Quebec, QC, January 17th, 2019 – NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE: NUR) (OTC: NRRWF) (FSE: 1RN) is pleased to announce the conclusion of a conditional trilateral sales agreement with an undisclosed African Mobile Network Operator (the “MNO” or the “Client”) and Spacecom, operator of the AMOS satellite fleet. NuRAN will be offering a turnkey solution to the undisclosed MNO under the Mobile Network Enabler (“MNE”) business model which was launched on October 9, 2018.
Martin Bedard, Chief Executive Officer and President of NuRAN Wireless, stated: “This is our first major project under the MNE model and could result in up to $9 million CAD in sales over 12 months and a total of ten times that, or close to $90 million CAD, over the lifetime of the scale up.” Mr. Bedard continued: “It is through contracts like these with global players in the space that the Team’s efforts really become apparent. Over the years, Spacecom has launched five satellites and partnered with innovators like SpaceX and Facebook. The entire Team at NuRAN is proud to be their most recent partner.”
In the conditional trilateral agreement, NuRAN will be supplying the MNO with the mobile infrastructure, installation and managed services. Spacecom will be providing all satellite bandwidth and connectivity aboard their new AMOS-17 communications satellite, manufactured by Boeing Satellite Systems International, a world leading manufacturer. AMOS-17, currently undergoing testing and final integration stages, is scheduled to be launched in the second quarter of 2019. Once operational, AMOS-17 will be the most advanced digital high-throughput satellite to provide satellite communication services to Africa.
Assuming the MNO can secure financing, the initial order will be for 200 sites, which will result in approximately $9 million CAD in revenue for the Company over a 12 month period. The expected scope of the entire project scale up is for a total of 2,000 or more sites, which could represent upwards of $90 million CAD in revenue. Feasibility of the project is dependent on a variety of outside factors.
Under the MNE model, the Client will be purchasing hardware on a five (5) year lease period (the “Period”) whereby after the Period, the Client may acquire the equipment entirely. During the Period, NuRAN will be responsible for providing everything to sustain the network including, but not limited to: towers, solar cells and batteries.
No regulatory authority has approved or reviewed the contents of the information contained in this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Spacecom (Space-Communication Ltd.), operator of the AMOS-3 and AMOS-7 satellites co-located at 4°W, and AMOS-4 at 65°E, provides high-quality broadcast and communication services to Europe, the Middle East, Africa, and Asia via direct-to-home (DTH), Internet service providers (ISPs), mobile network operators (MNOs), telecom operators, network integrators and government agencies.
With the addition of AMOS-17 in 2019, Spacecom will further expand its reach reinforcing its position as a leading multi-regional satellite operator.
For more information, please visit: http://www.amos-spacecom.com/