05:54:32 EDT Fri 10 May 2024
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Nuran Wireless Inc (2)
Symbol NUR
Shares Issued 44,017,191
Close 2024-02-23 C$ 0.14
Market Cap C$ 6,162,407
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Nuran rolls out Solstice solar-powered phone charger

2024-02-26 10:04 ET - News Release

Mr. Francis Letourneau reports

NURAN LAUNCHES SOLSTICE; AN INNOVATIVE SOLAR POWERED PHONE CHARGING SOLUTION

Nuran Wireless Inc. has launched its new groundbreaking product, Solstice, a solar-powered phone charging solution designed to enhance the lives of many remote and rural communities in emerging countries throughout Africa where Nuran is currently focused on bringing mobility connectivity.

"Solstice represents a significant leap towards a more sustainable and interconnected future. By seamlessly incorporating solar technology into our telecom infrastructure, we are not only enhancing connectivity, but also addressing the fundamental power requirements of off-grid areas. This important innovative charging solution further demonstrates Nuran's commitment to these rural and remote communities. Solstice will directly benefit the local communities while further driving revenue to Nuran and its partners by ensuring that mobile subscribers will have the power necessary to stay connected," states Francis Letourneau, chief executive officer of Nuran Wireless.

Solstice was developed through a strategic collaboration with another Quebec-based company specializing in charging solutions. By combining the expertise of the two entities, Nuran can now provide a reliable charging solution to remote communities where access to electricity is limited. This initiative directly addresses the energy needs of off-grid communities, providing them with a sustainable and environmentally friendly solution to keep mobile devices charged and thus further enabling access to mobility connectivity offered by Nuran in these regions.

Solstice will play a crucial role in extending the benefits of mobile communication to all members of remote communities. It provides two separate charging stations capable of charging up to 225 phones per day. This solution also incorporates innovative software functionality, allowing users to easily connect to the charging stations, streamlining the monitoring of payment solutions, tracking usage and maintaining connection to the charging station network.

Empowering connectivity

In line with Nuran's commitment to improving lives in emerging countries and after the initial capital investment is covered, the profits generated through Solstice will be reinvested in the local communities to address the specific needs identified within each community.

Nuran will also make Solstice available to other mobile operators in Africa, which may further drive a new stream of potential revenues to the company.

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

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