Australia's Strategic Elements eyes best session in 11 months on automation success

Strategic Elements

23/12/2021 04:57

** Shares of robotics co  ASV.AX  soar as much as 30.2% to
A$0.280, on track for best session since Jan. 20 
    ** Co says fully owned Stealth AxV Automation & Robotics
Platform successfully achieved multiple development and
programme milestones across three different applications under
development  urn:newsml:reuters.com:*:nASX4xKTwp
    ** Says co collaborating with software-industrial co
Honeywell to develop autonomous security vehicles for the
correctional sectors, which include prison's security management
    ** Adds ASV has been successful in "thousands of operational
tests of advanced perimeter intrusion detection systems at a
Western Australian prison facility"
    ** Shares hit their highest level since Nov. 9 
    ** More than 6.5 mln shares change hands, compared with the
30-day average volume of ~954,600 shares  
    ** Stock up 7.5% this year, as of last close

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