Australia's Constellation Technologies jumps on deals with Fujitsu and QTEQ

Constellation Technologies

09/07/2021 05:44

** Shares of Constellation Technologies  CT1.AX  soar as
much as 30.8% to A$0.017, their biggest intraday pct gain since
November 2020 
    ** IT services developer says co signed agreements with two
partners, IT products and services provider Fujitsu Australia
Ltd and disaster alert monitoring systems maker QTEQ Pty Ltd
 urn:newsml:reuters.com:*:nASX4t5Pqs
    ** CT1 says signed a Master Services Agreement (MSA) to
supply IoT Hardware and Software Development with Fujitsu for a
minimum of three years
    ** Says co to directly licence its software platform
MeridianCT (MCT) to end-clients of Fujitsu Australia
    ** Co says it has also made its first licence sale in
Australia of MCT Platform to QTEQ for a minimum of three years
    ** Stock hits its highest since June 30 
    ** More than 15.3 mln shares change hands, vs the 30-day
average volume of 1.3 mln shares
    ** Stock has fallen 60.6% this year, as of last close   
  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))