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Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ) has provided an update.
CiTech has received an official request from Ukraine’s Ministry of Defence for 50 Nexus 16 communication units, valued at approximately USD $45 million, to support defense telecommunications needs. This request underscores the critical need for deployable communication infrastructure in conflict zones for both military and humanitarian purposes. The company is actively working with international partners, including Babcock International, to secure funding and logistical support to expedite the deployment of these units, which are crucial for restoring communications in war-torn areas.
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 creating autonomous, high-capacity, rapidly deployable technology aimed at delivering essential services to sectors such as mining, emergency services, and defense. Their flagship product, the Nexus 16, is a self-deploying mobile communications tower designed to establish reliable voice and data networks in challenging environments.
Average Trading Volume: 39,758
Technical Sentiment Signal: Sell
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