NuRAN fu ds, builds, ma ages a d ow s u al mobile etwo k sites i u al a eas. All of these sites u o sola powe . Mobile pho e compa ies hi e NuRAN to each small tow s a d villages that a e ha d a d costly to se ve.
The Nasdaq listi g puts NuRAN i f o t of mo e U.S. i vesto s. The ew West Af ica p oject puts mo e NuRAN towe s i the g ou d. Both happe ed o the same day.
NuRAN commo sha es ow t ade o The Nasdaq Capital Ma ket u de the symbol “NUR”, i additio to the CSE a d F a kfu t.
NuRAN has kicked off a ew th ee-yea u al mobile etwo k US$ 5M p oject i West Af ica.
The custome is a state-ow ed mobile etwo k ope ato .
The p oject is pla ed to i clude mo e tha 200 u al sites usi g 2G a d 4G se vice.
NuRAN has mo e tha 5,000 sites u de co t act ac oss eight cou t ies with O a ge a d MTN, two of Af ica’s la gest mobile etwo k ope ato s.
NuRAN has i stalled its fi st 2G/4G towe s i Ivo y Coast a d Be i a d has sta ted a 3G/4G ollout i Came oo .
About 850 millio people i Af ica a e still offli e o without mobile i te et.
Ru al cove age is ha d to build. The la d is tough. Powe is ofte sca ce. Costs a e high. Ma y mobile ope ato s ca ot make the umbe s wo k o thei ow .
That is whe e NuRAN comes i . NuRAN uses a Netwo k-as-a-Se vice model. I plai wo ds: the mobile pho e compa y does ot pay to build the whole etwo k itself. NuRAN builds it, u s it, a d keeps it wo ki g. The mobile compa y pays fo the se vice ove time.
The West Af ica kickoff shows this model at wo k with a gove me t-ow ed ope ato . The Compa y views the site cou t a d the th ee-yea te m as the mea i gful pa t of this awa d, a d as a possible step towa d fu the wo k i the egio . That is a belief a d a pla , ot a p omise.
NuRAN pla s to build out the West Af ica sites ove the ext th ee yea s as pa t of its st ategic g owth pla .
NuRAN pla s to keep i stalli g towe s i Came oo , Democ atic Republic of The Co go, Ivo y Coast, Be i , Madagasca a d Gha a.
NuRAN pla s to co ti ue its 3G/4G ollout ac oss its va ious ope atio s to suppo t the g owi g dema d o data co sumptio .
These pla s a e fo wa d-looki g. Timi g, scale, a d cost ca cha ge. Please ead the cautio below.
Af ica ep ese ts o e of the wo ld’s la gest co ectivity oppo tu ities, with app oximately 850 millio people still offli e o u co ected to mobile i te et. NuRAN add esses this gap th ough low-cost, sola -powe ed u al mobile i f ast uctu e that helps mobile etwo k ope ato s each commu ities beyo d the limits of co ve tio al deployme t.
NuRAN is u iquely positio ed to help t a sfo m u al commu ities by e abli g thei i habita ts to become mo e co ected, p oductive a d eco omically active pa ticipa ts i thei atio al eco omies. Ou ole exte ds beyo d p ovidi g mobile co ectivity a d expa di g the cove age footp i t of mobile etwo k ope ato s. Each NuRAN site ep ese ts a lo g-te m i f ast uctu e asset located at the hea t of a u al commu ity-c eati g a platfo m f om which additio al tech ologies, digital se vices a d eco omic oppo tu ities ca be i t oduced.
Co ectivity emai s ou fou datio . By co ecti g people, we b oade thei access to i fo matio , ma kets, educatio , fi a cial se vices a d oppo tu ities beyo d the bou da ies of thei commu ities. But ou ambitio goes fu the : to evolve f om bei g p ima ily a u al telecommu icatio s i f ast uctu e p ovide i to a tech ology e able fo u al commu ities.
A impo ta t pa t of this evolutio is the i t oductio of AI at the etwo k edge a d RAN AI. By b i gi g computi g a d i tellige ce close to the commu ities we se ve, NuRAN sites ca evolve f om passive co ectivity i f ast uctu e i to i tellige t edge platfo ms. A tificial I tellige ce (“AI”) helps optimise etwo k pe fo ma ce, e e gy co sumptio a d ope atio al efficie cy, while edge computi g ca e able locally delive ed applicatio s a d se vices without equi i g all data a d p ocessi g to t ave se expe sive o capacity-co st ai ed backhaul etwo ks.
Ove time, this dist ibuted i f ast uctu e will also suppo t commu ity-focused AI a d digital applicatio s i a eas such as ag icultu e, educatio , healthca e, fi a cial i clusio , e vi o me tal mo ito i g a d gove me t se vices. The combi atio of co ectivity, local computi g a d AI c eates the fou datio fo se vices specifically adapted to the eeds a d ealities of u al commu ities.
Ou physical p ese ce withi these commu ities gives NuRAN a u ique u de sta di g of thei eeds a d challe ges. This allows us to develop a d deploy locally eleva t solutio s that build upo i f ast uctu e al eady i place.
I this way, a NuRAN site becomes mo e tha a telecommu icatio s site: it becomes a i tellige t platfo m fo co ectivity, computi g, AI a d eco omic developme t-helpi g u al commu ities pa ticipate mo e fully i the digital a d atio al eco omy.
“Af ica ep ese ts o e of the most impo ta t co ectivity oppo tu ities i the wo ld, with hu d eds of millio s of people still offli e o without eliable mobile i te et access,” said F a cis Létou eau, Di ecto a d Chief Executive Office of NuRAN. “Fo NuRAN, this is the ma ket we we e built to se ve. Ou low-cost, sola -powe ed u al i f ast uctu e model is desig ed to help mobile etwo k ope ato s exte d esse tial co ectivity i to commu ities whe e t aditio al deployme t eco omics have ot wo ked.”
M . Létou eau added: “The sta t of Nasdaq t adi g gives us a platfo m to i t oduce U.S. i vesto s to the size of Af ica’s u al co ectivity gap a d to ou t ack eco d i add essi g it. With mo e tha 5,000 sites u de co t act ac oss eight cou t ies with O a ge a d MTN, a d a ew th ee-yea p oject ow u de way i West Af ica, we a e focused o executio .”
NuRAN Wi eless I c. (NASDAQ:NUR)(CSE:NUR)(FSE:1RN) is a u al telecommu icatio s i f ast uctu e compa y. It delive s 2G, 3G, a d 4G wi eless co ectivity to emote a d u de se ved commu ities.
Th ough its scalable Netwo k-as-a-Se vice model, NuRAN builds, deploys, ope ates, a d mai tai s u al mobile etwo k i f ast uctu e fo mobile etwo k ope ato s seeki g to expa d cove age outside u ba ma kets.
NuRAN combi es telecommu icatio s e gi ee i g, low-powe wi eless tech ology, e ewable-e e gy-e abled i f ast uctu e, site selectio , a d field ope atio s to add ess the eco omic a d tech ical challe ges of u al mobile cove age.
Fo fu the i fo matio about NuRAN Wi eless: www. u a wi eless.com
F a cis Létou eau,Di ecto a d CEO
This ews elease co tai s “fo wa d-looki g stateme ts” a d “fo wa d-looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities legislatio a d applicable U ited States secu ities laws, i cludi g the safe ha bo p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995, as ame ded, to the exte t applicable.
Fo wa d-looki g stateme ts a e ofte , but ot always, ide tified by wo ds such as “a ticipates”, “expects”, “i te ds”, “pla s”, “believes”, “seeks”, “estimates”, “will”, “may”, “would”, “could”, “should”, “co ti ues”, “ta gets”, “pote tial”, a d simila exp essio s.
Fo wa d-looki g stateme ts i this ews elease i clude, without limitatio , stateme ts ega di g: the comme ceme t a d co ti uatio of t adi g of the Compa y’s commo sha es o The Nasdaq Capital Ma ket; the expected be efits of the Nasdaq listi g, i cludi g e ha ced visibility amo g U.S. i vesto s a d access to U.S. capital ma kets; the Compa y’s th ee-yea u al mobile etwo k i f ast uctu e p oject i West Af ica, i cludi g the a ticipated deployme t schedule, umbe of sites, tech ology mix, co t act value, a d comme cial o ope atio al be efits; the pote tial fo additio al wo k i the egio ; the deployme t of towe s i Ivo y Coast a d the ollout of 3G tech ology i Came oo ; a d the Compa y’s Netwo k-as-a-Se vice busi ess model, tech ology platfo m, a d g owth st ategy.
These fo wa d-looki g stateme ts a e based o the beliefs, expectatio s, a d opi io s of ma ageme t as of the date of this ews elease a d a e subject to k ow a d u k ow isks, u ce tai ties, assumptio s, a d othe facto s that may cause actual esults, pe fo ma ce, achieveme ts, o developme ts to diffe mate ially f om those exp essed o implied. Such isks i clude, without limitatio : executio a d field deployme t isk; isks that the ew p oject may ot be deployed o the expected timeli e, at the expected scale, o o the expected comme cial te ms; fi a ci g availability a d wo ki g capital isk; capital ma kets co ditio s a d i vesto dema d; egulato y, political, secu ity, cu e cy, pe mitti g, a d e e gy isks ac oss multiple Af ica ju isdictio s; supply chai a d logistics isk; the isk that mobile etwo k ope ato pa t e s, public-secto stakeholde s, supplie s, le de s, o othe cou te pa ties may ot pe fo m as expected; competitio ; tech ology pe fo ma ce a d etwo k uptime; isks elated to mai tai i g complia ce with Nasdaq listi g equi eme ts; a d ge e al eco omic, ma ket, i dust y, a d busi ess co ditio s.
Although the Compa y believes the assumptio s u de lyi g the fo wa d-looki g stateme ts a e easo able, u due elia ce should ot be placed o fo wa d-looki g stateme ts, which a e i he e tly u ce tai . Additio al isks a d u ce tai ties a e desc ibed i the Compa y’s fili gs with the U.S. Secu ities a d Excha ge Commissio a d i its fili gs o SEDAR+ at www.seda plus.ca. The fo wa d-looki g stateme ts i this ews elease a e exp essly qualified i thei e ti ety by this cautio a y stateme t. The Compa y does ot u de take a y obligatio to update publicly o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise, except as equi ed by applicable secu ities laws.
