Australia's LaserBond jumps to 2-week high on licensing deal with Komatsu
15/10/2026 04:02
BUZZ-Australia's LaserBond jumps to 2-week high on licensing deal with Komatsu ** Shares of LaserBond LBL.AX rise as much as 7.9% to A$0.55, their highest since September 30
** On track to log best session since September 4
** Engineering company executes second licensing agreement with manufacturer of earthmoving and mining equipment Komatsu
** Agreement covers a second modular laser cladding cell for Komatsu's Perth facility, providing further validation of Laserbond’s technology
** Adds, it executed first licensing agreement with Komatsu, which valued at A$2.4 million ($1.67 million) in August 2025, with the first cell completed on time and on budget
** Down 14% YTD
($1 = 1.4372 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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