Australia's Archtis rises on deal with Singapore tech-service firm

Singapore Technologies Engineering

28/09/2022 02:45

** Shares of Archtis  AR9.AX  rise as much as 3.5% to
A$0.15, their biggest intraday pct gain since Sept 19
    ** Shares surge as the data security firm signs an Original
Equipment Manufacturing (OEM) agreement with NTT Singapore, a
global tech-service co  urn:newsml:reuters.com:*:nASX495XKC
    ** Says the initial contract is for a 3-year OEM
subscription licence valued at A$191,869 ($123,141.52)
    ** Adds that the agreement is to deliver the company's NC
Encrypt for SharePoint product to an important government
customer in Singapore
    ** Archtis stock down 23.7% this year, as of last close
    ($1 = 1.5581 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))