Australia's HSC Technologies climbs most in about a month on new purchase order

Talius

04/04/2022 01:56

** Shares of HSC Technology Ltd  HSC.AX  climb as much as 16.7%
to A$0.013, their biggest intraday pct gain in nearly a month
    ** The technology provider says it has received an initial
purchase order from VitalCALL/CHUBB, a personal emergency alarm
service  urn:newsml:reuters.com:*:nFWN2VZ16H
    ** Says purchase order is for receiving 5,000 personal
emergency response systems for VitalCALL clients; will also
provide subscription services via their Talius Smart Care
Platform
    ** Adds revenue for the initial purchase order of 5,000
units is forecast to be more than A$1.6 mln ($1.20 mln)
    ** Stock has fallen 20% this year as of last close

($1 = 1.3344 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))