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Citrine Global Corp. (DBA SkyTech Orion Global Corp.) (OTCQB: CTGL) today issued a shareholder update letter from the Company's Chairwoman and Chief Executive Officer, Ora Elharar-Soffer
Globenewswire· 2025-10-24 13:05
Core Insights - SkyTech Orion Global Corp. is entering a new era focused on innovation and growth in unmanned systems and advanced drone solutions for defense and civilian applications globally [1] - The company has undergone a strategic transformation from health and wellness to the unmanned systems market, which is valued at approximately $42 billion in 2025 and expected to exceed $186 billion by 2034 [3] Strategic Transformation - The company conducted a comprehensive strategic review during 2024-2025 to adapt to changes in the global defense and drone market [2] - A bold decision was made to transform the company's vision and structure to align with the evolving international economy [2] Technological Advancements - The SkyTech Replicator™ drone platform features a modular architecture allowing rapid mission reconfiguration through the proprietary "Click & Fly™" mechanism [4] - The system is designed for flexibility and reliability, with all components compliant with NDAA and Western defense standards [5] Manufacturing Innovations - The Replication Manufacturing Method enables rapid replication of production lines globally while maintaining quality and control [6] - Collaboration with Stratasys allows for scalable manufacturing infrastructure using advanced technologies and 3D printing [6] National and Industrial Initiatives - The establishment of the SkyTech Center Israel, recognized by the Israeli government, aims to strengthen local manufacturing capacity in defense drones [7] - The center will cover approximately 11,687 square meters and is part of a broader effort to meet the growing global demand for drones [8] Competitive Advantage - SkyTech Orion operates through a dual-nation structure, integrating U.S. innovation with Israeli technological excellence [9][10] - This framework provides access to U.S. defense procurement channels and eligibility for government funding programs in both countries [16] Future Growth and Leadership - The company is focused on accelerating international expansion and realizing revenue potential through modular production and assembly lines [15] - A new strategic investor, Mr. Lior Asher, has joined the board, bringing extensive experience in technology and investments [14] Vision for the Future - The company aims to uplist to the NASDAQ stock exchange, enhancing its position as a public, innovative, and global entity [17]
Citrine Global Corp. (DBA SkyTech Orion Global Corp.) (OTCQB: CTGL) today issued a shareholder update letter from the Company’s Chairwoman and Chief Executive Officer, Ora Elharar-Soffer
Globenewswire· 2025-10-24 13:05
Core Insights - SkyTech Orion Global Corp. is entering a new era focused on innovation and growth in unmanned systems and advanced drone solutions for defense and civilian applications [1][2] - The company has undergone a strategic transformation from health and wellness to the unmanned systems market, which is valued at approximately $42 billion in 2025 and expected to exceed $186 billion by 2034 [3] Strategic Transformation - The company conducted a comprehensive strategic review during 2024-2025, adapting its vision and structure to align with changes in the global defense and drone market [2] - A bold decision was made to transform operations rather than halt them, focusing on the evolving needs of the international economy [2] Technological Advancements - The SkyTech Replicator™ Drone Platform has been developed, featuring a modular architecture that allows for rapid mission reconfiguration [4] - The Replicator system is designed for flexibility and reliability, with all components compliant with NDAA and Western defense standards [5] Manufacturing Innovations - The company introduced the Replication Manufacturing Method, enabling rapid production line replication while maintaining quality and control [6] - Collaboration with Stratasys allows for scalable manufacturing infrastructure using advanced technologies and 3D printing [6] National and Industrial Initiatives - The establishment of the SkyTech Center Israel, recognized by the Israeli government, aims to enhance local manufacturing capacity and technological independence in defense drones [7][8] - The center will support the production of thousands of units, with assembly centers planned in both Israel and the United States [11] Competitive Advantage - SkyTech Orion operates through a dual-nation structure, integrating U.S. innovation with Israeli technological excellence [9][10] - This framework provides access to defense procurement channels and government funding programs in both countries [16] Leadership and Growth - The company has strengthened its management and development capabilities, laying a foundation for sustained growth and global expansion [15] - A strategic capital raise is planned to accelerate international expansion and enhance production capabilities [17]