Australia's Cipherpoint jumps to 1-mth high as unit signs services deal

Excite Technology Services

19/12/2022 02:06

** Shares of Cipherpoint Ltd  CPT.AX  jump as much as 14.3%
to A$0.008, their highest level since Nov. 18 
    ** The cybersecurity services provider says its subsidiary,
ExciteIT, has entered a services agreement with Lend Lease
Retirement Living Management Services Pty Ltd 
    ** Says contract value is A$1.73 mln ($1.16 mln)
    ** Says deal for hardware, software, discovery, security and
design services to be delivered in the next 6 months
    ** Stock has fallen 75% this year, as of last close 
($1 = 1.4899 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))