Visium Technolog Stock Price, News & Analysis

Visium Technologies (OTC:VISM) has secured a significant $20 million contract with Cybastion Institute of Technology to develop National Data Centers in Côte d'Ivoire and Benin. The contract, announced at the AmCham Business Summit in Abidjan, encompasses comprehensive services including architectural design, project management, and infrastructure deployment.

The scope includes implementing power distribution systems, rack layouts, secure network topologies, and cybersecurity solutions. Visium will also provide training and operational support to local staff. The project aligns with the U.S. Government's Commercial Diplomacy Strategy for Sub-Saharan Africa and aims to strengthen digital infrastructure in West Africa.

Visium Technologies (OTC:VISM) and True Photonic have partnered to develop TruContext Photon™, the first AI-native situational intelligence platform built for pure photonic computing environments. The platform leverages True Photonic's patented Poovey Switch™ technology, operating at speeds up to 5,700 times faster than traditional cloud-based systems while reducing energy consumption by over 90%.

The platform aims to enhance smart city operations through real-time public safety monitoring, predictive analytics, sustainable digital command centers, and secure multi-agency coordination. It will incorporate a tokenized compute access model to align resource utilization with market demand. Pilot deployments are scheduled for late 2026, targeting smart cities, secure national systems, and digital infrastructure hubs.

Visium Technologies (OTC PINK: VISM) and Angel Consultants have signed a Memorandum of Understanding (MOU) to develop cybersecurity solutions for critical infrastructure in West Africa. The project will cover various sectors including Financial Services, Energy, Defense, and Healthcare. Visium will provide assessment, project management, and training services, while Angel will offer regional access and explore opportunities across multiple sectors. CEOs of both companies have expressed enthusiasm about the partnership, highlighting its potential to enhance security and expand Visium's global footprint. The collaboration underscores Visium’s commitment to cybersecurity innovation and excellence.

Visium Technologies (VISM) and Inner Circle Logistics (ICGroup) have signed a Memorandum of Understanding (MOU) to develop a state-of-the-art data center in the US Virgin Islands. The project, beginning in summer 2024, will leverage the region's strategic location, robust infrastructure, and economic benefits. The 22,500 square feet facility will boost data processing efficiency, connectivity, and cybersecurity for global clients. Visium will provide expertise in design, construction, and management, ensuring the project's success. This initiative aims to stimulate economic growth and job creation in the USVI, enhancing global data services.

Visium Technologies, a global cybersecurity and IT infrastructure services company, has provided an update on its business activities for 2024. The company has initiated project work in Africa in partnership with Cybastion Institute of Technology, focusing on infrastructure and cybersecurity projects in Côte D'Ivoire, Benin, and Burkina Faso. This includes a $20 million contract set to start in June. Additionally, Visium is working with IREX.AI on a video surveillance technology project in Peru. These activities are expected to generate revenue soon. CEO Mark Lucky thanked shareholders for their patience regarding delays in revenue recognition and emphasized that 2024 is set to be a year of execution with multiple contracts across Africa, South America, and the US.