Australia's Elsight soars after receiving US certification for drone system
07/09/2023 02:15
** Shares of Elsight Ltd ELS.AX rise as much as 25.8% to
A$0.390, posting their biggest intraday pct jump since Feb 17,
2021
** Co says the U.S. Federal Aviation Administration (FAA)
granted its Airobotics Optimus-1EX drone system a Type
Certificate
** Says certification will allow flight operations over
people and infrastructure without the need for case-by-case
waivers
** Says OPTIMUS 1-EX drone met all specific airworthiness
and noise standards set by the FAA
** Co's shares hit highest level since Sept 29, 2022
** ELS down 8.8% YTD, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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