HTG (ASX) Ann: Half Year Financial Report &amp; Appendix 4D

Originally posted by seaforth1: ↑

I have just had a sticky at the half yearly - fully acknowledging we need a massive turnaround in HTG I feel the language and update provided in same is the clearest and most transparent communication from the executive I have read for the last 2-3 years

Clear language - clear statements of where things are

We need a lot more from new management - but this sort of clear language and reporting is an immediate and massive improvement on the prior waffle and to be blunt - rubbish reporting - we have seen recurring over recent years

Highlights

Notable developments during the period include:
• Nodestream™ Enterprise (NSE™) software has been fully implemented across Fugro Middle East’s remote
operations enabling on-premise administration of groups, users and assets, and management of
connections.
• Fugro Australia are in the process of converting their existing RiS™ devices to the newly developed hybrid
Nodestream™/RiS™ technology as well as implementing NSE™ to facilitate an on-premise closed network
of operations.
• Harvest is now hosting a third NSE™ platform for its US defence and government contractor customer to
support US government research activities with additional Nodestream™ edge devices secured onto a new
Uncrewed Surface Vessel (USV) operating along the US coast.
• Delivery of the first order to a significant Five-Eyes defence customer in September 2023, with a further two
orders received in January 2024. We expect further orders will be placed throughout the first half of 2024 as
the customer rolls out the technology for intelligence, surveillance and reconnaissance applications across
its wider operations.
• Successful completion of Phase 2 telemedicine operational trials for our European Union Defence Force
(EUDF) customer in November 2023. The order for remote kits for its fleet of naval vessels was received in
January 2024 and will be delivered in the first quarter of 2024. Once deployed, Harvest will continue working
with our partner on the Phase 3 implementation scope which will involve the phased rollout of Nodestream™
technology on up to 300 land, sea and air assets commencing in early 2024 and expected to take 24 months.
• Harvest successfully performed a remote class survey with a leading global services provider in dredging,
maritime and infrastructure activities where the Class Surveyors for the vessel were not physically present
and instead crew used Nodestream™ technology to perform the survey remotely at the Surveyor’s
instructions. Discussions are underway with the customer for the next phase roll-out of the technology. The
customer has a fleet of over 600 vessels and floating equipment.
• Nodestream™ Integrated devices (NSI™) were shipped to a Japan drone manufacturer for embedment into
drones being trialled by the Japanese Self-Defense Force (JSDF) with a view to retrospectively fitting out the
JSDF’s current drone fleet and forming part of any future procurements.
• Our R&D activities during the period were integral to the design and deployment of several new and exciting
product releases which directly led to new sales opportunities and is helping to expand our pipeline of sales
opportunities across new use cases and new industry sectors. Further details on key technology
developments are presented below (“Maintaining our Competitive Edge”).
• Harvest was accepted into the Nvidia® Inception Program, an elite group of start-ups that drive change
across industry and around the world. The program is designed to help companies like Harvest evolve faster
through complimentary cutting-edge technology and connect with the Nvidia® venture capitalist alliance.
Nvidia® components form part of Harvest’s edge computing devices (hardware) that is designed, assembled,
and tested at Harvest’s innovation hub in Perth.

Expand

Share your sentiment, Seaforth.

Reads well. Clear and concise with an obvious sense of renewed energy and focus. Seems to me the technology might be better than the market gives credit for. Conversion to sales seems to be gaining traction with more to come.

With only a $17M MC, there's plenty of room for upside.

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(20min delay)
Last 1.5¢		Change -0.001(6.25%)		Mkt cap ! $13.43M

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1.6¢	1.6¢	1.5¢	$11.81K	751.7K

Ann: Half Year Financial Report & Appendix 4D, page-3

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