government customer, and will be delivered across a period of 20 months starting 11th September 2024. The contract includes pathways for follow on work within the DoD and broader US Government agencies.

CEO of XRG, Wayne Jones said “the strategic importance of this project cannot be understated, representing Operator XR’s first major engagement with the US Department of Defence. Operator XR will be jointly developing a cutting edge capability that has the potential to expand into further global agencies as well as the many operational units within the US Defence Force.”

This ASX Release is authorised by the Board of xReality Group Limited. END”

Do not hold, however have added to watchlist.