Nuheara (ASX:NUH) signs a supply agreement with HP Inc

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Nuheara (ASX:NUH) has signed an agreement to manufacture HP branded products for American multinational information technology company HP Inc (NYSE:HPQ).

The first product to be introduced under the terms of the agreement is a True Wireless Earbud utilising Nuheara intellectual property.

The Hardware Product Purchase Agreement has a contracted initial term of three years with automatic renewals for successive one-year periods.

Nuheara is set to raise $11.5 million in conjunction with the agreement.

Shares in Nuheara (ASX:NUH) are trading 15.9 per cent higher at $0.05.
 
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Source: Finance News Network