InvestSMART

Harvest Technology Group Ltd (ASX:HTG)

ALERT: Price-sensitive ASX Announcement for HTG
Current share price for HTG : $0.012 -0.007 (-36.84%)+
Announcement
Release
27 Oct 2025 8:31AM
Price at Release
$0.019
Full Release
download
Summary
Harvest Technology Group Ltd has entered into a MoU with Annex Digital Pty Ltd to strategically collaborate in pursuing government and defense tenders, integrating Harvest's secure streaming technologies into Annex's digital solutions. Annex Digital will lead tenders while Harvest provides technical expertise. The MoU is non-exclusive and lasts two years, with each party retaining their intellectual property and bearing individual tender preparation costs. This partnership aims to enhance competitiveness in Australian government and defense procurement markets, particularly in areas requiring secure and reliable data transmission.
Key Points
  • Harvest Technology Group Ltd signed a Memorandum of Understanding (MoU) with Annex Digital Pty Ltd.
  • The collaboration focuses on secure live data, audio, and video streaming technologies.
  • Annex Digital will lead tenders and act as the primary point of contact with clients.
  • Harvest will provide technical expertise and secure streaming solutions.
  • The MoU is non-exclusive and valid for two years, with the possibility of early termination.
  • Both parties retain ownership of their pre-existing and new intellectual property.
  • Expenses related to tender preparation will be borne individually unless otherwise agreed.
  • The collaboration aims to expand access to government contracts, particularly in defense, infrastructure, and national security sectors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.