- Harvest Technology Group (HTG) secures its first long-term contract with Vallianz Holdings for its Nodestream live streaming technology
- The deal will see Vallianz install Harvest’s Nodestream tech on its newly-built DP2 sea vessel, “Vallianz Prestige”
- The technology will play a key role in Vallianz’s vessel situational awareness, streaming live video from onboard CCTV cameras to a shore-based operations centre at a fraction of the cost and bandwidth usually required
- The agreement has a contract value of US$30,000 (around A$44,300) for an initial fixed term of 24 months
- Harvest Technology Group last traded 5.88 per cent higher at 9 cents at 1:38 pm AEST
Harvest Technology Group (HTG) has secured its first long-term contract with Vallianz Holdings for its Nodestream live streaming technology.
The deal will see Vallianz install Harvest’s Nodestream tech on its newly-built DP2 sea vessel, “Vallianz Prestige.”
The technology will play a key role in Vallianz’s vessel situational awareness, streaming live video from onboard CCTV cameras to a shore-based operations centre at a fraction of the cost and bandwidth usually required.
The agreement has a contract value of US$30,000 (around A$44,300) for an initial fixed term of 24 months.
While the value of this contract is not material on its own, Harvest said the new relationship with Vallianz had the potential to deliver a material increase to the group’s annual revenue over time as more contracts were secured.
“We are excited about developing our relationship with Vallianz in the APAC region and look forward to supporting the expansion of our technology to their other vessels around the globe,” Harvest Head of Sales Richard Coston said.
Vallianz provides specialised vessels to tier one clients in the offshore energy sectors. The company operates a fleet of over 70 vessels around the globe, presenting Harvest with the opportunity to expand on this initial contract in the future.
Harvest Technology Group last traded 5.88 per cent higher at 9 cents at 1:38 pm AEST.