Ann: Operations Update, page-34

When you were a toddler learning to walk, krusty, did you run a sub-10 second 100 meters sprint or start with a crawl?

Olesia Kochergina winning the Emerging Talent Award at the 2023 Australian Subsea Business Awards is a case in point. Securing their first order from Fugro Middle East (Fugro ME) for its hybrid Nodestream™ and RiS™ solution is another. No other company in the world is working with Fugro in this capacity. Why is that? Could it be something to do with Best in Class?

“Harvest has a long-standing relationship of supplying advanced remote inspection and control technology to Fugro Australia in support of our shared vision,” said Jimmy Dean, Harvest’s Head of Solution Architecture. “Fugro ME’s investment in our video streaming technology for their USV operations echoes this confidence in our capability to provide the best remote operations technology on the market. We look forward to growing our footprint within Fugro globally, and together pioneering the future of maritime innovation.”

Compared to what's coming, Harvest are still at the nascent stages of development. It's green shoots like these that grow into bigger opportunities. Fugro will continue to scale and grow its world-wide remote uncrewed surface vessel operations. All things being equal, Harvest will grow with it. NS2 will mark a step-change in the company's fortunes, and hopefully ours.

All we have to do is exercise a bit more patience and go along for the ride.

Not as easy at sounds. The only other choice is to stay the course or go find other emerging opportunities somewhere else. In all likelihood you'll encounter the same commercial realities and frustrations as you are experiencing here. Nature of the game in the microcap space.