Australia's Harvest Technology climbs on deal to join Inmarsat's marine network

Harvest Technology

24/01/2022 04:34

** Harvest Technology Group  HTG.AX  rises as much as 7.9%
to A$0.205, marking its best day since Jan. 7
    ** The electronic parts maker says it has signed a deal with
mobile satellite and technology services provider Inmarsat
Global to become a member of its maritime Certified Application
Provider (CAP) network  urn:newsml:reuters.com:*:nFWN2U208J
    ** CAP network was created by Inmarsat to bring together
providers of applications for use with its dedicated bandwidth
service that provides global connectivity to the maritime sector
    ** Co says through deal, it will join the CAP network &
offer its livestreaming Infinity technology, as a one-stop-shop
packaged service direct to Inmarsat's customers
    ** Says deal has an initial term of 12-months and is
automatically renewable
    ** Stock down 9.5% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))