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The latest update is out from XReality Group Ltd ( (AU:XRG) ).
XReality Group Limited has been awarded a $2.1 million grant from the Australian Government’s Industry Growth Program to enhance its Operator XR AI product roadmap. This funding aims to position Operator XR as a global leader in VR tactical training for law enforcement and defense markets. The grant will enable the integration of advanced AI and cloud services, increase manufacturing capacity, and achieve global security certifications, thereby enhancing the training system’s value and throughput. This initiative builds on previous efforts to advance XRG’s AI capabilities, ensuring long-term product differentiation and reduced costs for military and law enforcement customers.
More about XReality Group Ltd
xReality Group Limited is a leader in enterprise software development for mission-critical simulations, focusing on military and law enforcement sectors. The company specializes in developing and operating both physical and digital simulations, with a portfolio that includes Indoor Skydiving facilities, Virtual Reality (VR), and Augmented Reality (AR) entertainment, training, and production.
Average Trading Volume: 1,172,998
Technical Sentiment Signal: Sell
Current Market Cap: A$21.56M
See more insights into XRG stock on TipRanks’ Stock Analysis page.