CollPlant surges 16% on multi-year Israeli defense contract

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CollPlant Biotechnologies (CLGN.US) surged more than 16% during regular trading to $4.60.

Subsidiary LightSolver signed a multi-year agreement with the Israeli Ministry of Defense to develop and deliver laser processing units. The deal includes an initial order covering the first 12 months of a photonic computing project, following the completion of proof-of-concept work with the ministry's Research and Development Directorate.

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