Critical Infrastructure Technologies Receives Latvian Defense Ministry Innovation Certificate for European Expansion

Critical Infrastructure Technologies Ltd. has successfully obtained an Innovation Certificate for dual-use technology from the Latvian Ministry of Defence, marking a significant step in the company's European expansion strategy. This certification enables the company to formally apply to ALTUM (https://www.altum.lv), Latvia's state development finance institution, for funding support toward establishing manufacturing operations in Liepaja, Latvia. Under the ALTUM innovation support framework, CiTech intends to apply for up to EUR 3.0 million in project financing, with the loan potentially eligible for a capital discount of up to 30% upon successful project completion.

The funding will support the commencement of operations in Liepaja, including securing suitable industrial premises, employing up to six staff, engaging suppliers throughout Latvia and the broader European Union, and building five Nexus 20 units for marketing and sale within Latvia and the EU. CiTech is currently in discussions to lease a facility in the Liepaja Special Economic Zone where the corporate tax rate is 4%. The total project cost is estimated at approximately EUR 4.0 million, with CiTech required to contribute approximately EUR 1.0 million (25%) and the balance funded through the proposed ALTUM facility.

The Innovation Certificate formally recognizes CiTech's dual-use technology and strengthens the company's integration within the European defense and security ecosystem. This development supports CiTech's growing European presence and complements its partnerships across NATO's Eastern Flank, while aligning with previously announced plans to position Latvia as its European headquarters. The establishment of manufacturing capacity in Latvia represents a strategic move to enhance the company's position in European markets while leveraging favorable economic conditions and institutional support.

Brenton Scott, Chief Executive Officer of CiTech, emphasized the strategic importance of this development, noting that the Innovation Certificate recognizes the dual-use capability of the company's technology and provides a clear pathway to accelerate European manufacturing strategy. The company will provide further updates as the ALTUM application progresses, with the project representing a significant investment in European manufacturing capabilities and market expansion. This development comes as CiTech continues to commercialize its autonomous, high-capacity mobile communications platforms designed for mining, defense, border security, surveillance, and emergency services sectors.