BUZZ-Australia's Adisyn jumps on setting up new defence tech unit

Reuters

昨天

** Shares of Adisyn AI1.AX rise as much as 31.6% to A$0.05, their highest level since March 5

** Tech co establishes new unit 2D Radar Absorbers Ltd to progress radar signature reduction technologies for drone, unmanned aerial vehicle $(UAV)$, and other defence applications

** About 8.9 million shares change hands, 5x 30-day average

** Stock down 32.8% so far this year, including the day's move

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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