LAS VEGAS, NV, United States, via ETELIGIS INC., 11/10/2014 – – Cytta Corp. (OTCQB: CYCA), announces they have entered into a Letter of Intent with Mr. John Dinovo owner of Ditron Inc. to acquire all interest in the Corporation, its proprietary software and all certifications including ISO 9001 and ISO 13485 therewith.
Cytta and Mr. Dinovo have defined this new project as ‘Ditron II’. Ditron Inc. had long been a premier Electronic Manufacturing Service Provider (EMSP), prior to the sale of its Phoenix based facility in 2011. Ditron Inc. provided manufacturing services to OEM customers for over 30 years with an unwavering commitment to customer service (see www.ditron.com).
Ditron II will provide complete manufacturing services and solutions to support the entire life cycle of products in the aerospace, defense, industrial, networking, transportation, and medical equipment market sectors requiring PCB assembly services. Cytta Corp. will use this acquisition to support its CyttaConnect medical product line and expand the Cytta Data Mobile Platform into additional industry segments.
Ditron II will also provide OEM design and engineering services; PCB assembly and testing, including quick-turn prototype; cable and harness assemblies; electronic interconnect assemblies, subassemblies and full systems integration (known as full box build); after-market repair and warranty services; and full materials management.
Cytta and Ditron will be setting up a new facility for Ditron II in Las Vegas, Nevada. This facility will concentrate initially on the design and manufacture of leading edge remote monitoring devices for the Medical and Oil & Gas industry and other remote monitoring devices.
Ditron’s state-of-the-art facility previously produced OEM equipment including the MedApps ‘Communicator’ and Implantable Temperature Monitors, Taser® CEW’s (Conducted Electric Weapons), Lightweight Computer Units (LCU’s) for the Army, and several proprietary devices for use by the Military in the Space Program.
Mr. Dinovo states, "Everything that we manufacture is to the highest quality standard and creates competitive value for our customers. We clearly understand that this is a relationship business and communication is a key element to a successful engagement. I’m excited about rebuilding Ditron II in concert with the Cytta team of professionals. Cytta’s expertise and resources will help us bring competitive, quality manufacturing back to the USA! We are a solution provider and excited by this new opportunity. Now that we’re commencing operating again, we invite new clients to challenge us."
Ditron II’s competitive strength will be its ability to manufacture both highly complex assemblies in short cycle times with smaller lot sizes (low volume/high mix with complex system integration and highly scalable assemblies with large lot sizes (high volume/low mix).
Gary Campbell CEO/Director of Cytta states, "We are excited about the opportunity to help rebuild Ditron II into a complete manufacturing operation for the assembly of complex and sophisticated medical, industrial and military assemblies. Adding manufacturing into our Cytta business gives us faster prototyping capabilities and valuable vertical integration in a very fast paced industry sector. Plus, I’m excited by and echo John’s vision that, together we can rebuild competitive manufacturing in the US."
Details and terms of a Definitive Agreement between the Parties remain to be negotiated. Additionally, Cytta has ceased negotiations to acquire ClincalWorx.
About Cytta Corp.
Cytta Corp. is an open source remote monitoring cellular/WiFi/satellite connectivity platform known for its highly scalable and secure Healthcare telehealth solutions. We are now offering the Cytta Connect technology to the Oil & Gas industry and will make available our remote data capture highway that connects monitoring devices seamlessly to a cloud-based data repository. Our remote data capture system works over our Special Purpose Network utilizing 4G LTE AT&T domestic and international SIMS, a proprietary smartphone based, Mobile, Satellite, and WiFi open source platform, and cloud-based data repository. The Cytta Connect technology automatically connects all remote monitoring devices to Cytta’s cloud-based data repository creating real time communication for the Healthcare/Telehealth and Oil & Gas industries.
Mr. Gary Campbell CEO, Director
Mr. Erik Stephansen, President, Director
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SOURCE: Cytta Corp.