Australia's Advanced Braking Technology hits nearly 2-month high on distribution agreement

Advanced Braking Technology

22/10/2024 05:36

** Shares of Advanced Braking Technology  ABV.AX  rise as
much as 6.7% to A$0.080, their highest since Aug. 29
    ** Auto parts manufacturer announces three-year exclusive
agreement with RaptorTech to market and sell braking system
BrakeiQ globally
    ** Co expects partnership to generate incremental revenue,
and help it expand into new untapped markets
    ** Stock rises for a third consecutive session
    ** About 600,000 shares change hands, compared with the
30-day avg of ~98,000
    ** Stock up 46.2% YTD, as of 0428 GMT

($1 = 1.4995 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))