NuRAN Signs $4.75M Contract for LiteRAN 2G, LiteRAN xG, and Nexus Core Network

Home/Investor Relations, News/NuRAN Signs $4.75M Contract for LiteRAN 2G, LiteRAN xG, and Nexus Core Network

Quebec, QC, Canada, September 30th, 2019NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE: NUR) (OTC: NRRWF) (FSE: 1RN) announces the closing of a CAD $4,750,000 contract.

Through this contract, NuRAN Wireless will deliver and install complete satellite-backhauled cellular sites including tower and solar power for enhanced mobile connectivity services to remote islands in the Pacific Ocean region. NuRAN will bring mobile and broadband capability to the client through its LiteRAN 2G, LiteRAN xG, and Nexus core network. The announcement follows the previous announcement made on May 15, 2019. The closing of the contract took longer than expected due to a revision of the scope to include additional sites which increased the total contractual value from $4M to $4.75M.

Maxime Dumas, President & CEO of NuRAN Wireless stated: “This contract confirms NuRAN’s leading position in providing mobile and broadband infrastructure solutions and the Company’s unequalled capability to break profitability barriers for clients previously set by traditional vendors. Mr. Dumas continued: “We are enabling mobile operators to expand their network much further while capturing an enviable return on their investment. NuRAN’s software-defined 2G-3G-4G multi-standard radio access network solution, combined with its Nexus core network provide turnkey, state-of-the-art, future-proof infrastructure with capacity that evolves with the needs of the subscribers thereby maximizing the mobile operator’s return while limiting its investment”.

The contract is effective immediately and scheduled to span a total of 20 months, with the majority of the contract value being delivered within the first six months.

 

About NuRAN Wireless

NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.

 

For further information about NuRAN Wireless;

www.nuranwireless.com

Maxime Dumas
President & CEO
info@nuranwireless.com
(418) 914-7484

 

Mark Berry

markberry@rogers.com

(416) 200-6768

 

Forward Looking Statements

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