HARVEST DEPLOYS NODESTREAM™ VIDEO STREAMING TECHNOLOGY ONBOARD NEW VALLIANZ VESSEL

Harvest Technology Group has announced that their ultra-low bandwidth, high-quality and secure Nodestream technology will be deployed on a newly built vessel owned by Vallianz. Vallianz is a Singapore based company with global operations providing specialised offshore support with a fleet of 70+ vessels.

Although the amount of the contract was not material to Harvest, there is potential for sales to become material. This is due to the ability in the future to generate additional sales to this important new customer. The sale was secured through the relationship with Inmarsat, a global satellite communications provider. Canary Capital believes that this contract is a further sign of industry’s acceptance of the Nodestream technology and builds on the credibility gained from the recent announcement about the deployment of Nodestream Rugged with a mid-tier EU defence force.

Highlights:
• Harvest secures first long-term contract with Vallianz Holdings for installation of
Nodestream™ technology on their new-build DP2 vessel, “Vallianz Prestige”
• Contract value over 24-month term is approximately USD$30k
• Vallianz is a leading provider of vessels supporting the global energy industry in all
significant offshore regions across the world
• Vallianz has a total fleet of over 70 purpose-built offshore support and heavy lift vessels