Operator XR signs MOU with Thales Australia

Operator XR signs MOU with Thales Australia to expand training and simulation capabilities across Defence and Security markets

Sydney, Australia – 19 June 2026 – xReality Group Limited (ASX:XRG) is pleased to announce the two-way collaboration: Operator XR and Thales Australia will jointly pursue defence, security and law enforcement training and simulation programs in which either party may lead.

Highlights

  • xReality Group Limited (ASX: XRG) subsidiary Operator XR Pty Ltd (Operator XR) has signed a Memorandum of Understanding (MOU) with Thales Australia Limited (Thales).

  • The MOU sets a framework for the parties to jointly pursue training and simulation programs across the defence, security and law enforcement markets.

  • The relationship is reciprocal in which either party can lead or support the other, depending on the opportunity, while leveraging Thales’s global reach and Operator XR’s market penetration.

  • This collaboration reinforces Thales’s commitment to delivering next-generation training and simulation solutions that enhance armed forces’ operational readiness and safety across the Asia-Pacific region and beyond.

xReality Group Limited (ASX: XRG) (the Company) advises that its subsidiary Operator XR has entered into a Memorandum of Understanding with Thales Australia Limited. Thales Australia is part of the global Thales Group and a leading provider of training and simulation systems and services.

Under the MOU, the parties may conduct joint business development, including tender responses, customer engagements and capability demonstrations, to develop competitive offerings for defence, security and law enforcement customers. The relationship is two-way. On Thales-led opportunities, Operator XR’s in-service training technology can reach programs of a scale beyond its current direct footprint. On Operator XR-led opportunities, Thales can contribute as a supplier or subcontractor. Each party may act as prime contractor or supplier to the other, depending on the opportunity.

"This is a genuine two-way collaboration with a global defence prime. It opens a path to programs of a scale that would be difficult to reach on our own and equally allows us to bring Thales’s capability into opportunities we lead. It is a strong endorsement of our technology, and we look forward to pursuing these opportunities together."

“Teaming up with innovative Australian companies like Operator XR is central to how Thales Australia builds sovereign capability and competitive solutions for our customers. Operator XR’s immersive training technology is a strong complement to our Small Arms and Live training and simulation products and services, and we look forward to working together to pursue opportunities across the defence, security and law enforcement markets, in Australia and internationally.”

About the parties

xReality Group Limited (ASX: XRG) is an Australian immersive-technology company. Its Operator XR platform delivers scenario-based virtual and mixed reality training and is in service with more than 100 military and law enforcement agencies internationally.

Thales is a global technology leader in defence, aerospace, cyber and digital security. Thales Australia is one of Australia’s largest defence providers, including through its Simulation and Training business, and is a long-standing prime contractor in the Commonwealth of Australia Department of Defence’s Global Supply Chain Program.

Forward-looking statements

This announcement may contain forward-looking statements about the potential of the collaboration

described above. The MOU is non-binding and there is no certainty it will result in any binding agreement, project, contract or revenue. Forward-looking statements are subject to risks and uncertainties beyond the Company’s control, and actual results may differ materially.

About xReality Group Limited (ASX:XRG)  

xReality Group Limited are leaders in enterprise software development for mission-critical simulations for military and law enforcement. The company develops and operates physical and digital simulation facilities, specifically tailored to the markets of defence, law enforcement, and emergency services. 

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