Ann: December 2020 Quarterly Activities and Cash Flow Report, page-2

HIGHLIGHTS:

• Successful trial of Unmanned Aerial Vehicle (UAV) high-voltage power line survey for utilising Infinity
RemTeq™ and Nodestream technology.
• 8-Channel Remote Inspection System (RIS) Encoder developed for Fugro Australia Marine Pty Ltd
(Fugro).
• Group entered into an initial agreement with Iristick N.V. (Iristick) to commence proof of concept trials
for integration of Infinity Nodestream and Wearwolf™ technology into Iristick’s industrial smart glasses.
• Infinity AVR2 successfully completed compliance and safety testing.
• End of quarter cash balances of $6.745M.

January 29, 2021: Harvest Technology Group Limited (ASX:HTG) (Group) reports closing cash balances for
the quarter of $6.745M inclusive of a record spend within the quarter on Research and Development and the
payment of $750,000 being the second cash tranche due on the initial acquisition of Harvest Infinity Pty Ltd
(formerly Advanced Offshore Streaming Pty Ltd).