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Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ) just unveiled an announcement.
Critical Infrastructure Technologies Ltd. has announced the establishment of a wholly-owned subsidiary, SIA CiTech Europe, in Latvia, as part of its global expansion strategy. This move will position Latvia as the company’s European headquarters by 2026, with plans to build a manufacturing facility and sales force to serve European markets. The strategic location in the Liepaja Special Economic Zone offers logistical advantages and a favorable corporate tax rate, enhancing CiTech’s international presence and commitment to the European market.
More about Critical Infrastructure Technologies Ltd.
Critical Infrastructure Technologies Ltd. (CiTech) is a company listed on the CSE, operating out of Perth, Western Australia. It specializes in developing autonomous, high-capacity mobile communications platforms, targeting sectors such as mining, defense, border security/surveillance, and emergency services. Their flagship product, Nexus 16, is designed to provide critical mobile telecommunications, utilizing patented self-deploying platform technology to overcome limitations in current communication solutions.
Average Trading Volume: 372,579
Technical Sentiment Signal: Buy
Current Market Cap: C$12.88M
Learn more about CTTT stock on TipRanks’ Stock Analysis page.