Airtificial rises on its largest contract in advanced robotics
21/07/2023 09:20
** Airtificial AI.MC shares rise more than 5% as it inks a
7.3 million euro ($8.1 million) contract with a North American
manufacturer from automotive sector
** It's the engineering group's largest contract in advanced
robotics
** The company will be in charge of design, manufacture and
installation of two assembly lines and testing of electric and
hybrid vehicle components in a Portuguese factory
** IG analyst Diego Morin said the news has put the company,
considered a small fish, on the radar for speculative investors
** Earlier this year, Ladislao Azcona became the first
shareholder with 23% of stake, according to Refinitiv Data, and
the company named Guillermo Fernandez de Penaranda as the new
CEO, boosting its shares
** Morin adds the arrival of Azcona as shareholder and
Penaranda as the new CEO boosted shares, as both are looking for
growth in robotics and AI
** Including today's rise, the stock has gained 122% YTD
($1 = 0.8988 euros)
(Reporting by Matteo Allievi)
((Matteo.allievi@thomsonreuters.com))