Australia's Traffic Technologies rises after contract with Sydney City Council

Traffic Technologies

21/01/2025 24:25

** Shares of Traffic Technologies  TTI.AX  rise 100% to
A$0.006, their biggest intraday pct jump 
    ** The traffic solutions provider up as much as 133.3%
earlier in the day, its highest level since early May 2024
    ** Co gets contract to supply LED street lights to Sydney
City Council worth up to A$3 mln ($1.88 mln) in initial five
years
    ** Says contract estimated to worth up to A$5 mln if
extended further
    ** Stock declined 70% in 2024

   ($1 = 1.5921 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))