Egide: share price rises, contract renewed with Lynred

(CercleFinance.com) - On Friday, Egide shares posted one of the strongest gains on the Paris market, following the renewal of its contract with Lynred, a specialist in infrared image detectors.


At around 11:00 a.m., shares in the manufacturer of hermetic enclosures for sensitive electronic components gained over 6%, while the CAC Mid & Small index advanced by 0.3% at the same time.

The group announced on Thursday evening the signing of a new multi-year framework contract with Lynred, a designer of high-quality infrared detectors for the aerospace and defense markets.

While this new partnership is a continuation of an historic collaboration dating back several decades, the agreement also comes at a time of managerial renewal for both companies.

In a press release, the two groups state that the agreement bears witness to their mutual trust and shared determination to develop ever more effective solutions tailored to the needs of their defense customers, and to innovate in order to remain at the cutting edge of technology.

As a reminder, Egide also recently strengthened its long-standing partnership with Exosens in the field of detection, photo-detection and imaging, which resulted in a 3% gain on the stock market.

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