BUZZ-Australia's Advanced Braking Technology hits nearly 2-month high on distribution agreement

Reuters10-22

** Shares of Advanced Braking Technology rise as much as 6.7% to A$0.080, their highest since Aug. 29

** Auto parts manufacturer announces three-year exclusive agreement with RaptorTech to market and sell braking system BrakeiQ globally

** Co expects partnership to generate incremental revenue, and help it expand into new untapped markets

** Stock rises for a third consecutive session

** About 600,000 shares change hands, compared with the 30-day avg of ~98,000

** Stock up 46.2% YTD, as of 0428 GMT

($1 = 1.4995 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment