Why the Vection (ASX:VR1) share price has surged up 9% today

The Vection Technologies Ltd (ASX: VR1) share price has rocketed up today on news the software company has signed a deal for its software program, Trainer Creator.

At the time of writing, the Vection share price has lifted 8.7% to an intraday high of 12.5 cents.

What’s the deal?

Vection announced it has made a pilot agreement with agri-food processing leader, Mutti SpA for its augmented reality (AR) program, Trainer Creator. 

Mutti is a famous Italian tomato brand. Established in 1899, the company generated global revenue of €378 million (close to A$610 million) for 2019.

Vection’s software program Trainer Creator – launched in June 2020 – enables machine operators and technicians to visualise tasks in AR through…