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Micro-X Ltd. ( (AU:MX1) ) has issued an announcement.
Micro-X Ltd announced a strategic partnership with Malaysian company Billion Prima Sdn Bhd to commercialize a new scanning unit for baggage and parcel applications in South-East Asia. This partnership involves a $2.4 million equity investment by Billion Prima and a $3.2 million development agreement, expected to strengthen Micro-X’s financial position and expand its market reach. The collaboration aims to enhance Micro-X’s presence in the security technology market and provide a long-term revenue stream through the sale of its NEX Technology.
More about Micro-X Ltd.
Micro-X Ltd is an Australian hi-tech company specializing in cold cathode x-ray technology. It serves global health and security markets with a focus on developing innovative imaging solutions.
YTD Price Performance: -2.50%
Average Trading Volume: 473,426
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$45.53M
See more data about MX1 stock on TipRanks’ Stock Analysis page.