HIGHLIGHTS:• Harvest Technology Group achieved more than $11.7...

HIGHLIGHTS:
• Harvest Technology Group achieved more than $11.7 million in annual revenue (unaudited) by end of
June 2020, a historical record for the Group
• Successful raise of $10 million (before costs) via a private placement ensuring the Group is well
capitalised to continue execution of its growth strategy
• Appointment of retired Major General Jeffrey Sengelman as Chairman of the Group
• Quarterly cash receipts of $4.4m and positive operating cashflow of $0.1m with cash balance of
$11.3m at end of quarter
• Harvest Infinity entered into an agreement with Applied Satellite Technology Australia (AST) to jointly
market and distribute its proprietary remote communication technology
July 31, 2020: Harvest Technology Group Limited (ASX:HTG) (Group) is pleased to announce a successful
close to the financial year 2019-2020 with $11.7m in revenue (yet to be audited) and cash balance of $11.3m.
This result reflected a solid project performance with the VOS Shine and increased take-up of Infinity products.