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TOBII Tobii AB News Story

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Tobii tracks best day in a year after DMS licensing deal

** Shares of Tobii  TOBII.ST surge 28% after the Swedish technology company signed a Driver Monitoring System licensing deal with a major automotive supplier

** The group, which specializes in eye tracking and attention-computing solutions, did not specify the value of the agreement but said it was "significant"

** Revenue from the deal, which will come in Q4 2025 and H1 2026, will enable the company to meet its near-term financial obligations, it said in a statement

** The stock is on track for its best day since December 2024, but far from erasing its year-to-date losses

** Tobii 's shares plummeted 46% on October 24 after weak Q3 results, with net sales down by 25% y/y and no organic growth

** Tobii, which continues a strategic review of divesting selected assets, appointed a new CEO last week

(Reporting by Izabela Niemiec)

((izabela.niemiec@thomsonreuters.com))

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