Shares in ASX-listed customer tracking and analysis firm Skyfii soared on Tuesday, after it announced it has signed a three-year deal with fast-food giant McDonald’s, which will test whether it can use its light detection technology to speed up deliveries and save a fortune in wasted burgers.
The small-cap stock surged 63 per cent to 5.7¢ by the close, a welcome boost after it has been sold off – along with much of the tech sector – in the last year.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
