Visium Technologies, Inc. announced that the Company has received a Letter of Intent ("LOI") to collaborate with Cybastion Institute of Technology on a series of groundbreaking projects in Cote d'Ivoire ("Ivory Coast"). The LOI outlines the commitment of both organizations to work together on initiatives that promise to drive technological innovation and economic growth in Africa. There are several projects to be undertaken in Cote d-Ivoire where Visium will provide network engineering services, system engineering services, converged infrastructure deployment, software development, and cybersecurity, featuring the TruContextTM data analytics and visualization platform.

The total estimated value of contracts to be awarded to Visium for these projects in Cote d' Ivoire is privately estimated to be $50 million, with the possibility of adjustments as the projects progress and their specific requirements become more defined. The projects under this agreement are expected to commence in October 2023. The shared goal of Cybastion and Visium is to contribute to the successful realization of these transformative projects, which have the potential to significantly impact technological advancement and economic growth in Cote d'IVOire.

Representatives from both organizations will convene for in-depth discussions on critical aspects of the partnership, including scope of work, timelines, responsibilities, financial arrangements, and other pertinent consideration of the collaboration. The partnership will leverage the combined expertise and resources of both companies to drive the successful execution of these vital projects in Cote d'ivoire.