Australia's xReality Group surges after unit wins order from Texas state
ReutersAug 7, 2025 3:52 AM
xReality Group XRG.AX soars as much as 58.1% to A$0.049, highest since September 11, 2024; last up 25.8%
Co, which develops software for mission-critical simulations for military and law enforcement, says unit Operator XR LLC won contract worth up to A$5.7 mln ($3.7 mln) from State of Texas
Under deal, co's unit will supply its flagship OP2 training systems, portable VR trainer for military and law enforcement to Texas Department of Public Safety
Co says contract largest order for OP2 systems to date; expects delivery throughout Q2 FY26
About 15 mln shares traded, ~9x the 30-day avg
YTD, XRG gains 30%
($1 = A$1.5378)
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