New Zealand's Truescreen Group jumps on signing supply agreement with Zapco

Truscreen

01/09/2022 01:27

** Shares of New Zealand-based Truescreen Group Ltd  TRU.NZ 
rise as much as 6.4% to NZ$0.05; biggest intraday pct gain since
Aug 3
    ** Co signs a five-year manufacturing agreement with Zapco
International for the supply of Single Use Sensors
(SUS) urn:newsml:reuters.com:*:nNZSgGta
    ** Says agreement confirms co's confidence in growing demand
for its cervical cancer screening medical device 
    ** Also says will facilitate closer cooperation between the
parties to affect product design and manufacturing optimisation
and efficiencies to reduce the cost of SUS 
    ** More than 31,000 shares change hands, vs the 30-day
average volume of 191,483 shares
    ** Stock has 42.7% this year as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))