Forward Industries soars on distribution agreement with Chipolo

Forward Industries

15/06/2021 22:02

** Shares of product design and engineering co  FORD.O  soar
41% to $3.85 in extended trading - highest since March 3
    ** FORD enters agreement with Chipolo Inc to distribute
Chipolo's tracker products in U.S.  urn:newsml:reuters.com:*:nGNX8yWLTr
    ** Products enable an easy, fast way to help locate items
such as keys or wallets by attaching a tracker to keychain - Co
    ** Says it will distribute products through exclusive
distribution agreements with select big box stores and other
retailers
    ** Shares of FORD trading above their 50-, 150-, 200-DMA
price
    ** FORD had surged nearly 55% YTD, up to last close

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))