Critical Infrastructure Technologies Update to Acquire Western Australian Engineering Business
(TheNewswire)
Acquisition Strengthens Sovereign Manufacturing Capability andProvides Immediate Revenue and EBITDA Contribution
Vancouver, BC –TheNewswire - May 13, 2026 –Critical Infrastructure Technologies Ltd. (CSE:CTTT) (OTC: CITLF) (FRA: X9V) (“CiTech” or the “Company”), aleading developer of autonomous, high-capacity mobile communicationsand security platforms, is pleased to announcethat it has received finance approval for the debt component of theacquisition price to acquire 100% of the issued shares of a WesternAustralian precision engineering and manufacturing company with strongconnections to the defence and mining sector.
The acquisition represents a major step in CiTech’sstrategy to establish sovereign manufacturing capability in Australiaand vertically integrate the production of its Nexus platform andfuture defence technologies.
Purchase price: AUD $5,775,000 on completion
Deferred payment 1: AUD $962,500 on 1st anniversary ofcompletion
Deferred payment 2: AUD $962,500 on 2nd anniversary ofcompletion
Revenue FY2025: AUD $7.5 million - FY2026 Projection:AUD $8.6m
EBITDA FY2025: AUD $1.9 million – FY2026 Projection:AUD $2.2m
Projected growth: revenue and EBITDA expected to doublewithin the next 2–3 years
The acquisition adds a profitable and well-establishedengineering and fabrication business to CiTech’s operations,providing an immediate earnings base while strengthening theCompany’s ability to scale production of its Nexus communicationsplatforms.
Extended to on or before May 31, 2026
The acquisition will provide CiTech with:
Immediate sovereign manufacturing capability in WesternAustralia
Vertical integration of fabrication and engineeringoperations
Faster prototyping, production, and deployment of Nexusplatforms
Access to a highly skilled workforce and advancedfabrication infrastructure
Enhanced capability to support defence, mining andcritical infrastructure customers
This strengthened manufacturing capability will allowCiTech to accelerate production of its Nexus autonomous communicationsplatforms, supporting increasing demand from international defence,mining and infrastructure markets.
“Being able to settle theacquisition represents a significant step in CiTech’s growthstrategy. This acquisition provides immediate revenue and earningswhile delivering the manufacturing capability required to scaleproduction of our Nexus platforms and support increasing internationaldemand.”
“Importantly, it strengthenssovereign Australian defence manufacturing capability and positionsCiTech to participate in major allied supply chains.”
On Behalf of the Board ofDirectors:
Brenton Scott
Director & Chief Executive Officer
Critical Infrastructure Technologies Ltd.
¿¿Brenton.s@citech.com.au
¿¿ +61 411 751191
About Critical InfrastructureTechnologies Ltd.
Listed on the CSE with operations in Perth, WesternAustralia, CiTech is creating autonomous, high capacity, rapidlydeployable technology that delivers essential services to where theyare needed most. CiTech is targeting the mining, defence, bordersecurity/surveillance and emergency services sectors in relation toits first product release, the Nexus 16, which aims to providecritical mobile telecommunications for such sectors. Using patentedtechnologies, CiTech’s self-deploying platform (SDP) provides asolution for two of the greatest limitations of current rapidlydeployable communication solutions, strength of the tower and abilityto rapidly self-deploy and operate, in numerous situations. The SDP isdesigned to support radio equipment including LTE (Long TermEvolution) and several other technological payloads, such assurveillance and anti-drone systems. CiTech has completed the researchand development phase and is currently commercialising the first ofmany products that will be released. To learn more about the Company,visit www.citech.com.au.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.
FORWARD-LOOKINGINFORMATION
This news release contains“forward-looking information” and “forward-looking statements”(collectively, “forward-looking information”) within the meaning of applicablesecurities laws. Forward-looking information is generally identifiableby use of the words “believes,” “may,” “plans,”“will,” “anticipates,” “intends,” “could”,“estimates”, “expects”, “forecasts”, “projects” andsimilar expressions, and the negative of such expressions.Forward-looking information in this news release.
Forward-looking information issubject to known and unknown risks, uncertainties and other factorsthat may cause the Company’s actual results, level of activity,performance or achievements to be materially different from thoseexpressed or implied by suchforward-looking information. Forward-looking information is based onthe reasonable assumptions, estimates, analysis and opinions ofmanagement made in light of its experience and perception of trends,current conditions and expected developments, and other factors thatmanagement believes are relevant and reasonable in the circumstancesat the date such statements are made. Although the Company hasattempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookinginformation, there may be other factors that cause results not to beas anticipated. There can be no assurance that such information willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such information. Allforward-looking information herein is qualified in its entirety bythis cautionary statement, and the Company disclaims any obligation torevise or update any such forward-looking information or to publiclyannounce the result of any revisions to any of the forward-lookinginformation contained herein to reflect future results, events ordevelopments, except as required by law.
Copyright (c) 2026 TheNewswire - All rights reserved.
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