Shares of Cytta Corp (OTCMKTS:CYCA) closed with a marginal fall on Monday after soaring 25% last week.
Market Action
On Monday, CYCA stock moved down 3% at $0.19 with more than 101k shares, compared to its average volume of 67K shares. The stock has moved within a range of $0.1717 – 0.2070 after opening the trade at $0.1801.
Sale of IGAN ICS System
Cytta Corp (OTCMKTS:CYCA) has initiated the first commercial industry sale of their Ruggedized IGAN incident command system combined with a satellite antenna and an ongoing satellite airtime package to Global Medical Response.
At present, Cytta’s IGAN incident command system is used by police and fire First Responders all over the nation. The technology smoothly streams and integrates all available video sources and audio sources during police, fire and emergency operations. Global Medical Response, an industry leader, provides all types of commercial first responder services to communities in need of industry-leading air, ground, specialty, residential fire services, federal disaster response and managed medical transportation organization.
Gary Campbell CEO of Cytta feels great about introducing their IGAN and satellite capability technology to a key player in the industry that provides different kinds of first responder services in all areas of need. It is necessary to keep these dedicated individuals safe and protected, so ensuring they are always in communication through the IGAN, is important.
Global Medical Response is looking to integrate the IGAN system in local and remote locations, as the command-and-control hub, for their state-of-the-art array of end-to-end medical transportation as well as fire services, integrated healthcare solutions and disaster response operations.
Key Quote
Gary Campbell CEO of Cytta stated, “We are excited to be introducing our IGAN and satellite capability technology to an important organization providing all types of first responder services in all areas of need. GMR provide invaluable commercial leading edge emergency services throughout America. Their dedicated teams of emergency professionals deserve to be recognized as an important cog in our Nation’s first responder network. Ensuring that these dedicated individuals are safe, protected and always in communication through our IGAN, is of primary importance to all of us at Cytta.” Mr. Campbell further stated, “With this choice, GMR has now determined to incorporate our revolutionary IGAN system as the command-and-control hub, in local or remote locations, for their impressive array of end-to-end medical transportation as well as fire services, integrated healthcare solutions and disaster response operations. We are proud to support them and their communication needs.”
Traders Note
CYCA stock is trading above the 20-Day and 50-Day Moving averages of $0.14 and $0.12 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.14. The stock is up 111% so far this year.
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