January 6, 2021 - Harvest Technology Group Limited (ASX:HTG) is excited to announce that it has entered into an agreement with Iristick NV (Iristick) to commence proof of concept trials for integration of the Infinity Nodestream and Wearwolf™ technology into Iristick’s industrial smart glasses.

Harvest Technology Group Limited (ASX:HTG) is an Australian operated group of companies whose portfolio includes Harvest Technology Pty Ltd and Harvest Infinity Pty Ltd. Harvest Technology is a bespoke subsea technology solutions provider for the energy, resources, and renewables sectors. Harvest Infinity is an innovation company developing remote control, communication, automation and monitoring solutions.

Video encryption and streaming protocol integration

This initial agreement will continue development of the integration of the Company’s Infinity Wearwolf™ (Wearwolf™) application into Iristick smart glasses, embedding them with the Infinity Nodestream (Nodestream) video encryption and streaming protocols.

Wearwolf™ is a software application version of the Infinity Nodestream encoding platform designed to run on wearable and smartphone mobile devices. Wearwolf™ enables live secure point-to-point video and communications at ultra-low bandwidths and over poor quality or congested networks. Video and audio can be transferred as low as 32 kbps.

By integrating Wearwolf™ with the Iristick smart glasses, users can communicate directly to a Nodestream decoding device which utilises the next generation encryption Gimli block cypher with a 384-bit permutation - achieving unmatched levels of high security and high performance.

Successful prototype testing

Prototype testing was completed during December 2020 where the Wearwolf™ application was successfully combined with the Iristick software development kit (SDK) on a smartphone and proved to work with the cameras, microphone and screen on the Iristick smart glasses. Trial communications were successfully made and maintained between Perth, Australia and Brussels, Belgium at 128kbps.

Expected product launch

Planned to launch during the first quarter of 2021, the final commercial product will communicate point-to-point with Nodestream mini decoding devices and the soon-to-be released Nodestream downloadable decoder software application, which will run on laptops and desktop computers.

“We are very excited to be involved in a relationship with Iristick and look forward to our joint opportunities in the future. The synergies between our two companies are synonymous with a motivation to deliver high-quality remote communications and assistance from anywhere in the world”, said Paul Guilfoyle, Company Group Managing Director. “We have successfully proven our Wearwolf™ application on multiple wearable platforms and we are confident it can be quickly adapted for use across other wearable devices. Given the expected growth in the wearables market, we are forecasting more than a 1000 new Wearwolf™ licenses in 2021.”

The global pandemic kickstarted the use of remote assistance via smart glasses as a solution to keep enterprise operations running under strict travel bans and contact restrictions. As field workers are sometimes confronted with low or no Wi-Fi connection, this collaboration can overcome that issue and make remote assistance available over low bandwidth, at any possible location, ensuring workers stay connected at any time,” said Johan De Geyter, Iristick CEO.

Source: Financial News Network Jan 6 2021

Wearables market[1]

Wearable units are projected to reach 31.1 million units by the year 2027, growing at a CAGR of 104.6% between the period 2020-2027. Simple assisted reality glasses are projected to grow at a 101.9% CAGR to reach 12.3 million units by the end of 2027. After an early analysis of business implications of the Covid-19 pandemic and its induced economic crisis, growth in the MR Holographic displays segment is readjusted to a revised 113.5% CAGR for the next 7-year period. This segment currently accounts for a 32.9% share of the global Smart Augmented Reality (AR) Glasses market.

[1] Source: Global Smart Augmented Reality (AR) Glasses Industry - Global Industry Analysts July 2020

To learn more please visit: www.harvest.technology

Published on Jan 6, 2021