Quebec, QC, Canada, February 16, 2016 – NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE:NUR), a leading supplier of mobile and broadband wireless solutions to connect the next billion, is pleased to announce it has received a repeat purchase order to provide mobile coverage to hundreds of ships from its long time partner On-Waves, an Iceland-based maritime mobile network operator.
NuRAN Wireless GSM Superfemtos have been used for many years already to deliver voice and data service to the passengers and crew members of several hundred ships, by connecting the vessels to the On-Waves mobile core network through a satellite backhaul being bandwidth optimized directly on the basestation. Since satellite communications are extremely costly, keeping the overall amount of data transmitted to a minimum, albeit without compromising the quality of the user’s experience, dramatically reduces the operations expenses (OPEX) and contributes to make the Superfemto the lowest cost GSM solution available on the market.
“The Superfemto delivers the level of performance and reliability that maritime demand. Yet, it is cost efficient to the point that we can target ship sizes and types that were previously considered non-profitable”, stated Kristinn Ingi Larusson, CEO of On-Waves.
“NuRAN is well known for connecting remote areas like rural communities, but our products are meant to make the GSM technology ubiquitous by turning even the most challenging sites into profitable deployments. With our solutions, it becomes possible to reach everyone, everywhere and the sea is not an exception to our mission.” said Martin Bédard, Co-President of NuRAN Wireless.
About NuRAN Wireless
NuRAN Wireless is a leading supplier of mobile and broadband wireless solutions. Its innovative GSM, LTE, and White Space radio access network (RAN) and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for mobile network operators and internet service providers.
The company provides a variety of specialist systems for indoor coverage, rural and urban connectivity in emerging markets, connectivity to offshore platforms and ships, and for emergency and crisis communications.
On-Waves is a leading telecommunications service provider in wireless maritime mobile network communications offering GSM and CDMA coverage, along with a comprehensive suite of enhanced services to Cruise Ships & Ferries, Cargo Ships, Offshore Installations, Fishing vessels, Private yachts, Business Aviation jets and remote terrestrial locations.
On–Waves is a subsidiary of Siminn h.f. (Iceland Telecom), a well known International mobile phone carrier with more than 500 GSM roaming agreements.
For further Information about NuRAN Wireless or Nutaq Innovations;
Martin Bédard and Patrice Rainville
Co-Presidents and Co-CEOs
No regulatory authority has approved or disapproved the information contained in this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of NuRAN Wireless to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include: the Company’s quest to connect the next billion; statement that 2016 will prove to be another major turning point as the Company’s sales pipeline continues to grow substantively; statement that the Company’s products and solutions are being tested for future deployments in many countries on the five continents worldwide; the Company’s expectation to continue its revenue growth and reach its primary business objective of profitability by the end of 2016; statement that the Company will continue to deploy its current 2G products while concurrently working on its next generation product line to continue to fuel future demand for rural connectivity; statement that Nutaq Innovation will continue to pursue its long standing status of innovation with 4G and 5G development. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of NurRAN Wireless to obtain necessary financing; general economic conditions in Canada and globally; competition for, among other things, capital and skilled personnel; our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company’s competition; and the Company’s failure to adequately protect its intellectual property; interruption or failure of information technology systems and other risk factors described in the Company’s reports filed on SEDAR (www.sedar.com), including its financial statements for the year ended October 31, 2015, and those referred to under the heading “Risk Factors”. These forward-looking statements should not be relied upon as representing NuRAN Wireless’ views as of any date subsequent to the date of this press release.