BUZZ-Australia's Nanoveu jumps on unit's collaboration with US co

Reuters12-09

** Nanoveu NVU.AX jumps as much as 12.1% to A$0.093, highest since October 30

** Stock set for strongest session in more than a week

** Nanotech co says its unit, Embedded A.I. Systems (EMASS), collaborating with chipmaker Semtech SMTC.O to bring long-range, battery-efficient intelligence to industrial, IoT markets

** "By working with EMASS, we're delivering practical solutions that give engineers the tools to deploy autonomous sensing at scale," says Nanoveu CEO Mark Goranson

** NVU last up 7.2%, taking YTD gains to ~160%

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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