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Nuran Wireless Inc
Symbol NUR
Shares Issued 138,694,039
Close 2018-10-22 C$ 0.09
Market Cap C$ 12,482,464
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Nuran receives first purchase order from Africa Mobile

2018-10-23 10:14 ET - News Release

Mr. Martin Bedard reports

NURAN RECEIVES INITIAL PURCHASE ORDER FROM AFRICA MOBILE NETWORK

Nuran Wireless Inc. has received an initial purchase order from Africa Mobile Networks (AMN). Nuran's selection by AMN was initially announced on June 14, 2018. This purchase order is the first of many expected from AMN.

The agreement with AMN is for the supply of OC-2G units in a minimum of five countries and up to 3,000 sites based on commercial and operational success. The number of countries could grow to over 13. The OC-2G's commercial availability was announced in November, 2017, and has since undergone trials with multiple Tier 1 operators around the world.

At the recent Telecom Infra Project (TIP) Summit hosted by Facebook in London last week, major mobile network operators such as MTN, Vodafone and Telefonica announced a major shift toward rural connectivity with important commitments. As part of this trend, AMN has completed several trials and rollouts with many Tier 1 mobile operators of the industry as presented during TIP.

Martin Bedard, chief executive officer of Nuran Wireless, stated, "I would like to thank the operations team on helping the company achieve this important milestone as it is just the start for us." Mr. Bedard continued: "With this initial order and the building blocks of the relationship with AMN cemented, Nuran has visibility on 300 million mobile subscribers in sub-Saharan Africa, which we will be striving to connect as many as possible. This is one enormous step in the direction of our corporate vision of connecting the next billion."

Africa Mobile Networks is a group of companies organized with its corporate head office in the United Kingdom and subsidiary operating companies in several sub-Saharan African countries. Africa Mobile Networks is a United Kingdom-registered company and it has the controlling share of each of the local operating companies. AMN plans on investing over $550-million (U.S.) in network infrastructure assets over three years.

About Nuran Wireless Inc.

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.

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