HTG harvest technology group ltd

Suspect we're not alone in looking forward to this:"Proceeds...

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    Suspect we're not alone in looking forward to this:

    "Proceeds from the placement are being used to support and accelerate planned product and software
    development initiatives, and to progress new strategic partner alliances to increase market penetration.


    PARTNER RELATIONSHIPS

    Harvest Infinity Pty Ltd (Harvest Infinity) signed an initial Agreement with
    Applied Satellite Technology Australia
    Pty Ltd (AST) on April 20, 2020, to jointly develop, market and distribute the Harvest Infinity proprietary remote
    communication technology through AST’s global satellite connectivity network.

    Underway is the development of a further contractual arrangement with the expectation that this will be finalised by end Q1 of FY2021.

    The June quarter also saw further inroads being made into the development of a global partner relationship
    with RealWear Inc. in the USA.


    GROUP STRATEGY

    Following the completion of the capital raise, the group has initiated the development strategies around its
    product roadmap, including future resource planning. The roadmap and supporting strategy documents are
    expected to be finalised within the coming weeks.

    The Group are also working on a strategy for expansion into the USA and UK markets, with a view to engaging
    key business development operatives in both regions in Q3 2020.

    Last edited by writer: 26/08/20
 
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