Australia's Nanoveu hits over 5-year high on AI-driven drone endurance breakthrough

Nanoveu

02/09/2025 04:17

** Shares of Australia's Nanoveu NVU.AX rise as much as 30% to A$0.130, their highest point since late-May 2020

** Stock marks its biggest intraday percent gain since April 10

** The advanced nanotechnology firm says ECS-DoT ultra-low-power AI chip delivered exceptional improvements in drone flight endurance in Phase 2 drone evaluation programme

** Findings highlight significant gains in drone flight endurance, widely recognised as the biggest constraint on UAV performance and commercial adoption, says Nanoveu

** Around 31.5 million shares change hands vs 30-day average volume of ~12.6 million

** NVU last up 15%, bringing YTD gains to 238.2%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com;))