Mr. Matt Glover reports

TERAGO WELCOMES ISED'S 24 GHZ SPECTRUM POLICY UPGRADE TO PRIORITY 1

TeraGo Inc. has provided an update on corporate developments and reiterated confidence in its 5G strategy following the issuance of Innovation, Science and Economic Development Canada's (ISED) 2023 to 2027 spectrum outlook.

The Outlook provides additional clarity and insight as to ISED's overall approach and planning activities related to its management of Canada's radio spectrum over the next five years. The announcement provides a major tailwind for TERAGO's 5G Fixed Wireless Strategy thanks to its ownership of 24 GHz mmWave spectrum in Canada. With the advancement of the 24 GHz mmWave spectrum to Priority 1, TERAGO intends to further manifest its corporate 5G private network strategy fueling industry innovation by significantly improving productivity, quality, safety and cost savings.

"TERAGO works tirelessly to bring innovation and competition to the Canadian marketplace, fueled by its unique customer focus and its differentiated frequencies," said TERAGO CEO Daniel Vucinic. "The 24 GHz mmWave spectrum upgrade to Priority 1 is much-needed clarity from ISED that provides TERAGO with confidence to increase its investments in next-generation service offerings, such as 5G and private networks, and is an overall significant positive impact for Canadian businesses. This investment builds on the research and development and key learnings from our first-of-its-kind Private Network pilot project with McMaster University. TERAGO is primed to be a central partner in this exciting ecosystem, and this encouraging milestone is one of the many catalysts to kickstarting our Smart Growth strategy, creating significant value for customers, and giving us the visibility to reaffirm our long-term commitment to innovation in the marketplace."

About TERAGO

TERAGO provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. As Canada's biggest mmWave spectrum holders, the Company possesses exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO, please visit www.terago.ca.

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