- Harvest Technology Group (HTG) wins a two-year contract to supply its Nodestream technology to a European Union (EU) defence force
- The company says this represents its first order from a potentially significant EU defence customer
- The contract is valued at US$60,000 (A$89,325), with the funds expected to be received in October this year
- Nodestream delivers secure closed network high-definition video, synchronised data and high-quality audio transmission from one site to another
- Shares in Harvest Technology are up 3.09 per cent on the market and are trading at 10 cents at 3:59 pm AEST
Harvest Technology Group (HTG) has won a two-year contract to supply its Nodestream technology to a European Union (EU) defence force.
This is a significant milestone for Harvest Technology as it represents the first order from a potentially significant EU defence customer.
The contract is valued at US$60,000 (A$89,325), with the funds expected to be received in October this year.
There are no conditions that need to be met before the contract becomes legally binding.
While this is an initial contract, the opportunity exists to expand on it in the future.
Despite the exact client not being disclosed, it has been described as a “modern middle power sovereign government defence force located in the EU”.
Harvest Technology’s Nodestream delivers secure closed network high-definition video, synchronised data and high-quality audio transmission from one site to another.
It maximises bandwidth utilisation while enabling ultra-low bandwidth consumption.
Further, it offers a reduced carbon footprint and reduces resources and operational costs.
Shares in Harvest Technology were up 3.09 per cent on the market and were trading at 10 cents at 3:59 pm AEST.