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Nuran Wireless Inc
Symbol NUR
Shares Issued 106,766,869
Close 2017-03-22 C$ 0.245
Market Cap C$ 26,157,883
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ORIGINAL: NuRAN Wireless Selected by Globe Telecom for Rural Mobile Deployment

2017-03-23 10:00 ET - News Release

(via TheNewswire)



Quebec, QC, Canada / TheNewswire / March 23 rd , 2017 - NuRAN Wireless Inc. ("NuRAN Wireless" or the "Company") (CSE:NUR) (OTC: NRRWF), a leading supplier of mobile and broadband wireless solutions, is pleased to announce that its equipment has been selected by Globe Telecom to perform the next phase of the operator's ongoing rural connectivity program.

Globe's selection of NuRAN solution follows a successful 2-site trial conducted with the same equipment in the 4 th quarter of 2016. This new phase, still considered a small-scale experiment, consists of the deployment and live operation of 50 sites within various Barangays or Villages in the Philippines, all of which to be connected using a de-centralized GSM network topology. The 50 sites will use NuRAN's LiteCell 1.5 base stations, along with the recently-announced NuRAN Open Access (NOA) software suite, which includes the Community Cellular Manager (CCM). NOA and CCM create a new and innovative way of connecting the Next Billion, which Globe will leverage to manage prepaid charging while forging business partnerships with local and regional organizations to carry out on-ground operations.

"We are proud to be partnering with Globe Telecom on this important initiative. The Philippines is an important market for NuRAN with a large rural and remote population desperate for connectivity. This deployment further strengthens our relationship with Globe Telecom, the number one mobile brand in the Philippines" stated Martin Bedard, co-CEO of NuRAN Wireless.

In 2016, NuRAN Wireless and Globe Telecom announced the completion of a successful trial for TV White Space ("TVWS") backhaul. Both of these initiatives have the common goal of connecting largely remote and unserved or underserved population of the Philippines.

About Globe Telecom Inc.

Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and Singtel who are acknowledged industry leaders in the country and in the region.

About NuRAN Wireless

NuRAN Wireless, with its wholly owned subsidiary Nutaq Innovation, is a leading supplier of mobile and broadband wireless solutions. Its innovative radio access network (RAN) and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for mobile network operators and internet service providers.

The Company provides a variety of specialist systems for indoor coverage, rural and urban connectivity in emerging markets, connectivity to offshore platforms and ships, and for emergency and crisis communications.

For further Information about NuRAN Wireless or Nutaq Innovations:

www.nuranwireless.com or www.nutaq.com

Martin Bedard and Patrice Rainville Co-Presidents and Co-CEOs

Tel: (418) 914-7484 Fax: (418) 914-9477

Toll Free: 1-855-914-7484

Email: info@nuranwireless.com ; info@nutaq.com

or

Direct Financial Strategies and Communication Frank Candido

Tel: (514)-969-5530

Email: directmtl@gmail.com

No regulatory authority has approved or reviewed the contents of the information contained in this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

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.

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