Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd remains optimistic despite recent challenges, citing a strong order book and cost-saving initiatives. The company has completed the relocation of its headquarters and main manufacturing facility to Fairfield, cutting long-term costs, and has entered a manufacturing agreement with Season Group. Additionally, they are working on refinancing debt to enhance access to working capital.
For further insights into AU:TTI stock, check out TipRanks’ Stock Analysis page.