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.
Image from: https://www.nuheara.com/