{"id":4695,"date":"2024-07-04T11:51:38","date_gmt":"2024-07-04T11:51:38","guid":{"rendered":"https:\/\/digitaltradecenter.com\/index.php\/2024\/07\/04\/operator-xr-awarded-800000-government-contract\/"},"modified":"2024-07-04T11:51:38","modified_gmt":"2024-07-04T11:51:38","slug":"operator-xr-awarded-800000-government-contract","status":"publish","type":"post","link":"https:\/\/digitaltradecenter.com\/index.php\/2024\/07\/04\/operator-xr-awarded-800000-government-contract\/","title":{"rendered":"Operator XR \u2013Awarded $800,000 Government Contract"},"content":{"rendered":"<p><strong>xReality Group Limited<\/strong> (\u201cXRG\u201d or the \u201cCompany\u201d) is pleased to announce the sale of multiple systems of its Operator XR Virtual Reality Training System to a new Australian State Government customer. <\/p>\n<p><strong>Key highlights<\/strong><\/p>\n<ul class='ee-ul'>\n<li>Total Contract Value $809,600<\/li>\n<li>Delivery Q1 FY2025<\/li>\n<li>Full payment received 03 July 2024.<\/li>\n<\/ul>\n<p>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\u2019s Annual Recurring Revenue (ARR) during June from $1.26M to $2.21M.<\/p>\n<p>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.<\/p>\n<p>Operator XR has received full payment for the delivery of its Virtual Reality Training System scheduled for Q1, FY2025.<\/p>\n<p><strong>XRG CEO Wayne Jones said<\/strong>, <em>\u201cBuilding off the recent success with the Australian Defence Force, we are excited to be broadening our user base across other agencies in Australia.\u201d<\/em><\/p>\n<\/p>\n<p>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. <\/p>\n<\/p>\n<p><strong>Click here for the full ASX Release<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>xReality Group Limited (\u201cXRG\u201d or the \u201cCompany\u201d) 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 <\/p>\n","protected":false},"author":1,"featured_media":4696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-4695","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/4695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=4695"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/4695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/4696"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=4695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=4695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=4695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}