NuRAN has mo e tha 5,000 towe u de co t act with O a ge a d MTN ac oss eight cou t ies, ep ese ti g expected eve ues exceedi g US$900 millio ove five- to te -yea co t act te ms a d co ti ues to build its pipeli e. This backlog p ovides a fou datio fo lo g-te m ecu i g eve ue g owth as the Compa y activates additio al sites a d expa ds its ope ati g base. The u de lyi g ma ket oppo tu ity emai s substa tial: Wo ld Ba k data i dicate that app oximately 731 millio people, o 55% of the egio ‘s populatio , lived i u al Sub-Saha a Af ica i 2025. Acco di g to the GSMA’s State of Mobile I te et Co ectivity 2024, 13% of the populatio i Sub-Saha a Af ica emai ed outside mobile-i te et cove age, while a fu the 60% lived withi a cove age a ea but did ot use mobile i te et leavi g 40% of the populatio without co ectivity.
The GSMA otes that the cove age gap is co ce t ated p edomi a tly i u al a d spa sely populated a eas, whe e co ve tio al etwo k expa sio emai s eco omically challe gi g. NuRAN’s i teg ated model combi es low-powe mobile i f ast uctu e with sola , sto age a d hyb id powe systems desig ed fo these deployme t co ditio s. Th ough NuE e gy, the Compa y i te ds to use its i stalled i f ast uctu e, custome elatio ships a d ope ati g footp i t to imp ove powe eliability at its sites a d pu sue compleme ta y e e gy eve ues without duplicati g its existi g ma ket-e t y platfo m.
NuE e gy’s i itial ma date is to p ovide depe dable, competitively p iced powe fo NuRAN’s etwo k i f ast uctu e a d pla ed edge-computi g facilities. As the platfo m develops, a d subject to local dema d, egulatio a d comme cial feasibility, the Compa y i te ds to evaluate e e gy se vices fo ea by custome s. These se vices could c eate i c eme tal eve ue a d i c ease the eco omic co t ibutio of each deployed site.
Powe -as-a-Se vice fo NuRAN sites: eliable, competitively p iced elect icity f om sola , batte y-sto age a d hyb id systems fo u al co ectivity i f ast uctu e.Commu ity cha gi g se vices: cha gi g hubs fo mobile pho es a d othe small devices used by households, me cha ts a d local i stitutio s.Local e e gy se vices: powe supplied, whe e comme cially viable a d pe mitted, to ea by homes, busi esses, commu ity facilities a d othe thi d-pa ty custome s.- P oductive-use
e e gy: daytime elect icity fo shops, small busi esses, ag icultu al use s, cha gi g ope ato s a d local i stitutio s. Telecom ESCO se vices: fi a ci g, deployi g, ow i g a d ope ati g powe systems fo mobile etwo k ope ato s a d othe telecommu icatio s i f ast uctu e custome s u de lo g-te m se vice a a geme ts.Edge-computi g powe i f ast uctu e: depe dable, scalable a d e ewable-e abled powe fo EDGE AI odes, data-p ocessi g facilities a d othe dist ibuted digital i f ast uctu e.E e gy asset ma ageme t: ope atio , mo ito i g a d optimizatio of sola , sto age a d hyb id systems to imp ove uptime, asset utilizatio a d lifecycle eco omics.
G owth i mobile co ectivity, digital se vices a d dist ibuted computi g is i c easi g dema d fo eliable, cost-effective powe i f ast uctu e ac oss Af ica. NuE e gy i te ds to pu sue oppo tu ities i emote a d u de se ved commu ities whe e g id access is limited o u available, as well as i pe i-u ba , i dust ial a d othe locatio s whe e powe quality, capacity o eliability co st ai telecommu icatio s a d digital i f ast uctu e.
Commu ity cha gi g ep ese ts a i itial pote tial ma ket i a eas whe e household elect icity access emai s co st ai ed. Ve ified Ma ket Resea ch estimated the global mobile pho e cha gi g-statio ma ket at app oximately US$6.3 billio i 2023 a d p ojected it to each app oximately US$25.2 billio by 2031, ep ese ti g a compou d a ual g owth ate of app oximately 21.8%. Cha gi g hubs located ea NuRAN sites could se ve co sume s, me cha ts a d i stitutio s while suppo ti g g eate use of voice, data, mobile-mo ey a d othe digital se vices. Subject to local dema d a d comme cial feasibility, these hubs could also p ovide a platfo m fo additio al e e gy se vices.
NuE e gy also i te ds to assess a E e gy Se vice Compa y (“ESCO”) model u de which it could fi a ce, deploy, ow a d ope ate sola , sto age a d hyb id powe systems fo mobile etwo k ope ato s a d othe telecommu icatio s i f ast uctu e custome s. I dust y esea ch estimates the Af ica telecom-towe a d allied-i f ast uctu e ma ket at app oximately US$4.46 billio i 2025 a d p ojects it to each app oximately US$7.82 billio by 2035, a compou d a ual g owth ate of app oximately 6.2%. Re ewable-powe ed towe sites have bee p ojected to g ow at app oximately 11.7% a ually th ough 2031. Lo g-te m e e gy-se vice a a geme ts could educe custome s’ upf o t capital equi eme ts, diesel co sumptio a d exposu e to powe i te uptio s while c eati g co t acted ecu i g eve ue fo NuE e gy.
NuE e gy also i te ds to evaluate powe i f ast uctu e fo dist ibuted EDGE AI computi g odes. I dust y estimates i dicate that Af ica’s edge data-ce t e ma ket could g ow f om app oximately US$1.7 billio i 2025 to app oximately US$4.2 billio by 2031, ep ese ti g a compou d a ual g owth ate of app oximately 10.6%. These facilities equi e depe dable, scalable a d i c easi gly e ewable powe close to whe e data is ge e ated a d p ocessed. Suppo ti g odes at telecommu icatio s sites a d othe st ategic locatio s could exte d NuE e gy’s add essable ma ket beyo d u al co ectivity i to localized computi g, data p ocessi g a d digital se vices.
NuRAN has appoi ted P of. D . Wolfga g Rams as St ategic Adviso to NuE e gy. P of. D . Rams is a telecommu icatio s e gi ee specializi g i mobile etwo ks a d holds a docto ate i eco omics. His expe ie ce i cludes eleve yea s with Deutsche Telekom a d T-Mobile, adviso y wo k fo Vodafo e, a d six yea s as CFO a d subseque tly CEO of a compa y that builds a d ope ates sola mi ig ids i u al commu ities ac oss Sub-Saha a Af ica, which he co-fou ded a d i vested i du i g 2016. His backg ou d combi es mobile etwo k tech ology, dece t alized sola powe a d executive expe ie ce i Af ica ma kets.
I his adviso y ole, P of. D . Rams is expected to suppo t NuE e gy’s busi ess pla a d impleme tatio st ategy, i cludi g p io ity-ma ket selectio , ope ati g models, tech ical a d fi a cial equi eme ts, st ategic pa t e ships a d fi a ci g alte atives. He is also expected to suppo t e gageme t with i f ast uctu e i vesto s, developme t fi a ce i stitutio s a d othe pote tial capital p ovide s. His expe ie ce ac oss telecommu icatio s, dece t alized e ewable e e gy a d Af ica i f ast uctu e is expected to assist NuE e gy’s developme t as a scalable a d fi a ceable platfo m.
“The activatio of 29 additio al towe s demo st ates e ewed p og ess i co ve ti g ou co t acted backlog i to ope ati g assets a d ecu i g eve ue,” said F a cis Létou eau, Di ecto a d Chief Executive Office of NuRAN Wi eless. “NuE e gy is i te ded to i c ease the value of ou i f ast uctu e by placi g ou sola , sto age a d hyb id powe systems withi a dedicated comme cial platfo m. Usi g telecom dema d as a a cho load, we pla to imp ove site eco omics a d develop compleme ta y eve ues f om commu ity e e gy se vices, telecom ESCO solutio s a d dist ibuted digital i f ast uctu e. Ou objective is to build a diffe e tiated i f ast uctu e platfo m that suppo ts st o ge cash ge e atio a d sustai able lo g-te m sha eholde value.”
Ru al populatio : Wo ld Ba k, based o U ited Natio s Wo ld U ba izatio P ospects – app oximately 731.4 millio people, o 55% of the populatio , lived i u al Sub-Saha a Af ica i 2025. Wo ld Ba k
Mobile co ectivity gap: GSMA, The State of Mobile I te et Co ectivity 2024 – i Sub-Saha a Af ica, 13% of the populatio emai ed outside mobile-i te et cove age a d 60% lived withi cove age but did ot use mobile i te et; the cove age gap is co ce t ated p edomi a tly i u al, poo a d spa sely populated a eas. GSMA
Mobile pho e cha gi g statio s: Ve ified Ma ket Resea ch, Mobile Pho e Cha gi g Statio Ma ket Size a d Fo ecast – app oximately US$6.3 billio i 2023, p ojected to each US$25.2 billio by 2031 (21.8% CAGR). Ve ified Ma ket Resea ch
Telecom e e gy i f ast uctu e a d ESCO oppo tu ity: Expe t Ma ket Resea ch, Af ica Telecom Towe s a d Allied Ma ket Size a d Sha e-G owth, T e ds a d Fo ecast – app oximately US$4.46 billio i 2025, with p ojected g owth of 6.2% a ually th ough 2035. Expe t Ma ket Resea ch
NuRAN Wi eless I c. (NASDAQ:NUR)(FSE:1RN) is a u al telecommu icatio s i f ast uctu e compa y co ecti g emote a d u de se ved commu ities ac oss Af ica. Th ough its Netwo k-as-a-Se vice model, NuRAN fi a ces, builds, ow s, ope ates a d mai tai s 2G, 3G a d 4G 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 has mo e tha 5,000 sites u de co t act, a po tio of which a e built a d ope ati g. The Compa y 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. Th ough NuE e gy, its wholly ow ed subsidia y, NuRAN is also developi g a platfo m to ow a d ope ate sola , sto age a d hyb id powe systems ac oss its Af ica footp i t.
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 CEOF a cis.letou eau@ u a wi eless.comTel: (418) 264-1337
This ews elease co tai s fo wa d-looki g stateme ts a d fo wa d-looki g i fo matio (collectively, “fo wa d-looki g stateme ts”) withi the mea i g of applicable Ca adia secu ities laws, i cludi g the secu ities laws of the P ovi ce of B itish Columbia, a d the safe ha bo p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. Stateme ts othe tha stateme ts of histo ical fact a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e ge e ally, but ot always, ide tified by wo ds such as “a ticipate,” “believe,” “estimate,” “expect,” “i te d,” “may,” “pla ,” “pote tial,” “p oject,” “seek,” “should,” “ta get,” “will,” “would” a d simila exp essio s o by stateme ts that ce tai eve ts, actio s o esults “may,” “could,” “should,” “would” o “will” occu , be achieved o be ealized. Fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce, a d actual esults may diffe mate ially f om those exp essed o implied by such stateme ts.
Fo wa d-looki g stateme ts i this ews elease i clude, without limitatio , stateme ts ega di g: the activatio , deployme t, completio a d ope atio of towe sites, i cludi g the 29 sites efe e ced i this elease; the co ve sio of the Compa y’s co t acted backlog i to ope ati g assets, eve ue a d cash flow; the expected value, timi g a d du atio of eve ues associated with the Compa y’s backlog; the establishme t, developme t, fi a ci g, scalability, activities a d expected be efits of NuE e gy; the ow e ship, deployme t a d ope atio of sola , batte y-sto age a d hyb id powe systems; the availability, eliability a d cost of elect icity; commu ity cha gi g, local e e gy, p oductive-use e e gy, telecom ESCO, edge-computi g powe a d e e gy-asset-ma ageme t oppo tu ities; pote tial thi d-pa ty powe sales a d othe comme cial a a geme ts; ma ket size a d g owth estimates; expected imp oveme ts i site eco omics, ma gi s, asset utilizatio , ope ati g leve age, capital efficie cy, cash ge e atio a d ecu i g eve ue; the ability to att act i f ast uctu e i vesto s, developme t fi a ce i stitutio s a d othe capital p ovide s; the expected co t ibutio s of the Compa y’s st ategic adviso ; a d the Compa y’s busi ess pla s, st ategies, objectives, pa t e ships, custome dema d, fi a ci g equi eme ts, g owth p ospects a d c eatio of lo g-te m sha eholde value.
Fo wa d-looki g stateme ts a e based o ma ageme t’s cu e t expectatio s, estimates, p ojectio s, beliefs a d assumptio s as of the date of this ews elease, i cludi g assumptio s ega di g: the availability of sufficie t fi a ci g a d wo ki g capital o acceptable te ms; the timi g a d cost of site deployme ts a d e e gy-system i stallatio s; the co ti ued pe fo ma ce of custome s, supplie s, tech ology pa t e s, le de s, gove me ts a d othe cou te pa ties; custome a d commu ity dema d; the ability to obtai equi ed pe mits, lice ces, app ovals a d la d o site access; the availability of equipme t, logistics, labou , co ectivity a d powe solutio s; the e fo ceability a d co ti ued validity of mate ial co t acts; p evaili g fo eig -excha ge ates a d eco omic, political, secu ity, egulato y a d ma ket co ditio s; a d the accu acy of thi d-pa ty ma ket data a d p ojectio s. Although ma ageme t co side s these assumptio s easo able, they may p ove i co ect.
Fo wa d-looki g stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s, ma y of which a e beyo d the Compa y’s co t ol, that could cause actual esults, pe fo ma ce o achieveme ts to diffe mate ially f om those exp essed o implied. These facto s i clude, without limitatio : the Compa y’s ability to co ti ue as a goi g co ce a d obtai adequate fi a ci g a d wo ki g capital o acceptable te ms; the ea ly-stage atu e of NuE e gy a d the possibility that p oposed se vices, p ojects o t a sactio s may ot p oceed; delays, cost ove u s, u de pe fo ma ce o cha ges i the scope o eco omics of site a d e e gy deployme ts; the ability to complete, activate a d ope ate co t acted sites a d collect amou ts owed; cou te pa ty, custome -co ce t atio a d co t act isks; equipme t, tech ology, cybe secu ity, etwo k-uptime, supply-chai , logistics a d labou isks; fluctuatio s i fo eig -excha ge ates, i flatio , i te est ates a d e e gy o commodity p ices; competitio a d cha ges i custome dema d; egulato y, lice si g, pe mitti g, tax, e vi o me tal, la d-access a d complia ce isks; political i stability, co flict, secu ity co ditio s a d othe cou t y isks i the ma kets i which the Compa y ope ates; elia ce o thi d-pa ty ma ket estimates; isks elated to the Compa y’s Nasdaq a d othe excha ge listi gs a d co ti ued complia ce with applicable listi g sta da ds; the Compa y’s obligatio s as a epo ti g issue u de applicable Ca adia secu ities laws, i cludi g the secu ities laws of the P ovi ce of B itish Columbia, a d ove sight by the B itish Columbia Secu ities Commissio ; dilutio o othe co seque ces of futu e fi a ci gs; a d the isks desc ibed u de “Risk Facto s” a d elsewhe e i the Compa y’s most ece t a ual epo t o Fo m 40-F, subseque t epo ts fu ished o Fo m 6-K a d othe fili gs with the U.S. Secu ities a d Excha ge Commissio , a d i the Compa y’s fili gs o SEDAR+ at www.seda plus.ca. Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g stateme ts. The e ca be o assu a ce that the 29 sites will pe fo m as expected, that the co t acted backlog will be deployed o ge e ate the a ticipated eve ues, that NuE e gy will be developed as pla ed o achieve a y i te ded be efit, that thi d-pa ty e e gy sales o othe p oposed se vices will occu , o that a y a ticipated fi a ci g, comme cial, ope ati g o fi a cial esult will be ealized. The fo wa d-looki g stateme ts i this ews elease speak o ly as of its date a d a e exp essly qualified i thei e ti ety by this cautio a y ote. Except as equi ed by applicable secu ities laws, the Compa y u de takes o obligatio to update o evise a y fo wa d-looki g stateme t, whethe as a esult of ew i fo matio , futu e eve ts o othe wise.
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