Silex Systems hits over 8-year high on deal for product supply in U.S.

Silex Systems

04/07/2022 02:27

** Shares of Australian laser research and development firm
Silex Systems  SLX.AX  jump as much as 7.8% to A$2.36, their
highest since December 2013
    ** Co says it signed a letter of intent (LOI) with
nuclear-focused co Global Laser Enrichment and Duke Energy
Carolinas  urn:newsml:reuters.com:*:nFWN2YI1FL
    ** Says LOI identifies key areas of potential cooperation,
including supporting the deployment of SLX's product SILEX laser
enrichment technology in the U.S. 
    ** Shares on track for their biggest intraday pct gain since
June 27 
    ** SLX up 64.7% this year, as of last close, vs a 10.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))