Australia's LaserBond jumps to 2-week high on licensing deal with Komatsu

By Reuters News

** Shares of LaserBond LBL.AX rise as much as 7.9% to A$0.55, their highest since September 30

** On track to log best session since September 4

** Engineering company executes second licensing agreement with manufacturer of earthmoving and mining equipment Komatsu

** Agreement covers a second modular laser cladding cell for Komatsu's Perth facility, providing further validation of Laserbond’s technology

** Adds, it executed first licensing agreement with Komatsu, which valued at A$2.4 million ($1.67 million) in August 2025, with the first cell completed on time and on budget

** Down 14% YTD

($1 = 1.4372 Australian dollars)

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