Cytta Corp (OTCMKTS:CYCA) Stock Continues to Trend Lower

Considering the major announcement that Cytta Corp (OTCMKTS:CYCA) made yesterday it may be time for investors to take a closer look into it today and perhaps track the stock too. The company announced yesterday that it had inked a technology cooperation agreement with the firm Megh Computing Inc. Megh is best known for having developed the Megh Video Analytics Solutions (VAS).

Trading Data

On Monday, CYCA stock slid 7.14% to $0.0455 with more than 36K shares, compared to volume of 202.62K shares. The stock moved within a range of $0.0455 – 0.0480 after opening trade at $0.0480.

Cytta Corp Inks Technology Cooperation Agreement with Megh Computing, Inc.

This agreement would help in enabling interoperability between the Megh Video Analytics Solutions with Cytta Corp’s IGAN Actionable Information Management System multisource data streaming capability. This collaboration would result in the creation of a leading edge video streaming and artificial intelligence product which could be suitable for a range of industries.

It could be deployed in the security, first responder and industrial as well as commercial spaces throughout the world. The collaborative effort is expected to lead to a platform that is going to provide the users with the necessary situational awareness as well as the ability to make better decisions in emergency situations.

The speeding up of decision making timelines would also make the product a major new tool in the hands of first responders and law enforcement personnel. Investors could do well to keep an eye on further developments.