Australia's archTIS climbs on contract with DHL Information Services

Archtis

01/05/2023 04:31

** Shares of archTIS  AR9.AX  rise as much as 6.6% to
A$0.097, on track to mark their best session since April 24 if
gains hold
    ** The data security firm signs an agreement with DHL
Information Services (Europe) to license its products NC Protect
and NC Encrypt
    ** The initial contract value is A$353,332 ($234,153.12), of
which A$111,430 is for annual recurring licensing revenue across
800 users
    ** Stock down 17.3% so far this year, as of last close 

($1 = 1.5090 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))