Nextil shares rise after it signs partnership deal with US-based Maxum

About this update from Nueva Expresion Textil, S.a.

** Shares in Nextil BME:NXT rise 4.5% after the Spanish textile company signed a binding partnership deal with U.S. textile firm Maxum for joint development of its Nextgreen Programme** Nextil says the deal establishes a minimum of $200 million in cumulative revenue in five years** In a note published ahead of market open, broker Renta 4 predicted a positive share move and said Nextil secured a "top-tier partner" for its international expansion** "This agreement is not just a commercial contract, but a strategic move that transforms Nextil's profile, bringing its patented Greendyes technology to life on a global scale," analyst César Sánchez-Grande adds in the note** The stock is at the top of Madrid's general index (.SMSI) and hits its highest price since end-January 2020** Including the session's rise, the stock has gained around 138% since the start of the year

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