• 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).
HTG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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