|By Marketwired .||
|March 27, 2014 09:00 AM EDT||
LAS VEGAS, NV -- (Marketwired) -- 03/27/14 -- Cytta Corp. (OTCQB: CYCA) is pleased to announce the expansion of its open source remote connectivity platform into the Oil & Gas (O&G) Industry. Cytta has agreed to immediately introduce its remote monitoring connectivity technology to the segment, due to strong demand for real time monitoring coming from the rapidly growing US O&G Industry.
Cytta's Special Purpose Network and mobile device solution for use by the healthcare industry was ubiquitously designed for remotely monitoring data regardless of the source. Accordingly, the monitoring of remote data from the remote Well Site is only another use case for the Cytta Connect platform.
Cytta's seamless integration of cellular, WiFi and satellite communication systems provide a global, low cost solution for all types of remote monitoring. It is a natural progression to move our core technology and offer other industries our affordable, highly scalable and secure monitoring platform.
In conjunction with announcing Cytta's service offerings to the O&G industry, Cytta Corp. has signed entered into working Agreement with MachLink Corp. (www.machlink.ca). MachLink Corp. is synonymous with protecting rural environments and its founder and CEO Fred Munn has occupied a significant position in the wireless broadband and security monitoring of the Oil and Gas space for the past decade. MachLink markets numerous leading edge imaging, intelligent security solutions and wireless technologies to the Canadian O&G Industry.
Similar to Cytta's partnership programs in healthcare, Cytta is offering its open platform to Oil & Gas service and equipment providers. "We believe in open collaboration and MachLink's current focus on commercial oil & gas clients utilizing leading edge communication and patented wireless imaging and data technologies provides a significant opportunity for Cytta Oil & Gas and MachLink to integrate our capabilities and offer unique world class M2M solutions to an already developed client base," stated Erik Stephansen, President of Cytta Corp.
Mr. Stephansen added, "By utilizing Cytta's technologies such as data compression and open source cellular and satellite networks to provide O&G connectivity solutions, we naturally expand our world class remote monitoring offerings, which is part of Cytta's global go-forward strategy. In addition, we are also very excited by the experienced people and exciting business partners we're attracting to join us in this O&G effort."
Mr. Stuart Brame recently joined Cytta Corp to lead Cytta's Oil & Gas remote monitoring programs. Mr. Brame was previously VP of International Marketing for MachLink Corp. and brings to the company a wealth of experience in Oil & Gas and business development segment. He was integrally involved with the technologies that MachLink offers in the marketplace while situated in the Alberta Oil Sands area of Canada.
"O&G projects are often located in very challenging areas of the US & elsewhere, and Cytta's recent advances in technology will help overcome the industry challenges found in such remote and harsh environments," Mr. Brame noted with emphasis. "By providing solutions which are configured to each client's situational environment, we are able to seamlessly integrate data from multiple sources by adding Cytta's connectivity solutions and expand the reach and capabilities of MachLink's products in the O&G industry. This is a win-win for both Companies and for our industry customers relying on technological innovation," stated Mr. Brame.
Cytta and MachLink are advancing the implementation and development of an automatic data communication technology in support of each other. Utilizing the Cytta mobile connectivity solutions to expand and enhance the leading edge technologies being offered and developed by MachLink and Cytta Labs will streamline a suite of connectivity solutions and provide greater access to critical information at significantly less cost and effort. Cytta Connect's solution for Oil & Gas will provide customers real-time remote data management, secure data transmission and interoperability they need require to achieve their short and long term monitoring goals.
About Cytta Corp.
Cytta Corp. is an open source remote monitoring connectivity platform known for its highly scalable and secure Healthcare 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 an Online Data Repository (ODR). Our remote data capture system works over our Special Purpose Network, a proprietary Global Mobile, Satellite, WiFi open source network, and Cloud-based data repository that automatically connects all remote monitoring devices to Cytta's open source ODR creating real time communication for the Oil & Gas industry with world leading compression heretofore unavailable in the market.
About MachLink Corp.
MachLink Corp. is a leading solutions provider for telecommunications and internet, and applies best in class processes and technologies that can effectively be integrated into new or existing infrastructure. Utilizing a blend of technologies with sophisticated integration techniques provides customers with specifically designed solution for their unique requirements.
MachLink also utilizes an intelligent video analytic for industrial and environmental applications. The technology automatically detects threats and hazards in real-time, allowing operators to quickly respond to a situation, leading to enhanced safety, security and environmental control. Their proprietary solutions are utilized in the oil and gas industry, airports, rural populations, and commercial and industrial complexes. MachLink's ability to engineer solutions and meet the demand for security across all markets has positioned the company as a leader in innovation, meeting the challenges of each and every security application presented to the company.
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, the impact of any product liability or other adverse litigation, working capital and availability of capital, commercialization and technological difficulties, the impact of actions and events involving key customers, vendors, lenders, competitors, and other risks detailed in the Company's Form 10-K for the year ended September 30, 2013, and other subsequent Securities and Exchange Commission filings. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may", "objective", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward looking statements, whether as a result of future events, new information, or otherwise.
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