Australia's Nanoveu jumps on unit's collaboration with US co

Nanoveu

09/12/2025 03:15

** Nanoveu NVU.AX jumps as much as 12.1% to A$0.093, highest since October 30

** Stock set for strongest session in more than a week

** Nanotech co says its unit, Embedded A.I. Systems (EMASS), collaborating with chipmaker Semtech SMTC.O to bring long-range, battery-efficient intelligence to industrial, IoT markets

** "By working with EMASS, we're delivering practical solutions that give engineers the tools to deploy autonomous sensing at scale," says Nanoveu CEO Mark Goranson

** NVU last up 7.2%, taking YTD gains to ~160%

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))