XRG.ASX: First European Contract

First European Contract

Stock	Xreality Group Ltd (XRG.ASX)
Release Time	20 May 2026, 9:03 a.m.
Price Sensitive	Yes

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XRG Secures First European Contract with Swedish Military

Key Points

First European contract for Operator XR
Contract value of approximately A$450,000
Delivery scheduled for Q4 FY26
Establishes a reference customer in the European market

Full Summary

Xreality Group Limited (ASX: XRG) announced that its subsidiary, Operator XR, has secured its first European contract with a Swedish military customer. The contract, valued at approximately A$450,000, includes an OP-2 Virtual Reality (VR) tactical training system, software licenses, integrated training hardware, and ongoing support services. This marks Operator XR's first sale in Europe and its first deployment with a NATO member's armed forces, complementing existing momentum in North America and Asia-Pacific. The contract was executed through Operator XR's Swedish distribution partner, PROMOTEQ i Sandviken AB, and is scheduled for delivery in Q4 FY26. The Swedish Armed Forces are modernizing their training and capability, with immersive simulation as a priority area.