DataDot shares swell from JV contract win

DataDot shares swell from JV contract win

Shares microdot developer DataDot (ASX:DDT) have swelled 18% since the company announced its JV partner had won a contract with Elders Primary Wool New Zealand.

DataTraceDNA, a JV between DataDot and the CSIRO, said its licensee for textile applications, VTT Marketing, has signed a deal with Elders for its “Just Shorn” brand of carpets.

The 10-year license will see the carpets embedded with textile signatures only able to be identified using a specialized digital reader.

VTT Marketing executive director John Pettengill said counterfeiting within the fashion sector represented one of the biggest challenges to brand protection.

DDT shares are currently trading at $0.046.

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Tags securityCSIRObusiness dealsjoint ventureDataDot

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