Harvest Technology Group (ASX:HTG) - Managing Director, Paul Guilfoyle
Managing Director, Paul Guilfoyle
Source: Harvest Technology Group
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  • Harvest technology Group (HTG) pens a deal with Inmarsat Global to become a member of its maritime Certified Application Provider (CAP) network
  • Through a master services agreement, Harvest will join the CAP network and offer its livestreaming Infinity technology, together with Fleet Connect dedicated bandwidth, as a one-stop-shop packaged service direct to Inmarsat’s customers
  • The agreement has an initial term of 12-months and is automatically renewable
  • A pilot scope is currently underway with one of Inmarsat’s major maritime customers, which is the operator of more than 150 vessels
  • Harvest Technology Group is up 5.26 per cent, trading at 20 cents at 1:20 pm AEDT

Harvest technology Group (HTG) has signed a deal with Inmarsat Global to become a member of its maritime Certified Application Provider (CAP) network.

Created by Inmarsat, the CAP network was created to bring together emerging providers of applications for use with Inmarsat’s Fleet Connect service to make data capture, analysis, and intelligence easier while enhancing efficiency, safety, and sustainability for ship owners and operators.

Fleet Connect is a dedicated bandwidth service that provides global connectivity to the maritime sector and is independent of a vessel’s primary bandwidth.

Through a master services agreement, Harvest will join the CAP network and offer its livestreaming Infinity technology, together with Fleet Connect dedicated bandwidth, as a one-stop-shop packaged service direct to Inmarsat’s customers.

Inmarsat will then market the solution to its maritime customers and channel the leads to Harvest for conversion.

Harvest and Inmarsat completed an extensive certification and validation process prior to signing off on the deal.

The agreement has an initial term of 12-months and is automatically renewable.

“We are incredibly excited to enter this MSA with Inmarsat,” said Paul Guilfoyle, HTG’s Group CEO.

“We will work closely with the Inmarsat team to deliver an industry leading livestreaming solution to the maritime sector.”

“This MSA, coupled with our reseller agreement with Speedcast, will provide Harvest access to over 55,000 maritime vessels. We are working closely with other major groups to further expand our coverage to secure our target of a minimum of 1,000 maritime licenses by the end of 2022,” Mr Guilfoyle said.

A pilot scope is currently underway with one of Inmarsat’s major maritime customers, which is the operator of more than 150 vessels.

Harvest Technology Group was up 5.26 per cent, trading at 20 cents at 1:20 pm AEDT.

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