Australia's Careteq jumps on product supply agreement

Careteq

02/10/2023 01:47

** Shares of Australia's Careteq Ltd  CTQ.AX  rise as much
as 18.2% to A$0.026; highest since Sept. 15
    ** Stock set to mark best day since Sept. 11, if gains hold 
    ** The health-tech company says it has received 1,500-unit
TEQ-Secure order from ADT New Zealand, a subsidiary of
Intelligent Monitoring Group   IMB.AX  
    ** TEQ-Secure is a personal safety pendant used to ensure
people are safe and protected when they’re working out in the
field 
    ** Adds units are scheduled for delivery in early November
and are expected to be added to the platform in the subsequent
weeks  
    ** Stock has fallen 60.6% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))