Australia's archTIS gains on signing defence contract
02/10/2024 02:17
** Shares of archTIS AR9.AX rise as much as 42.7% to
A$0.097, set to gain most since June 23, 2022 - if current trend
holds
** The data-centric software solution provider signs A$2.3
million ($1.58 million) contract
** Co says contract is to expand co's NC Protect licenses
across the Australian Department of Defence
** Adds, NC Protect is a data-centric security product which
secures sensitive information
** Stock hits its highest level since April 18
** Stock is down over 30% YTD as of 0107 GMT
($1 = 1.4529 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))