Australia's icetana gains most in 3 months on AI distribution deal

Icetana

12/06/2026 05:25

** Shares of Australia's icetana Ltd ICE.AX surge as much as 14.7% to A$0.039, marking their biggest intraday pct gain since March 13
** Stock touches highest level since May 18
** IT services firm says it has executed a distribution agreement with SoftBank Robotics America, expanding its partnership with SoftBank Robotics Group into the Americas
** Says agreement allows continued global expansion of co's AI technology
** The agreement opens doors for icetana AI at a scale and speed that the co could not achieve independently, says icetana CEO Kevin Brown
** YTD, stock down 25%, including session's gains

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))