IQSTEL and Cycurion Forge New Cybersecurity Alliance with Dividend

IQSTEL Ventures into Cybersecurity

IQSTEL (NASDAQ: IQST) has boldly announced its foray into the world of cybersecurity through a strategic partnership with Cycurion (NASDAQ: CYCU). This collaboration is set to deliver next-generation cybersecurity services, leveraging advanced artificial intelligence technologies.

Stock-Swap Partnership Details

In this exciting partnership, IQSTEL will issue 150,000 shares of its common stock to Cycurion, while Cycurion will reciprocate by issuing 3.87 million shares to IQSTEL. This stock exchange signifies an equal value of $1 million per share based on the agreement.

Expanding Service Offerings

The agreement enhances IQSTEL's diverse portfolio by incorporating cybersecurity into its existing array of telecommunications, fintech, and AI-driven services. This strategic move aligns with the company’s vision to provide comprehensive solutions across different sectors, ensuring clients are protected against digital threats.

Future Dividend Plans

Moreover, both companies have committed to delivering a $0.5 million dividend to their respective shareholders by a specified date in the future. The dividend can be distributed either in their own shares or through shares received from this stock exchange, highlighting a novel approach to shareholder value creation.

CEO Insights on Future Vision

Leandro Iglesias, the CEO of IQSTEL, expressed enthusiasm about launching cybersecurity solutions at a major global telecom event scheduled for 2026. This aligns with the company's long-term strategy of integrating world-class AI technologies with cybersecurity provisions.

Innovation through Collaboration

The combined efforts of IQSTEL and Cycurion will focus on creating innovative AI-driven cybersecurity solutions. By fusing IQSTEL's proprietary AI prowess with Cycurion's cybersecurity expertise, the companies plan to accelerate product development, making cutting-edge solutions available more quickly to the market.

Cross-Promotion of Services

As part of the partnership, both companies will cross-sell their services. This means IQSTEL will offer Cycurion’s cybersecurity innovations to its telecommunications clients worldwide, while Cycurion will have access to IQSTEL’s fintech and AI-driven technologies, allowing them to enhance their service delivery dramatically.

Revenue Achievements and Growth Strategy

In July of the reported year, IQSTEL achieved impressive revenue of $35 million, reaching an annual run rate of over $400 million. Looking ahead, the company's growth strategy aims for an EBITDA run rate of $15 million by 2026 and targets a substantial revenue run rate of $1 billion by 2027.

Establishing a Collaborative Relationship

This partnership establishes a close collaborative relationship between Cycurion and IQSTEL, suggesting a shared vision for the future of cybersecurity and technology integration.

Signing the Memorandum of Understanding

Earlier, both companies signed a Memorandum of Understanding (MOU) to exchange stocks worth $1 million each, reinforcing their commitment to becoming mutual equity partners. This step is designed to enhance shareholder value through shared dividends.

Recent Market Performance

In recent trading, IQST's stock witnessed an uptick of 2.93%, closing at $6.50. This increase reflects positive market sentiment towards the company's recent activities and future prospects.

Frequently Asked Questions

What is the significance of the IQSTEL and Cycurion partnership?

The partnership marks IQSTEL's entry into the cybersecurity sector, enhancing its service offerings and enabling mutual growth through shared technologies.

What financial benefits will shareholders receive?

Both companies will provide a $0.5 million dividend to their shareholders, which can be distributed as either their own stock or through exchanged shares.

When is IQSTEL planning to launch its cybersecurity solutions?

The launch is scheduled to take place at a major global telecom event in 2026, showcasing their new offerings.

How will the partnership improve the technology offerings?

The collaboration aims to integrate AI technologies with cybersecurity measures, leading to the development of innovative and effective solutions in the market.

What are IQSTEL's growth targets for the coming years?

IQSTEL aims for a $15 million EBITDA run rate by 2026 and a revenue run rate target of $1 billion by 2027.

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