XRG awarded $2.1m Grant to scale Operator XR
Stock | Xreality Group Ltd (XRG.ASX) |
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Release Time | 7 Aug 2025, 8:55 a.m. |
Price Sensitive | Yes |
XRG awarded $2.1m Grant to scale Operator XR
- Awarded $2.1m Industry Growth Program grant to accelerate AI roadmap for Operator XR
- Increase manufacturing capacity of training weapons by 100% through new equipment
- Achieve global security and quality certifications for large defence and government contracts
XRG has been awarded a $2.1m merit-based grant as part of the Australian Government's Industry Growth Program to accelerate the AI product roadmap for its Operator XR platform and become the leading VR tactical training offering across the Law Enforcement and Defence markets globally. The grant will enable XRG to accelerate the integration of advanced AI and cloud services into the Operator XR training system, increasing real-time feedback to users, augmenting instructors, and increasing the value and throughput of the training system. It will also allow XRG to increase the manufacturing capacity of training weapons at its Sydney headquarters by 100% through the addition of new additive manufacturing equipment and electronics design. Additionally, the grant will help XRG achieve a suite of global security and quality certifications required for large defence and government prime contracts.
The $2.1m Industry Growth Program grant will be paid quarterly over a 24 month period commencing 1st August 2025. The funding will be used for existing and new headcount, and capital equipment, with payments aligning to eligible expenses incurred through each quarter.
The Operator XR platform has seen extraordinary growth over the last 3 years, and the grant will allow XRG to fast track the AI roadmap, further positioning Operator XR as the market leader in tactical simulation and increasing both the training ROI for customers and the Company's growth.