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XReality Group Ltd ( (AU:XRG) ) has issued an update.
xReality Group Limited’s US subsidiary, Operator XR LLC, has secured a $5.71 million contract with the Texas Department of Public Safety (DPS) to provide OP-2 training systems. This contract, the largest to date for Operator XR, includes software licenses, VR training systems, and support services, with an initial order of $4.3 million and an option for an additional $1.4 million in support over three years. The systems will enhance law enforcement training across Texas, reinforcing xReality’s U.S. growth strategy and expanding its footprint with a high-credibility reference customer.
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 both physical and digital simulations, with a portfolio that includes indoor skydiving facilities, virtual reality (VR), and augmented reality (AR) entertainment, training, and production. Operator XR, a subsidiary, offers integrated mission planning and rehearsal systems for military and law enforcement agencies.
Average Trading Volume: 1,172,998
Technical Sentiment Signal: Sell
Current Market Cap: A$21.56M
Learn more about XRG stock on TipRanks’ Stock Analysis page.