Critical Infrastructure Technologies Ltd. Receives a Dual-Use Innovation Certificate from the Latvian Ministry of Defence

Core Viewpoint - Critical Infrastructure Technologies Ltd. has obtained an Innovation Certificate for dual-use technology from the Latvian Ministry of Defence, enabling the company to apply for funding to establish manufacturing operations in Latvia [1][2]. Funding and Project Scope - The company plans to apply for up to €3.0 million in project financing under the ALTUM innovation support framework, with a potential capital discount of up to 30% upon successful project completion [3]. - The total estimated project cost is approximately €4.0 million, with the company contributing around €1.0 million (25%) and the remainder funded through the proposed ALTUM facility [4]. Strategic Expansion - The Innovation Certificate enhances the company's integration within the European defence and security ecosystem and supports its growing presence in Europe, particularly in NATO's Eastern Flank [5]. - The establishment of manufacturing capacity in Latvia is part of the company's strategy to position Latvia as its European Headquarters [5]. Operational Plans - The funding will support the commencement of operations in Liepāja, including leasing a facility in the Liepaja Special Economic Zone (SEZ) with a corporate tax rate of 4% [4]. - The company aims to employ up to six staff, engage suppliers throughout Latvia and the EU, and build five Nexus 20 units for marketing and sales within Latvia and/or the EU [8]. Company Overview - Critical Infrastructure Technologies Ltd. specializes in autonomous, high-capacity mobile communications platforms targeting sectors such as mining, defence, border security, and emergency services [10]. - The company's first product, the Nexus 16, aims to provide critical mobile telecommunications using patented self-deploying platform technology [10].