Clear Blue Technologies International Inc. (TSXV: CBLU) (FRANKFURT:
0YA) (‘Clear Blue’), a provider of Smart Off-Grid power solutions
for telecom, today announces an agreement with NuRAN Wireless Inc.
('NuRAN'), a leading supplier of mobile and broadband wireless
infrastructure solutions. NuRAN and Clear Blue will provide Rural
Telecommunications systems and ongoing operational services in
Cameroon to Orange S.A. (NYSE: ORAN), one of the world’s largest
mobile network operators.
Clear Blue will provide its Smart Off-Grid
solar-powered telecom solution as part of the
‘Network-as-a-Service’ (‘NaaS’) project. Phase 1 roll-out across
120 sites will take 12 months, commencing in Q4 2020.
The initial contract value for Clear Blue’s
participation in Phase 1 is approximately $650K CAD. The rollout is
expected to begin in early 2021 once final financing contracts are
executed. Subsequent phases planned for Year 2 and Year 3 of
roll-out are valued at an additional estimated $800K CAD combined
for Clear Blue, bringing the total contract value to $1.45M CAD.
Clear Blue’s ongoing Illumience management services will be
provided to NuRAN on an ongoing basis.
“Clear Blue’s Smart Off-Grid technology with its
unique and critical predictive analytics capabilities, offers the
lowest up-front cost, lower ongoing costs and the best power
availability due to its remote monitoring and power management
services,” said Francis Letourneau, CEO of NuRAN.
NuRAN's NaaS facilitates network expansion for
telecommunications operators by building and managing the ongoing
operations and maintenance of cellular sites. These sites are then
monetized by providing connectivity as an ongoing service for the
mobile operator. NuRAN facilitates this NaaS model by leveraging
its carrier-grade mobile network infrastructure solutions, its
extensive expertise in the building of cost-effective cellular
infrastructure and by collaborating with Clear Blue, an expert in
ongoing managed Energy-as-a-Service. Together, the team can set up
network operations from the ground up with a better return on
investment, which reduces costs for rural telecommunications
operators.
Added Letourneau: “NuRAN is operating these
rural telecom systems as an ongoing service and so it is critical
that we have reliable, managed power for our systems. Clear Blue’s
Energy-as-a-Service solution is a key to our partnership because it
reduces overall costs while maintaining this reliable power for a
strong, viable and profitable business model. Clear Blue has a
proven track record of delivering in previous projects worldwide,
and NuRAN is pleased to work with Clear Blue on this exciting
initiative.”
Miriam Tuerk, CEO of Clear Blue concluded:
“Clear Blue’s goal to facilitate global connectivity continues
through strong partnerships with telecom integrators and mobile
network operators like NuRAN and Orange Cameroon respectively.
These partnerships help drive economic prosperity and enable the
future of connectivity for all. We look forward to expanding this
partnership with NuRAN, as a leader in rural telecommunications, to
other African countries in critical need of connectivity.”
About Clear Blue Technologies
International
Clear Blue Technologies International, the Smart
Off-Grid™ company, was founded on a vision of delivering clean,
managed, “wireless power” to meet the global need for reliable,
low-cost, solar and hybrid power for lighting, telecom, security,
Internet of Things devices, and other mission-critical systems.
Today, Clear Blue has thousands of systems under management across
34 countries, including the U.S. and Canada. Clear Blue is publicly
traded on the TSX-V under the symbol CBLU and on the Frankfurt
Stock Exchange under the symbol FRANKFURT: 0YA.
About
NuRAN
NuRAN Wireless is a leading supplier of mobile
and broadband wireless infrastructure solutions. Its innovative
radio access network (RAN), core network, and backhaul products
dramatically drop the total cost of ownership, thereby creating new
opportunities for established, as well as emerging mobile network
operators. Indoor coverage, isolated rural communities, offshore
platforms and ships, NuRAN Wireless helps its customers reach
everyone, everywhere.
About Orange
Orange is one of the world’s leading
telecommunications operators with sales of 42 billion euros in 2019
and 143,000 employees worldwide at 30 June 2020, including 84,000
employees in France. The Group has a total customer base of 253
million customers worldwide at 30 June 2020, including 208 million
mobile customers and 21 million fixed broadband customers. The
Group is present in 26 countries. Orange is also a leading provider
of global IT and telecommunications services to multinational
companies, under the brand Orange Business Services.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).
Legal Disclaimer
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statement
This press release contains certain
"forward-looking information" and/or "forward-looking statements"
within the meaning of applicable securities laws. Such
forward-looking information and forward-looking statements are not
representative of historical facts or information or current
condition, but instead represent only Clear Blue’s beliefs
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of Clear Blue's
control. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or may contain
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "will continue", "will occur"
or "will be achieved". The forward-looking information contained
herein may include, but is not limited to, information concerning
the future phases of the project or future value of this project
for any mentioned parties.
By identifying such information and statements
in this manner, Clear Blue is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Clear Blue to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of Clear Blue is
speculative and subject to several risks including, without
limitation, the risks discussed under the heading "Risk Factors" in
Clear Blue's listing application dated July 12, 2018. Although
Clear Blue has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information and forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended.
In connection with the forward-looking
information and forward-looking statements contained in this press
release, Clear Blue has made certain assumptions. Although Clear
Blue believes that the assumptions and factors used in preparing,
and the expectations contained in, the forward-looking information
and statements are reasonable, undue reliance should not be placed
on such information and statements, and no assurance or guarantee
can be given that such forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information
and statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release. All subsequent written and oral forward-
looking information and statements attributable to Clear Blue or
persons acting on its behalf is expressly qualified in its entirety
by this notice.
Investor
Relations:investors@clearbluetechnologies.com
http://www.clearbluetechnologies.com/en/investors
Miriam TuerkCoFounder &
CEOMiriam@clearbluetechnologies.com+1-416-433-3952
Press Contact Becky NyeDirectorMontieth &
Company12 E 49th St., New York, NY 10017bnye@montiethco.com
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