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.
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