It's not to everyone's taste, but I like the way management are going about their business without feeling the need to drip-feed updates saying we're going about our business.
Shareholders will be beyond thrilled when HTG hits the turbocharger.
We are beyond thrilled to work with Inmarsat and AST to further strengthen the global reach of ultra-low bandwidth remote communications.
The framework for our Strategy is robust, simple and agile. That is, by the end of 2022, to transform from a company supporting the Australian resources sector, into an internationally recognised Satellite Services provider of excellence, servicing the global marketplace including expansion into the US, Europe and Asia.
We have put enormous effort into market analysis with expert consultation to ensure this plan is both credible and achievable. We now have a specific roadmap to position Harvest Technology Group as a leading provider of software, products and services to enable secure, trusted communication and control over the most unreliable networks using any device.
Our Infinity proprietary technology is able to boost the capacity of those existing satellites in the same way turbocharging can boost the power of a car engine.
We are very excited to roll-out our Strategy and realise our vision to become a leading international provider of software, products and services that enable secure, trusted communication and control for the delivery of high quality, real-time interaction over unreliable networksvia any device.
Snapshot: Work in Progress/News to Come:
1.The September quarter also saw further discussions around extension of the terms of agreement with AST.
2. Nodestream Mini compliance and safety testing is in the final stages of pre-testing. Compliance acceptance testing is being undertaken to meet the Regulatory Compliance Mark (RCM) standard in Australia, CE Marking for Europe (CE), and the Federal Communications Commission (FCC) ruling in the US.
3. At the end of the quarter, the process for identifying and reviewing potential manufacturing relationships for scalable hardware delivery commenced.
4. In August 2020, Lloyd’s Register (LR) accepted the remote survey experiment that was carried out in April using the Wearwolf™ during the annual survey of the VOS Shine in Adelaide, South Australia. The successful experiment means that the Wearwolf™ is endorsed to proceed through Lloyd's Register Remote Inspection Technique Systems approval process which will demonstrate independent scrutiny and in Classification terms, the system will be regarded as satisfactory for remote surveys of vessels globally. 5. Commercialisation of RemTeq™ is underway and will be available to new and existing customers on request in early 2021.
HTG Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
