ReutersReuters

Australia's Elsight soars after receiving US certification for drone system

** Shares of Elsight Ltd EELS rise as much as 25.8% to A$0.390, posting their biggest intraday pct jump since Feb 17, 2021

** Co says the U.S. Federal Aviation Administration (FAA) granted its Airobotics Optimus-1EX drone system a Type Certificate

** Says certification will allow flight operations over people and infrastructure without the need for case-by-case waivers

** Says OPTIMUS 1-EX drone met all specific airworthiness and noise standards set by the FAA

** Co's shares hit highest level since Sept 29, 2022

** ELS down 8.8% YTD, as of last close

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