$CYCA CYTTA Corp Announces Sale Of Core Products T
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Posted On: 08/26/2020 11:05:31 AM
$CYCA CYTTA Corp Announces Sale Of Core Products To New Market Vertical - Providing Fortune 50 Utility Companies With Live-Streamed Inspections
- Cytta Corp (OTCPINK:CYCA) Cytta Corp announced the sale of its real time video and audio streaming communications platform, the IGAN Fusion, to a commercial client for energy and powerline inspections with sUAS (small unmanned aircraft systems) and other systems.
This sale opens a substantial new market vertical as Cytta Corp's technology proves valuable for the inspection of all types of critical infrastructure. The energy and power management industry struggles with maintaining their infrastructure and providing adequate, regular inspections. With over 200,000 miles of power lines, and 55,000 miles of pipeline in the United States, companies are struggling with the costs associated with driving to inspection sites and using expensive alternatives.
In some states, Companies have faced enormous liabilities for damage and loss of life caused by failure to properly inspect existing powerlines. In a response to two years of devastating wildfires Pacific Gas & Electric, California's largest utility, filed for bankruptcy protection in January as its estimated liability from recent wildfires exceeds $30 billion.
https://www.barchart.com/story/stocks/quotes/...nspections
- Cytta Corp (OTCPINK:CYCA) Cytta Corp announced the sale of its real time video and audio streaming communications platform, the IGAN Fusion, to a commercial client for energy and powerline inspections with sUAS (small unmanned aircraft systems) and other systems.
This sale opens a substantial new market vertical as Cytta Corp's technology proves valuable for the inspection of all types of critical infrastructure. The energy and power management industry struggles with maintaining their infrastructure and providing adequate, regular inspections. With over 200,000 miles of power lines, and 55,000 miles of pipeline in the United States, companies are struggling with the costs associated with driving to inspection sites and using expensive alternatives.
In some states, Companies have faced enormous liabilities for damage and loss of life caused by failure to properly inspect existing powerlines. In a response to two years of devastating wildfires Pacific Gas & Electric, California's largest utility, filed for bankruptcy protection in January as its estimated liability from recent wildfires exceeds $30 billion.
https://www.barchart.com/story/stocks/quotes/...nspections
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