Australia's DUG Technology rise on upgrade to contract value

DUG Technology

16/09/2025 02:08

** Shares of DUG Technology DUG.AX rise as much as 13.3% to A$2.47, their highest level since early October 2024

** The technology company receives first purchase order for the PETRONAS SaaS and HPCaaS deal announced earlier in the month

** The purchase order covers the first year of the initial three-year term and is valued at $14.9 million, says co

** Co expects the minimum contract value of at least $43.3 million, versus previously announced value of $23.8 million

** Stock currently up 12.8%, bringing YTD gains to 76.3%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))