INNOVATE shares surge 19.62% after-hours as Erasmus+ project concludes with innovation management tools for education and training.

INNOVATE surged 19.62% in after-hours trading following the announcement of a breakthrough in lead smelting technology. The company highlighted a new rotary furnace design with a 30% production capacity increase, energy savings exceeding national standards, and automated controls enhancing operational efficiency. This innovation, coupled with environmental compliance features and a 10-year durability guarantee, positions the product as a competitive solution for metal smelting enterprises. The news directly aligns with the stock’s upward movement, signaling strong market confidence in the technology’s potential to reduce costs and improve sustainability in the industry. Other unrelated news about AI regulation and an educational project completion did not drive the price action.