Critical Infrastructure signs JV agreement with Juno

Executive Summary

• Critical Infrastructure Technologies Ltd. and Juno Industries have executed a joint venture agreement to co-develop and commercialize the "Polar Nexus," an Arctic-ready version of Critical Infrastructure's autonomous Nexus platform.
• The JV will be equally owned (50/50) and will establish a new British Columbia facility dedicated to system integration and Arctic testing.
• The partnership targets the rapidly growing Arctic defense, surveillance, and communications infrastructure market, combining Critical Infrastructure's proprietary technology with Juno's defense sector expertise and Canadian Armed Forces alignment.

Key Details

• Transaction Structure: 50/50 owned joint venture between Critical Infrastructure Technologies Ltd. and Juno Industries Inc.
• Critical Infrastructure Contribution: One Nexus platform unit and dedicated engineering support to adapt the system for Arctic and extreme-environment conditions.
• Juno Industries Contribution: $450,000 in cash.
• Facility & Operations: Establishment of a new British Columbia facility to support Polar Nexus integration, sensor deployment, and Arctic testing.
• Product Focus: Development of the "Polar Nexus" platform designed for communications, monitoring, and operations in remote/northern environments.
• Intellectual Property: Collaborative development of new IP surrounding Arctic readiness, sensor integration, and scaled deployment strategies.
• Target Markets: Defense, border security, surveillance, and industrial sectors across North America, specifically capitalizing on increasing strategic activity in northern regions.
• Strategic Rationale: Leverage Juno's deep understanding of Canadian Armed Forces needs and Critical Infrastructure's patented self-deploying platform (SDP) technology to capture emerging Arctic infrastructure demand.

Notable Quotes

• Brenton Scott, CEO of Critical Infrastructure Technologies: "This partnership with Juno Industries establishes an important step in expanding the Nexus platform into Arctic and remote operating environments. By combining CiTech's technology with Juno's capabilities in North America and focus on Arctic threat detection, the Polar Nexus is well positioned to support opportunities across defence and industrial markets."
• Hunter Scharfe, CEO of Juno Industries: "We are grateful to be working with the amazing team at CiTech, and look forward to working closely to develop and deploy Polar Nexus. Juno Industries believes the Arctic will play a growing role in global defence, and that platforms like Polar Nexus will benefit meaningfully. Additionally, we feel this JV is uniquely positioned to succeed in Canada, with Juno's deep focus on understanding the urgent needs of the Canadian Armed Forces and their allies."