Northwire Canada EditionWednesday, July 15, 2026
Sign inSubscribe
Northwire
⌕
EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0% EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0%
Financings

Critical Infrastructure Technologies Ltd. Receives a Dual-Use Innovation Certificate from the Latvian Ministry of Defence

By The Northwire Desk — AI Analysis Feb 23, 2026 · 09:01 CTTT · 0.48 Critical Infrastructure Technologies Ltd.
CTTT · Price

Executive Summary

  • Critical Infrastructure Technologies Ltd. received an Innovation Certificate from the Latvian Ministry of Defence, enabling it to apply for up to €3 million in financing from ALTUM.
  • The proposed loan could carry a capital discount of up to 30%, improving capital efficiency as the company establishes a European manufacturing base in Liepāja, Latvia.
  • Total project cost is estimated at €4 million, with CiTech contributing €1 million (25%) and seeking the remaining €3 million through ALTUM financing.

Key Details

  • Innovation Certificate: Granted by Latvian Ministry of Defence; formally recognises CiTech’s dual‑use technology for defence and civilian applications.
  • Financing Target: Up to €3 million from ALTUM under its innovation support framework.
  • Capital Discount: Loan may be eligible for a discount of up to 30% of principal, enhancing capital efficiency.
  • Project Scope (Latvia):
  • Secure industrial premises in Liepāja Special Economic Zone (corporate tax rate 4%).
  • Employ up to six staff members.
  • Engage suppliers across Latvia and the EU.
  • Build five Nexus 20 units for sale within Latvia/EU, generating revenue.
  • Project Cost: Approx. €4 million total; CiTech to fund ~€1 million (25%) in equity or cash, remainder via ALTUM loan.
  • Strategic Rationale: Establishes European manufacturing hub, strengthens integration with NATO Eastern Flank partners, and positions Latvia as the company’s EU headquarters.
  • CEO Comment: Brenton Scott highlighted the certificate as a fast‑track to EU operations and an accelerator for the European manufacturing strategy.

Notable Quotes

“We see this as a great strategy to get our operations fast tracked into Latvia and entrench ourselves even further within the EU. The Innovation Certificate recognises the dual‑use capability of our technology and provides a clear pathway to accelerate our European manufacturing strategy.” – Brenton Scott, CEO & Director, Critical Infrastructure Technologies Ltd.

Read the original news release →

More from Critical Infrastructure Technologies Ltd.

Jun 22, 2026 · 09:11

Acquisition and financing termination underscores execution risk in a cash-burning, pre-revenue defense tech play.

Financings Jun 04, 2026 · 09:00

Critical Infrastructure Technologies Advances Polish Nexus 20 Deployment Amid Manufacturing Integration and Steady Capital Raise

M&A / Property Jun 01, 2026 · 12:45

CiTech Bridges Financing Gap to Finalize WA Manufacturing Acquisition, De-Risking Nexus Platform Scalability Ahead of EU Defense Push

Financings May 13, 2026 · 19:58

Nexus Maker Secures $3M Lifeline at 10% Discount as Key Acquisition Drifts to May 31 Close

M&A / Property May 13, 2026 · 09:00

After months of deal drumbeats, CiTech finally has debt approval for its WA manufacturing buy, but the stock’s cliff-dive suggests the market needs more than a closing date.

M&A / Property May 12, 2026 · 00:03

CiTech Secures Funding for Australian Expansion Amidst Significant Share Price Correction

Financings