- Harvest Technology (ASX:HTG) secures two additional orders for its Nodestream technology from its existing Five-Eyes defence customer
- The order is costing $380,000, with payment received upfront
- In addition to the Five-Eyes customer’s orders, the revenue made from other sales throughout the month equates to $300,000
- HTG shares are up 23.1 per cent, trading at 1.6 cents at 12:43 pm AEDT
Harvest Technology (ASX:HTG) has secured two additional orders for its Nodestream technology from its existing Five-Eyes defence customer.
The order is costing $380,000, with payment received upfront.
Harvest’s Nodestream technology stands out with its ability to deliver high-quality, secure communication in challenging environments with limited bandwidth. This makes it particularly attractive for defence applications and semi-autonomous field assets operating in remote and sensitive locations.
Harvest COO Linda Shields said the opportunity to work globally within the Five-Eyes defence network is very exciting and that it demonstrated a demand for the company’s capabilities.
“We look forward to growing our relationships in the defence sector through 2024 and beyond,” she said.
“Acceptance at this level validates our technology, products, and solutions, it gives credence to our vision of realising remote, robotics and autonomy,” HTG Chief Product Officer Damiain Brown added.
In addition to the Five-Eyes customer’s orders, Harvest reported generating $300,000 in revenue from other sales throughout the month.
HTG shares were up 23.1 per cent, trading at 1.6 cents at 12:43 pm AEDT.