Australia's Buddy Technologies rises on deal with U.S. retailer Best Buy

Buddy Technologies

11/03/2022 03:55

** Shares of Buddy Technologies  BUD.AX  rise as much as
66.7% to A$0.010, hitting their highest since Feb 11 
    ** Stock set to post its best session since Aug 2015, if
gains hold 
    ** The cloud-based data management platform says it entered
into a new vendor programme agreement with U.S consumer
electronic retailer Best Buy  BBY.N   urn:newsml:reuters.com:*:nFWN2VD1CJ
    ** Co says the agreement will help elevate marketing and
promotion for its products for consumer business LIFX and make
room for products launching this year
    ** Says pre-sales for LIFX Downlight have launched in the
United States, and the retail launch partner will be Best Buy
    ** About 11 mln shares change hands, compared with the
30-day average of 6.3 mln shares 
    ** Stock down 57.1% this year, as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))