Weebit Nano gains most in over 1 month, enters agreement with DB Hitek

Entersoft SA

19/10/2023 02:24

** Shares of Australian semiconductor memory technology
developer Weebit Nano  WBT.AX  rise as much as 13.8% to A$3.55,
their biggest intraday pct gain since Sept 4
    ** Co stock at its highest level since Sept 21
    ** Co enters commercial agreement with DB Hitek  000990.KS  
    ** Adds under the agreement DB Hitek licenses Weebit ReRam
for its customers to integrate as embedded non-volatile memory
in systems on chips
    ** Agreement includes technology transfer, qualification,
and licensing - WBT
    ** Adds expecting increasingly strong market demand for WBT
ReRam, expects to sign further commercial agreements
    ** WBT down 4.3% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))