BUZZ — Australia's Zimi rises on exclusive distribution agreement

* Shares of Zimi rise as much as 16.7% to A$0.0035, highest level since September 7 * Stock set for its strongest session since September 2, if current trends hold * Technology company inks an exclusive distribution agreement with Directed Electronics Australia for retail, direct-to-consumer, direct to business sales of Zimi's new Matter product ranges across Australia and New Zealand * Agreement grants Zimi access to more than 10,000 retail outlets across Australia and New Zealand * The initial term of the agreement is three years, with options to extend it further by two years - company * About 5.1 million shares change hands, 3x the 30-day average * YTD, stock down 41.7% (Reporting by Tejas Harish in Bengaluru) ((tejas.harish@thomsonreuters.com;)