Australia's Elsight gains on securing biggest single order

Elsight

25/09/2024 03:17

** Shares of Elsight  ELS.AX  rise as much as 13.95% to
A$0.49, their highest level since July 10
   ** Communication tech developer secures $380,000 initial
purchase order from a defence contractor to develop and supply a
first batch of a new communication device
    ** Co says it is its biggest single order received from a
single defence customer to date
    ** Says the new device will leverage cellular and other
communication technologies to support various applications of
both portable and stationary sensors
    ** About 444,200 shares change hands by 0210 GMT, 6.6 times
the 30-day average volume 
    ** Stock had risen 13.16% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))