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Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ) has provided an announcement.
Critical Infrastructure Technologies Ltd. has signed a Mutual Non-Disclosure Agreement with Danish company Terma A/S to collaborate on addressing the rising issue of unauthorized drones in EU airspace. This partnership will leverage CiTech’s autonomous Nexus tower and Terma’s advanced surveillance technologies to create a rapidly deployable solution for aerial threats. The agreement signifies CiTech’s expansion of international partnerships and enhances its position in the defense and security sectors, aiming to develop joint solutions for emerging global challenges.
More about Critical Infrastructure Technologies Ltd.
Critical Infrastructure Technologies Ltd. (CiTech) is a company based in Perth, Western Australia, focusing on developing autonomous, high-capacity, rapidly deployable technology. Their primary product, the Nexus 16, targets sectors such as mining, defense, border security/surveillance, and emergency services by providing critical mobile telecommunications solutions. CiTech’s self-deploying platform (SDP) is designed to overcome limitations in current communication solutions, supporting technologies like LTE and anti-drone systems.
Average Trading Volume: 469,819
Technical Sentiment Signal: Buy
Current Market Cap: C$42.76M
Find detailed analytics on CTTT stock on TipRanks’ Stock Analysis page.