Norwood Systems Hits Key Software Milestone, Reports Strong Cash Inflows; Shares Up 6%

MT Newswires Live

06/11

Norwood Systems (ASX:NOR) has reached the third milestone of its telecommunications contract by delivering software and license keys ready for deployment, demonstrating its ability to deliver advanced AI-driven voice technology on schedule while strengthening its cash position with strong customer receipts, according to a Wednesday filing with the Australian bourse.

Norwood reports strong cash inflows, with approximately AU$455,000 in customer receipts over the past 30 days, the filing added.

The company's shares were up 6% in recent Wednesday trade.

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