Three-year agreement with minimum annual commitment of $2.5m; URBANnext SA to utilise and commercialise the Algho AI platform across smart city, infrastructure and urban services deployments for public and private sector clients Australia, 14th July 2026 – Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA: S1X) ("Vection" or the "Company"), a leading provider of INTEGRATEDXR® and AI-powered digital transformation solutions, is pleased to announce the execution of a three-year framework agreement with URBANnext SA, a Switzerland-based technology and innovation company focused on digital transformation for smart cities, urban infrastructure and public services. Under the agreement, URBANnext SA will utilise and commercialise Vection's Algho AI platform and related services across its client base. The agreement carries a minimum annual purchase commitment of $2.5m and a minimum aggregate contract value of $7.5m over the initial three-year term. KEY HIGHLIGHTS - Minimum aggregate contract value of $7.5m over three years, with a minimum annual purchase commitment of $2.5m, providing a committed revenue floor for the duration of the initial term. - URBANnext SA will utilise and commercialise the Algho AI platform and related services, including AI software licences, professional services, systems integration, implementation, and ongoing maintenance and support. - Individual projects and deployments will be governed by separate orders and technical-commercial proposals issued under the framework, creating a structured pipeline of Algho deployments across URBANnext SA's client portfolio. - URBANnext SA operates across smart city, public infrastructure and urban services markets, working with public authorities and private sector clients across Europe. Its focus on IoT integration, data analytics and digital ecosystems aligns directly with the multi-stakeholder, multi-system environments Algho AI is designed to operate in. - The agreement advances Vection's indirect sales channel strategy, adding a qualified European partner with established relationships in markets that represent a natural expansion path for Algho. OVERVIEW This agreement