Australia's Acusensus jumps on expanding government contract

Acusensus

11/12/2024 04:06

** Acusensus  ACE.AX  jumps as much as 14% to A$1.14,
highest since Feb. 26
    ** AI-based road safety solutions firm expands existing
mobile phone and seatbelt technology agreement with the
Queensland Department of Transport and Main Roads for ~A$27.4
mln ($17.5 mln)
    ** Contract will provide additional "Heads-Up" solution to
detect illegal mobile use, enforce seatbelt compliance
    ** More than 849,000 shares traded, 5.7x the 30-day avg
    ** Stock up 39.2% YTD

($1 = A$1.5659)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))