Norwood Systems (ASX:NOR) shares surged to A$0.040, representing an 11.1% increase, marking their highest value since February 23.

The communication specialist revealed that it has initialized a group master supply agreement with Singapore Telecommunications.

Norwood Systems aims to finish a proof of concept that uses its CogVoice platform to showcase voicemail capabilities.

This considerable intraday gain is the largest for the company since July 7.

Notably, as of the last close, Norwood’s stock has seen a 50.5% rise year-to-date.

Norwood Systems is a leading telecom firm that creates and sells unique smartphone applications for telecommunications and social sharing.