Veris appointed as Digital Twin Victoria Innovation Partner

Veris Limited (ASX: $VRS) has successfully led a consortium to be appointed as a Digital Twin Victoria (DTV) Innovation Partner for the next three years. The services to be provided under the appointment are expected to be significant in value to Veris' operations over the duration of the program.

Executive Commentary on Landmark Partnership

This win opens doors to new opportunities and reinforces our position as trailblazers in the industry. It also reaffirms Veris's market-leading spatial expertise. As other Government agencies across the country continue to recognize the importance of the emerging digital twin landscape and increase their investment in the creation and updating of their digital twins, we will continue to see the pipeline of our opportunities expanding. We are keen to work with other states to deliver innovative and enduring digital twins that provide access to the right data and the right time to support analysis and decision making. Our team of spatial specialists have an enduring passion and professionalism to unlock innovation to create digital twins and creatively innovate to ensure these digital assets remain current and benefit from real-time monitoring and updates. Furthermore, we've been able to assemble a remarkable group of spatial and wider expertise through our consortium. This win is closely aligned to our digital strategy, and we are thrilled to embark on this transformative journey with Digital Twin Victoria.

Summary of Veris' Landmark Partnership

Veris Limited (ASX: $VRS) has secured a landmark partnership as the Digital Twin Victoria (DTV) Innovation Partner for the next three years. The appointment is expected to significantly impact Veris' operations over the program's duration. The win positions Veris as a leader in the Australian digital twin landscape, showcasing the company's commitment to innovation and excellence. The partnership will involve designing and building additional functionality within the DTV Platform, marking a new era of collaboration and advancement. Veris, along with its consortium, will provide advice, solution design, and development of major new features, data transformations, integrations, and capabilities that enhance the DTV platform over the next three years. This achievement aligns closely with Veris' digital strategy, reflecting the company's ambitions and goals in the emerging digital twin landscape.