Australia's Sparc rises on deal with SA government

Sparc Technologies

28/03/2024 02:38

** Shares of Sparc Technologies  SPN.AX  rise as much as
1.8% to A$0.28, their highest level since March 19
    ** Technology firm executes binding agreement with the South
Australian Department for Infrastructure and Transport (DIT) to
conduct collaborative field trials involving the application of
ecosparc enhanced coatings on steel infrastructure
    ** Says trial will involve incorporating ecosparc, which is
produced at its manufacturing facility
    ** Co expects agreement to be a key step towards global
adoption and commercialisation of ecosparc in anti-corrosive
coatings - MD Nick O’Loughlin
    ** About 100,400 shares change hands, compared with the
30-day average volume of more than 38,200 shares
    ** Stock up 5.7% this year, as of last close

 (Reporting by Megha  Rani)
 ((Megha.Rani2@thomsonreuters.com;))