23:23:55 EDT Wed 12 May 2021
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Clear Blue Technologies International Inc
Symbol CBLU
Shares Issued 34,850,353
Close 2020-10-29 C$ 0.175
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Clear Blue to provide telecom services to Orange

2020-10-29 17:30 ET - News Release

Ms. Miriam Tuerk reports


Clear Blue Technologies International Inc. has entered into an agreement with Nuran Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions. Nuran and Clear Blue will provide rural telecommunications systems and continuing operational services in Cameroon to Orange SA, one of the world's largest mobile network operators.

Clear Blue will provide its smart off-grid solar-powered telecom solution as part of the network-as-a-service (NaaS) project. Phase 1 rollout across 120 sites will take 12 months, commencing in fourth quarter 2020.

The initial contract value for Clear Blue's participation in phase 1 is approximately $650,000. The rollout is expected to begin in early 2021 once final financing contracts are executed. Subsequent phases planned for year 2 and year 3 of rollout are valued at an additional estimated $800,000 combined for Clear Blue, bringing the total contract value to $1.45-million. Clear Blue's continuing Illumience management services will be provided to Nuran on a continuing basis.

"Clear Blue's smart off-grid technology with its unique and critical predictive analytics capabilities offers the lowest upfront cost, lower ongoing costs and the best power availability due to its remote monitoring and power management services," said Francis Letourneau, chief executive officer of Nuran.

Nuran's NaaS facilitates network expansion for telecommunications operators by building and managing the continuing operations and maintenance of cellular sites. These sites are then monetized by providing connectivity as a continuing service for the mobile operator. Nuran facilitates this NaaS model by leveraging its carrier-grade mobile network infrastructure solutions, its extensive expertise in the building of cost-effective cellular infrastructure and by collaborating with Clear Blue, an expert in continuing managed energy as a service. Together, the team can set up network operations from the ground up with a better return on investment, which reduces costs for rural telecommunications operators.

Added Mr. Letourneau: "Nuran is operating these rural telecom systems as an ongoing service and so it is critical that we have reliable, managed power for our systems. Clear Blue's energy-as-a-service solution is a key to our partnership because it reduces overall costs while maintaining this reliable power for a strong, viable and profitable business model. Clear Blue has a proven track record of delivering in previous projects worldwide, and Nuran is pleased to work with Clear Blue on this exciting initiative."

Miriam Tuerk, chief executive officer of Clear Blue, concluded: "Clear Blue's goal to facilitate global connectivity continues through strong partnerships with telecom integrators and mobile network operators like Nuran and Orange Cameroon respectively. These partnerships help drive economic prosperity and enable the future of connectivity for all. We look forward to expanding this partnership with Nuran, as a leader in rural telecommunications, to other African countries in critical need of connectivity."

About Clear Blue Technologies International Inc.

Clear Blue Technologies International, the smart off-grid company, was founded on a vision of delivering clean, managed, wireless power to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 34 countries, including the United States and Canada. Clear Blue is publicly traded on the TSX Venture Exchange under the symbol CBLU and on the Frankfurt Stock Exchange under the symbol 0YA.

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