• Harvest Technology Group (HTG) has been awarded a two-year contract to supply Nordstream technology to the European Union (EU) Defense Forces.
• The company says this is the first order from a potentially important EU defense customer.
• The contract value is US$60,000 (A$89,325) and funding is expected to be received in October of this year.
• Nodestream provides secure, closed-network high-definition video, synchronized data, and high-quality audio transmission from one site to another.
• Harvest Technology shares are up 3.09% in the market, trading at 10 cents at 3:59 pm AEST.

Harvest Technology Group (HTG) has won a two-year contract to supply its Nodestream technology to the European Union (EU) Defense Forces.

This is an important milestone forHarvest Technology represents the first order from a potentially significant EU defense customer.

The contract value is US$60,000 (A$89,325) and funding is expected to be received in October of this year.

There are no conditions that must be met before a contract becomes legally binding.

This is the first deal, but there are opportunities to expand the deal in the future.

The exact client has not been disclosed, but is described as a “modern mid-sized defense force located in the EU”.

Harvest Technology’s Nodestream provides secure, closed-network high-definition video, synchronized data, and high-quality audio transmission from one site to another.

Maximize bandwidth utilization while allowing for ultra-low bandwidth consumption.

In addition, it reduces your carbon footprint and reduces resource and operating costs.

Harvest Technology shares rose 3.09% in the market, trading at 10 cents at 3:59 pm AEST.