Shares of Ezgo Technologies Ltd. (EZGO) are up 84% on Friday following the announcement of a procurement deal with Hangzhou Huiyu Zhichuang Industrial Co., Ltd., a subsidiary of Huiyu Holdings Group.
Ezgo is trading on the Nasdaq at $2.88, up 84.61% or $1.32 per share. It has traded between $1.52 and $110.80 in the past 52-week period.
The agreement, valued at around $1.84 million (13.46 million RMB), includes the sale of twelve security patrol robots and an intelligent patrol platform for deployment at Huiyu Intelligent Innovation Park in Hangzhou, Zhejiang, China.
As per the agreement, Ezgo will deliver and set up the products, which come with features like self-navigation, live video streaming, and face and license plate recognition, within nine months.
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