Dear Valued Shareholders,
Reflecting on the accomplishments of the past year, we are filled with a sense of pride and a reaffirmed belief in the promising trajectory of our Company.
2023 has undoubtedly been a pivotal year for Cytta Corp., and I am thrilled to share with you how our technological strength has been echoed in a multitude of partnerships and strategic alliances.
From elevating drone capabilities to boosting mobile law enforcement potential, Cytta Corp’s technological advancements have been astonishingly well received.
As the CEO of Cytta Corp, it is with great pleasure that I present to you an overview of our key achievements in the past year and a hopeful outlook for 2024.
2023: A Year of Recognition and Growth
Throughout 2023, our dedication to innovation and user-focused design has not gone unnoticed. We were privileged to be recognized with several prestigious awards:
- Platinum Award for CyttaCOMMS: Acknowledged as the “Best Security Incident & Event Management Solution,” CyttaCOMMS has elevated our status as market leaders in robust communication solutions for incident management.
- Gold Award for CyttaCOMMS (IGAN 2.0): Celebrated as the “Best Wireless Video Surveillance Network Solution,” IGAN 2.0 continues to demonstrate our pursuit of efficiency and security in wireless video networks.
- Platinum Award for CyttaCARES (Crisis Alert and Response Emergency System): Noted as the “Best Emergency Response Program for Federal/State or Local,” our CyttaCARES platform emboldens our commitment to public safety and homeland security.
- These accolades serve not just as affirmations of our technological excellence but also as beacons guiding our path forward.
Strategic Initiatives and Product Advancements
The end of 2023 saw the preliminary launch of our marketing efforts for CyttaCOMMS/IGAN across a broad spectrum of online channels, reaching audiences across various sectors and receiving an overwhelmingly positive response. This accomplishment is a testament to our team’s creativity in showcasing the practicality and necessity of our products.
We are on the precipice of the commercial launch of CyttaCARES, a product shaping up to become a vital tool in emergency management protocols nationwide. Its near completion reflects the meticulous work and adaptive features that cater to complex requirements in crisis situations.
Reinforcing our development capabilities, we were delighted to welcome Zigron as the new lead developer. Their expertise has already infused energy into scaling COMMS and CARES platforms for a large scale commercial rollout.
Forging Transformational Partnerships
In 2023, Cytta Corp. solidified key partnerships reflecting confidence in our technological offerings:
- CyttaAir and Windhover Labs: This collaboration aims to integrate Cytta Corp’s groundbreaking CyttaAir multisource data streaming capabilities with Windhover Labs’ state-of-the-art drones, hardware, and software systems to deliver next-level solutions in the Unmanned Aircraft Systems (UAS) market.
- Conker Collaboration: As the exclusive North American Reseller for Conker products, we have melded ruggedized hardware with our CYTTACOMMS technology to enhance law enforcement capabilities.
- Formation of Cytta Air with FIZUAS: The proposed final Agreement will give Cytta Air the ability to expand communication solutions and professional services to Public Safety, First Responder, Energy, Agriculture, and Oil & Gas customers, driving new growth, sales, revenue, and market penetration of the nearly $50B market for drone sales and drone-based information, surveillance, and security communications marketplace.
- FirstNet: Achieving a FirstNet Verified™ designation means the CyttaComms IGAN system is a vetted and trusted solution for public safety, meeting FirstNet app requirements. Additionally, FirstNet subscribers will benefit from FirstNet reliability while using IGAN AIMS.
- Megh Computing: The integration of the technologies will advance the joint marketing capability of the Cytta and Megh video and video analytics solutions for the marketplace
- Sweetwater Defense: By merging the capabilities of Sweetwater’s SDE with the CyttaComms software engine, a plethora of advantages are unlocked for first responders, law enforcement, and security services. This includes a hardware-neutral Command & Control interface adept at overseeing intricate dynamic networks. This synergy also amplifies situational awareness, facilitating superior decision-making during emergencies.
- Safeware Government Security Solutions: As a fully authorized and approved partner, Cytta Corp’s products and services are now available under the Safeware Omnia Partners-legacy US Communities contracts.
Finally, let’s not forget that Reticulate Micro, Inc. became the first exclusive licensee of Cytta Corp.’s CyttaCOMP/SUPR technology with an exclusive, perpetual, worldwide license.
As Reticulate Micro prepares for its IPO next year this event has the potential to be of tremendous benefit to Cytta Corp. as Reticulate Micro’s largest shareholder.
Cytta’s 5.1 million shares representing 48% of Reticulate Micro, after the NYSE offering, are estimated at a minimum value of $25.5 million to $35.7 million. The actual trading price, and thus value, could be significantly higher.
From the Reticulate Micro, Inc. S1 filing dated October 23, 2023.
“On August 8, 2022, Reticulate Micro, Inc. entered into a worldwide, perpetual and exclusive license agreement with Cytta Corp., or Cytta, for its proprietary SUPR ISR (Superior Utilization of Processing Resources – Intelligence, Surveillance, and Reconnaissance) system.
“In consideration of the license agreement, Cytta was issued 5,100,000 shares of our Class A Common Stock and will receive a royalty of five percent of net sales of licensed product revenues and licensed service revenues over a ten-year period.”
“This is an initial public offering of our shares of Class A Common Stock, $0.001 par value per share. We are offering 2,000,000 of our shares of Class A Common Stock. It is currently estimated that the initial public offering price will be between $5.00 and $7.00 per share. “
Looking to the horizon, Cytta Corp is steadfast in its mission to deliver scalable, secure, and specialized communication solutions that address contemporary challenges.
While our achievements in 2023 are indeed a source of pride, they are also the stepping stones upon which we will continue to build. Our journey persists – punctuated by growth, innovation, and an untiring dedication to excellence.
As shareholders, your unwavering support has been instrumental in Cytta’s journey, and I want to reassure you that your investment remains in capable hands. We proceed with a conservative yet determined outlook, embracing opportunities and navigating challenges while maintaining operational prudence.
I sincerely thank you for your confidence in Cytta Corp, and I eagerly anticipate our shared optimistic future.
Chief Executive Officer