Australia's Audio Pixels posts best session in 11 years on manufacturing deal

Audio Pixels Holdings

17/12/2021 01:23

** Shares of Australia's Audio Pixels Holdings  AKP.AX  soar
as much as 37.8% to A$26.19, post their best intraday session
since Aug 23, 2010 
    ** Stock tops the ASX All Ordinaries  .AORD  Index
    ** The digital speakers maker announces agreement with Earth
Mountain (Shanghai) Intelligent Technology to mass produce AKP's
digital loudspeaker product  urn:newsml:reuters.com:*:nASX4R2JkR 
    ** Earth Mountain expected to start volume production of the
digital MEMS speaker within Q1 2022
    ** Earth Mountain is also guaranteeing AKP long-term
resilient supply of tens of millions of digital loudspeaker
chips per year
    ** Stock hits highest level since Oct 28
    ** About 28,000 shares have traded, over four times the
30-day average of about 6,000 shares 
    ** Stock down 21% YTD, as of last close
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))