Australia's Harvest Technology Group jumps on global reseller agreement

Harvest Technology

14/06/2023 05:40

** Shares of Harvest Technology Group Ltd  HTG.AX  jump as
much as 8.7% to A$0.050, their highest level since June 5
    ** Remote operations provider says it has signed a global
reseller agreement with Applied Satellite Technology Group Ltd
(AST)
    ** Says agreement is binding and non-exclusive for an
initial term of 12 months and renewable annually
    ** Adds agreement focuses on developing sales opportunities
for co's technology solutions as complements to AST's offerings,
among others 
    ** Shares up for a second consecutive session 
    ** HTG stock down 35.2% YTD, as of last close

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))