QUEBEC CITY, June 19, 2018 (GLOBE NEWSWIRE) — NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE:NUR) (OTC:NRRWF) (FSE:1RN) is pleased to announce that it has signed an MOU with Avanti Communications Group plc (“Avanti”), [AIM (AVN:LSE)] to market and distribute a combined 2G RAN product alongside Avanti’s Ka-band satellite backhaul solution.
Avanti Communications, a satellite operator based in London, England, provides satellite broadband services across Europe, the Middle East and Africa through its fleet of High Throughput Satellites. Avanti’s world-leading satellite technology sets a new standard for reliability, flexibility and value for Internet Service Providers, Mobile Network Operators, Governments and Satellite Operators. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7 billion people. The Group has invested $1.2 billion in a network that incorporates satellites, Gateway Earth Stations, data centres and a international fibre ring.
Reaching rural communities is highly strategic for both NuRAN and Avanti, with a clear focus on the African, Latin American and South East Asian markets. Reaching these communities often requires satellite backhaul as the only viable solution further highlighting the strategic advantage the two companies collaborating.
The partnership will officially kick off with a pilot for an incumbent East African Operator that has the scale to grow into a large deployment of sites across the region. The additional deployments are expected to start rolling out during the course of 2018 with an anticipated completion during the first half of 2019.
The World Economic Forum states that 3.9 billion people or 52% of the world’s population are currently unconnected. This is a dire statistic in an ever dependent connected world but at the same time is a huge opportunity for NuRAN Wireless and Avanti to connect those that need it most. With even a 2G GSM connection, these populations can finally have access to mobile coverage, basic internet, texting and most importantly be financially included with Mobile Banking generating economic growth. In addition to this, they can have education and health solutions delivered via USSD or IVR.
“NuRAN Wireless and Avanti have a shared vision of connecting the unconnected. Beginning in East Africa, we see this as the start of a very successful and long-term partnership. Avanti’s satellites provide ubiquitous coverage over countries of Sub Saharan Africa, making it the ideal solution for large-scale cellular backhaul deployments”; States Bradley Shaw Regional Manager Middle East and Africa for NuRAN Wireless.
Christian Georgeson, Chief Marketing Officer, Avanti Communications, said: “Avanti’s Ka-band satellite backhaul services, combined with NuRAN Wireless’ small cell technology provides a sustainable solution to extend mobile networks to rural and remote areas across Africa. Bringing internet services into these areas bridges the digital divide, thus, enables community members to become digital citizens.”
No regulatory authority has approved or disapproved the information contained in this news release.
About Avanti Plc
Avanti connects people wherever they are – in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world’s population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek. Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people. The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology. Avanti Communications is listed in London on AIM (AVN:LSE).
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:
Martin Bédard
President and CEO
NuRAN Wireless Inc.
Tel: (418) 914-7484; Toll Free: 1-855-914-7484
Email: [email protected]
Frank Candido
Direct Financial Strategies and Communication
[email protected]
(514) 969-5530
US Investor Contact
Trevor Brucato
Managing Director
RB Milestone Group, LLC
Stamford, CT & New York, NY
[email protected]
www.rbmilestone.com
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.
https://globenewswire.com/news-release/2018/06/19/1526445/0/en/NuRAN-Wireless-and-Avanti-Communications-Sign-Partnership-Agreement.html