QUEBEC CITY, Jan. 16, 2018 (GLOBE NEWSWIRE) -- NuRAN Wireless Inc. (CSE:NUR) (OTC:NRRWF) is pleased to announce it started shipping OC-LTE base stations to key customers and partners for field trials across the globe.
NuRAN Wireless started shipping pre-production units of OC-LTE, a 4G outdoor base station specifically built for rural and remote locations. The majority of units will be integrated and operated within mobile operators’ networks, including tier-one operators in Africa, South America and South-East Asia. Successful qualification by the operators is expected to lead to deployments representing several thousands of units, with initial rollouts expected to start within 2018.
OC-LTE is a carrier-grade 4G LTE base station capable of being powered by solar, and designed to bring affordable mobile broadband connectivity in both rural and remote areas. It has been designed by NuRAN Wireless and Cavium (NASDAQ:CAVM), as part of the Telecom Infra Project’s (telecominfraproject.com) OpenCellular, a Facebook (NASDAQ:FB) lead initiative dedicated to disrupting the traditional telecom network infrastructure and bringing innovative solutions to close the digital divide.
In their latest report entitled “Enabling Rural Coverage” published in December 2017, the GSM Association (www.GSMA.com ) reported a connectivity gap of 3.7 billion people, of which 1.2 billion are beyond network reach, thus highly impacting their economic and social development, their capacity to participate in the digital economy, getting basic e-government services and preventing them from efficiently communicating with the outside world.
“Shipping our first OC-LTE units is a major milestone for NuRAN Wireless. It opens the doors to a larger market than previously accessible by offering a high-performance, high-throughput and yet affordable connectivity solution. We are very proud of this accomplishment and look forward to bridging this extremely important social gap while rewarding our longstanding shareholders” commented Martin Bédard, President and CEO of NuRAN Wireless.
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.
Nutaq Innovations is a wholly owned subsidiary of NuRAN Wireless. Nutaq is a leading provider of advanced digital signal processing (“DSP”) solutions and wireless technologies, including software defined radios (“SDR”). The Company operates three complementary lines of business; Wireless Network Products, Advanced Development Platforms (“ADP”) and Engineering Services.
For further information about NuRAN Wireless or Nutaq Innovations;
www.nuranwireless.com or www.nutaq.com
Martin Bédard
President and CEO
Tel: (418) 914-7484 Fax: (418) 914-9477
Toll Free: 1-855-914-7484 Email: info@nuranwireless.com ; info@nutaq.com
Direct Financial Strategies and Communication
Frank Candido
Tel: (514) 969-5530 Email: frank.candido@nuranwireless.com
No regulatory authority has approved or disapproved the information contained in this news release.
Forward Looking Statements
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “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 statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of NuRAN Wireless to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include: the Company’s quest to connect the next billion; that this strategic acquisition allows Nuran to offer a complete mobile and broadband solution and the ability to secure the Nuran solution as the leader in rural and remote mobile connectivity, that the acquisition reinforces NuRAN’s strategic positioning towards new and small operators by offering an end-to-end mobile small-cell network solution with the lowest Total-Cost-of-Ownership (TCO) on the market and that the acquisition will allow NuRAN the opportunity to bring cellular coverage to emerging market where the return on investment (ROI) was previously simply too low. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of NurRAN Wireless to obtain necessary financing; general economic conditions in Canada and globally; competition for, among other things, capital and skilled personnel; our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company’s competition; failure to integrate the technology and assets acquired from the Vendors and the Company’s failure to adequately protect its intellectual property; interruption or failure of information technology systems and other risk factors described in the Company’s reports filed on SEDAR), including its financial statements for the year ended October 31, 2015, and those referred to under the heading “Risk Factors”. These forward-looking statements should not be relied upon as representing NuRAN Wireless’ views as of any date subsequent to the date of this press release.