$CYCA The Company has finalized negotiations with
Post# of 103379
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Posted On: 11/11/2020 9:17:17 AM
$CYCA The Company has finalized negotiations with a very well-respected US based manufacturer with the expertise, production capabilities and quality controls to enable Cytta to scale its IGAN Fusion and SUPR Stream production to meet rapidly growing demand.
Propelled by the success and customer satisfaction of our early SUPR and IGAN installations, Cytta is experiencing rapid growth in product demand. Rapid scalability in all aspects of our ongoing operations is mission critical. Achieving scale in manufacturing and maintaining inventory will support this growth and shorten the sales cycle.
Our chosen partner is well-recognized for its historically advanced engineering, design, and manufacture of complex electronic and electromechanical devices. Both IGAN Fusion and SUPR Stream will utilize their specific expertise with sophisticated printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses. Our chosen manufacturer also has strong customer relationships with many of the world’s leading OEMs across complementary military and industrial markets.
“We are pleased with the robust manufacturing platform we will now be able to utilize to design and manufacture IGAN and SUPR systems. Our partner has become a trusted partner to many leading businesses around the world, and has a strong reputation for delivering high-quality, complex manufacturing solutions,” said Gary Campbell, CEO of Cytta Corp. “Adding their considerable expertise and capabilities to Cytta’s paradigm shifting technologies, concepts and systems will move our Company to a whole new level.”
Previously, units were manufactured on an 'as sold' basis to control costs. While this allowed us to conserve cash, it limited our ability to scale as we did not maintain inventory of finished product. With the successful completion of our recent round of equity financing, Cytta is now able to complete the process of becoming a fully reporting, 1934 Act company, manufacture inventory to fulfill the demand of our pipeline, invest in sales force expansion, marketing, product development and investor relations.
https://finance.yahoo.com/news/cytta-corp-ret...00633.html
Propelled by the success and customer satisfaction of our early SUPR and IGAN installations, Cytta is experiencing rapid growth in product demand. Rapid scalability in all aspects of our ongoing operations is mission critical. Achieving scale in manufacturing and maintaining inventory will support this growth and shorten the sales cycle.
Our chosen partner is well-recognized for its historically advanced engineering, design, and manufacture of complex electronic and electromechanical devices. Both IGAN Fusion and SUPR Stream will utilize their specific expertise with sophisticated printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses. Our chosen manufacturer also has strong customer relationships with many of the world’s leading OEMs across complementary military and industrial markets.
“We are pleased with the robust manufacturing platform we will now be able to utilize to design and manufacture IGAN and SUPR systems. Our partner has become a trusted partner to many leading businesses around the world, and has a strong reputation for delivering high-quality, complex manufacturing solutions,” said Gary Campbell, CEO of Cytta Corp. “Adding their considerable expertise and capabilities to Cytta’s paradigm shifting technologies, concepts and systems will move our Company to a whole new level.”
Previously, units were manufactured on an 'as sold' basis to control costs. While this allowed us to conserve cash, it limited our ability to scale as we did not maintain inventory of finished product. With the successful completion of our recent round of equity financing, Cytta is now able to complete the process of becoming a fully reporting, 1934 Act company, manufacture inventory to fulfill the demand of our pipeline, invest in sales force expansion, marketing, product development and investor relations.
https://finance.yahoo.com/news/cytta-corp-ret...00633.html
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