The meeti gs come as NuRAN adva ces its Af ica towe ollout, i cludi g the activatio of 29 additio al towe s i Octobe . With mo e tha 5,000 towe s u de co t act with O a ge a d MTN ac oss eight cou t ies i Af ica, the Compa y is focused o co ve ti g its co t acted po tfolio i to ope ati g i f ast uctu e a d ecu i g eve ue while pu sui g its lo ge -te m objective of eachi g 10,000 co t acted sites.
Subject to fi a ci g, NuRAN is ta geti g a expa sio of its ope ati g etwo k f om app oximately 300 sites to 1,650 sites by mid-2028. Based o ma ageme t’s deployme t a d site- eve ue assumptio s, this expa ded etwo k could ge e ate app oximately US$15-20 millio i telecommu icatio s eve ue i 2027. Achievi g this ta get will depe d o fi a ci g availability, deployme t timi g, the umbe of eve ue-ge e ati g mo ths pe site a d ope ati g pe fo ma ce.
“NuRAN is app oachi g a impo ta t i flectio poi t as we wo k to co ve t ou co t acted towe po tfolio i to a substa tially la ge ope ati g etwo k,” said F a cis Létou eau, Chief Executive Office . “The activatio of 29 additio al towe s i Octobe demo st ates p og ess. Ou ext p io ity is to build a sustai ed deployme t cade ce towa d 1,650 ope ati g sites a d the ecu i g eve ue that scale could suppo t.”
Th ough its Netwo k-as-a-Se vice model, NuRAN fi a ces, builds, ow s, ope ates a d mai tai s u al mobile i f ast uctu e fo mobile etwo k ope ato s. As additio al sites e te se vice, the Compa y expa ds its eve ue-ge e ati g footp i t u de lo g-te m custome ag eeme ts.
The pla ed meeti gs i Cape Tow will focus o adva ci g towa ds the compa y’s objective.
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.comF a cis Létou eau, Di ecto a d CEOF a cis.letou eau@ u a wi eless.com Tel: (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 atte da ce of the Compa y’s Chief Executive Office at Af ica Tech Festival a d the timi g, scope a d pote tial outcomes of meeti gs with mobile etwo k ope ato s, gove me t ep ese tatives a d i f ast uctu e pa t e s; the activatio , deployme t, completio a d ope atio of towe sites, i cludi g the 29 additio al towe s efe e ced i this ews elease; the co ve sio of the Compa y’s co t acted po tfolio i to ope ati g i f ast uctu e, ecu i g eve ue a d cash flow; the pla ed expa sio of the Compa y’s ope ati g etwo k f om app oximately 300 sites to 1,650 sites by the ta get date to be co fi med; the pote tial fo the expa ded etwo k to ge e ate app oximately US$15-20 millio i telecommu icatio s eve ue i 2027; the Compa y’s ability to establish a d mai tai a sustai ed deployme t cade ce; the pu suit of a lo ge -te m objective of 10,000 co t acted sites; the expected be efits of scale u de the Compa y’s Netwo k-as-a-Se vice model; the developme t of additio al e e gy a d digital i f ast uctu e eve ue st eams, i cludi g th ough NuE e gy; a d the Compa y’s busi ess pla s, st ategies, objectives, 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, cost a d pace of site deployme ts a d activatio s; the umbe of eve ue-ge e ati g mo ths pe site a d the eve ue a d ope ati g pe fo ma ce of activated sites; the co ti ued validity a d e fo ceability of custome ag eeme ts a d the 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; the availability of equipme t, logistics, labou , co ectivity, powe solutio s, pe mits, lice ces, app ovals a d la d o site access; co ti ued custome a d commu ity dema d; the ability to ide tify a d co clude suitable comme cial o i f ast uctu e pa t e ships; 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 ma ageme t’s deployme t, eve ue a d ma ket assumptio 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; delays, cost ove u s, u de pe fo ma ce o cha ges i the scope, timi g o eco omics of towe deployme ts; the ability to complete, activate a d ope ate co t acted sites, achieve the ta geted deployme t cade ce a d collect amou ts owed; the possibility that deployed sites ge e ate fewe eve ue-p oduci g mo ths o lowe eve ue tha assumed; the possibility that the Compa y does ot each 1,650 ope ati g sites by the ta get date, ge e ate US$15-20 millio i telecommu icatio s eve ue i 2027 o achieve its lo ge -te m objective of 10,000 co t acted sites; the possibility that meeti gs at Af ica Tech Festival do ot esult i ag eeme ts, pa t e ships, fi a ci g o othe comme cial outcomes; 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; isks associated with developi g additio al e e gy a d digital i f ast uctu e eve ue st eams, i cludi g th ough NuE e gy; 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 a ticipated meeti gs, deployme ts, ope ati g-site ta gets, eve ue levels, co t acted-site objectives, fi a ci g activities o additio al eve ue i itiatives will occu o be ealized as cu e tly co templated. 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.
This p ess elease co tai s futu e-o ie ted fi a cial i fo matio a d fi a cial outlook i fo matio (collectively, “
This p ess elease i cludes efe e ces to “a ual eve ue”, which is ot defi ed u de I te atio al Fi a cial Repo ti g Sta da ds (IFRS). The i te t of this u audited a d o -IFRS measu e is to p ovide additio al useful i fo matio to i vesto s a d a alysts. This o -IFRS measu e does ot have a sta da dized mea i g p esc ibed by IFRS a d is the efo e u likely to be compa able to simila measu es p ese ted by othe e tities. As such, this o -IFRS measu e should ot be co side ed i isolatio o used as a substitute fo measu es of pe fo ma ce p epa ed i acco da ce with IFRS.
This o -IFRS fi a cial measu e eflects a additio al way of viewi g aspects of the Compa y’s ope atio s. Because o -IFRS fi a cial measu es exclude the effect of items that will i c ease o dec ease the Compa y’s epo ted esults of ope atio s, ma ageme t st o gly e cou ages i vesto s to eview the Compa y’s co solidated fi a cial stateme ts a d publicly filed epo ts i thei e ti ety u de the Compa y’s p ofile o EDGAR a d SEDAR+.
View the o igi al p ess elease o ACCESS Newswi e
