Shares of Mach7 Technologies (ASX:M7T) are up by 8.5% at A$0.77, poised for their best day since July 13 if the gains continue.

The medical equipment company has signed a five-year contract extension with the Hospital Authority of Hong Kong for support and maintenance.

Mach7 announces that the value of the contract extension is A$15.26 million, with a recurring revenue value of A$12.36 million.

Mach7’s stock is now at its highest level since Sept.

The stock has risen 24.5% YTD, as of last close.

Mach7 Technologies (ASX:M7T) is a medical equipment company that specializes in support and maintenance services.