18:26:18 EDT Mon 17 Aug 2026
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Nuran Wireless Inc (3)
Symbol NUR
Shares Issued 13,084,716
Close 2026-08-14 C$ 7.60
Market Cap C$ 99,443,842
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Nuran Wireless begins trading on Nasdaq Capital Market

2026-08-17 15:51 ET - News Release

Mr. Francis Letourneau reports

NURAN WIRELESS ANNOUNCES NASDAQ LISTING AND WEST AFRICAN US$ 5M PROJECT KICKOFF FOR STATE-OWNED MOBILE OPERATOR

Nuran Wireless Inc.'s common shares have commenced on the Nasdaq Capital Market under the symbol NUR. The company has also kicked off a new three-year rural mobile network infrastructure project for a state-owned mobile network operator in West Africa.

Nuran funds, builds, manages and owns rural mobile network sites in rural areas. All of these sites run on solar power. Mobile phone companies hire Nuran to reach small towns and villages that are hard and costly to serve.

The Nasdaq listing puts Nuran in front of more U.S. investors. The new West Africa project puts more Nuran towers in the ground. Both happened on the same day.

Key points:

  • Nuran common shares now trade on the Nasdaq Capital Market under the symbol NUR, in addition to the Canadian Securities Exchange and the Frankfurt Stock Exchange.
  • Nuran has kicked off a new three-year rural mobile network $5-million (U.S.) project in West Africa.
  • The customer is a state-owned mobile network operator.
  • The project is planned to include more than 200 rural sites using 2G and 4G service.
  • Nuran has more than 5,000 sites under contract across eight countries with Orange and MTN, two of Africa's largest mobile network operators.
  • Nuran has installed its first 2G/4G towers in Ivory Coast and Benin and has started a 3G/4G rollout in Cameroon.

Why this matters

About 850 million people in Africa are still off-line or without mobile Internet.

Rural coverage is hard to build. The land is tough. Power is often scarce. Costs are high. Many mobile operators cannot make the numbers work on their own.

That is where Nuran comes in. Nuran uses a network-as-a-service model. In plain words: the mobile phone company does not pay to build the whole network itself. Nuran builds it, runs it and keeps it working. The mobile company pays for the service over time.

The West Africa kickoff shows this model at work with a government-owned operator. The company views the site count and the three-year term as the meaningful part of this award and as a possible step toward further work in the region. That is a belief and a plan, not a promise.

What happens next:

  • Nuran plans to build out the West Africa sites over the next three years as part of its strategic growth plan.
  • Nuran plans to keep installing towers in Cameroon, the Democratic Republic of the Congo, Ivory Coast, Benin, Madagascar and Ghana.
  • Nuran plans to continue its 3G/4G rollout across its various operations to support the growing demand on data consumption.

These plans are forward looking. Timing, scale and cost can change.

Market opportunity summary

Africa represents one of the world's largest connectivity opportunities, with approximately 850 million people still off-line or unconnected to mobile Internet. Nuran addresses this gap through low-cost, solar-powered rural mobile infrastructure that helps mobile network operators reach communities beyond the limits of conventional deployment.

Nuran is uniquely positioned to help transform rural communities by enabling their inhabitants to become more connected, productive and economically active participants in their national economies. The company's role extends beyond providing mobile connectivity and expanding the coverage footprint of mobile network operators. Each Nuran site represents a long-term infrastructure asset located at the heart of a rural community -- creating a platform from which additional technologies, digital services and economic opportunities can be introduced.

Connectivity remains Nuran's foundation. By connecting people, Nuran broadens their access to information, markets, education, financial services and opportunities beyond the boundaries of their communities. But the company's ambition goes further: to evolve from being primarily a rural telecommunications infrastructure provider into a technology enabler for rural communities.

An important part of this evolution is the introduction of AI (artificial intelligence) at the network edge and RAN AI. By bringing computing and intelligence closer to the communities it serves, Nuran sites can evolve from passive connectivity infrastructure into intelligent edge platforms. AI helps optimize network performance, energy consumption and operational efficiency while edge computing can enable locally delivered applications and services without requiring all data and processing to traverse expensive or capacity-constrained backhaul networks.

Over time, this distributed infrastructure will also support community-focused AI and digital applications in areas such as agriculture, education, health care, financial inclusion, environmental monitoring and government services. The combination of connectivity, local computing and AI creates the foundation for services specifically adapted to the needs and realities of rural communities.

Nuran's physical presence within these communities gives Nuran a unique understanding of their needs and challenges. This allows the company to develop and deploy locally relevant solutions that build upon infrastructure already in place.

In this way, a Nuran site becomes more than a telecommunications site: It becomes an intelligent platform for connectivity, computing, AI and economic development -- helping rural communities participate more fully in the digital and national economy.

Management commentary

"Africa represents one of the most important connectivity opportunities in the world, with hundreds of millions of people still off-line or without reliable mobile Internet access," said Francis Letourneau, director and chief executive officer of Nuran. "For Nuran, this is the market we were built to serve. Our low-cost, solar-powered rural infrastructure model is designed to help mobile network operators extend essential connectivity into communities where traditional deployment economics have not worked."

Mr. Letourneau added: "The start of Nasdaq trading gives us a platform to introduce U.S. investors to the size of Africa's rural connectivity gap and to our track record in addressing it. With more than 5,000 sites under contract across eight countries with Orange and MTN and a new three-year project now under way in West Africa, we are focused on execution."

About Nuran Wireless Inc.

Nuran Wireless is a rural telecommunications infrastructure company. It delivers 2G, 3G and 4G wireless connectivity to remote and underserved communities.

Through its scalable network-as-a-service model, Nuran builds, deploys, operates and maintains rural mobile network infrastructure for mobile network operators seeking to expand coverage outside urban markets.

Nuran combines telecommunications engineering, low-power wireless technology, renewable-energy-enabled infrastructure, site selection and field operations to address the economic and technical challenges of rural mobile coverage.

We seek Safe Harbor.

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