Mr. Brenton Scott reports
CRITICAL INFRASTRUCTURE TECHNOLOGIES TO ENTER A JV TO DEVELOP AND DEPLOY AN ARCTIC-FOCUSED AUTONOMOUS NEXUS PLATFORM
Critical Infrastructure Technologies Ltd. will co-develop and commercialize an Arctic-ready version of the company's Nexus platform under a joint venture arrangement.
The joint venture will be owned equally by Critical Infrastructure and its joint venture partner, and will focus on advancing the Arctic Nexus system for testing and deployment in Arctic and extreme environment conditions. The JV will also seek to identify customers and partners for the Arctic Nexus across North America within defence and commercial industries.
As part of the proposed agreement, Critical Infrastructure will contribute a Nexus platform unit and provide engineering support to adapt the system for Arctic conditions. The JV partners will work collaboratively to develop new intellectual property within the JV, including surrounding Arctic readiness, sensor integration and scaled deployment.
The Arctic Nexus platform is designed to support communications, monitoring and operations in remote environments, including northern defence and industrial applications. The joint venture will target the growing market for Arctic defence, surveillance and communications infrastructure, driven by increasing strategic activity across Northern regions.
Brenton Scott, chief executive officer of Critical Infrastructure Technologies, commented,
"This partnership will establish an important step in expanding the Nexus platform into Arctic and remote operating environments."
About Critical Infrastructure Technologies Ltd.
Listed on the Canadian Securities Exchange with operations in Perth, Western Australia, Critical Infrastructure is creating autonomous, high-capacity, rapidly deployable technology that delivers essential services to where they are needed most. Critical Infrastructure is targeting the mining, defence, border security/surveillance and emergency services sectors in relation to its first product release, the Nexus 16, which aims to provide critical mobile telecommunications for such sectors. Using patented technologies, Critical Infrastructure's self-deploying platform provides a solution for two of the greatest limitations of current rapidly deployable communication solutions, strength of the tower and ability to rapidly self-deploy and operate, in numerous situations. The SDP is designed to support radio equipment including LTE (long-term evolution) and several other technological payloads, such as surveillance and anti-drone systems. Critical Infrastructure has completed the research and development phase, and is currently commercializing the first of many products that will be released.
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