CSL's (ASX:CSL) CSL Behring subsidiary signed a five-year contract with Clever Culture Systems (ASX:CC5) for the lease of an APAS Independence instrument and environmental monitoring analysis modules, according to a Tuesday filing with the Australian bourse.
APAS Independence is an instrument that automates the imaging, interpretation, and reporting of microbial growth on culture plate media for labs.
The contract will be paid in monthly installments, with an initial minimum non-cancellable period of six months following the start of the company's formal validation, which must occur on or before Dec. 31, the filing said.
CSL shares rose 1% in morning trade on Tuesday, while Clever Culture Systems shares were up 5%.