Tickers: XCNQ:NUR, PINX:NRRWF
Tags: #Technology, #Telecommunications
Quebec, QC, Canada - TheNewswire - November 14th, 2019 - NuRAN Wireless Inc. ("NuRAN Wireless") (CNSX:NUR.CN) (OTC:NRRWF) (FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has been selected by the GSMA Connected Society Innovation Fund for Rural Connectivity.
A grant of up to GBP330,000 has been awarded to the Company to test and evaluate new innovative mobile internet connectivity solutions for unconnected rural communities in Africa. The fund will be allocated in partnership with Vodafone Ghana and is set to run for approximately 18 months. A total number of 7 new greenfield sites will pilot innovative solutions of the Company to deploy mobile broadband networks in rural areas, that will provide low-cost mobile internet coverage through commercially sustainable models, that can be scaled and replicated in similar environments across the region.
"This collaboration is ground-breaking in its aims to connect unconnected communities in rural locations and deliver a range of essential digital services," said Akinwale Goodluck, Head of Sub-Saharan Africa, GSMA. "The challenge is not only bringing mobile internet coverage to rural areas, which can be twice as expensive as in urban areas and with smaller revenue opportunities but to do so in a way that ensures long-term commercial sustainability. Innovation and partnership is essential to addressing this challenge, and the Innovation Fund, in association with the mobile ecosystem and government partners, is playing a key role in identifying new ways of using mobile technology to connect the unconnected."
"This pioneering initiative will certainly extend mobile connectivity and access to communities within parts of Northern Ghana," said Patricia Obo-Nai, Chief Executive Officer, Vodafone Ghana. "More than ever before, mobile communication has become the preferred means of staying connected with family as well as businesses. This initiative is in line with our objective to leave no one behind as we drive the digital transformation agenda in this ever-changing technological environment.''
The solution from NuRAN and its partners was assessed by an independent judging panel of industry experts and considered the most suitable among the applicants to address challenging rural environments that have low population density, difficult terrain and limited infrastructure. The Fund is backed by the UK's Department for International Development (DFID) and managed by the GSMA.
NuRAN has teamed up with industry leaders to insure the success of the pilot project, and selected Clear Blue Technologies for the solar power system, Redline Communications for the terrestrial backhaul links, and i engineering for the tower, site installation and site maintenance.
"NuRAN is proud of having been selected by the GSMA Connected Society Innovation Fund and to have ubiquitous connectivity as its mission. Succeeding on this endeavour requires levels of accessibility and affordability that only innovative technology can overcome. We welcome this selection by GSMA as recognition of our technological innovation and look forward to contributing further to a better, connected society", stated Maxime Dumas, President & CEO of NuRAN Wireless.
No regulatory authority has approved or reviewed the contents of the information contained in this news release.
About NuRAN Wireless
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.
For further information about NuRAN Wireless;
Maxime Dumas
President & CEO
info@nuranwireless.com
(418) 914-7484
Mark Berry
(416) 200-6768
Forward Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the timing of the Offering, the use of proceeds from the Offering, and the future plans or prospects of the Company. Generally, forward-looking information 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NuRAN Wireless Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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