Quebec, QC, Canada, February 11, 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 an additional contract to supply its 5G Solution called TitanMIMO-6 to a US-based client in the wireless industry.
TitanMIMO-6 Highlights Include:
TitanMIMO-6 is the first platform to overcome two key challenges facing the wireless industry today. In order to build the Massive MIMO macrocells needed to support the tremendous amount of expected traffic in 5G, the industry urgently needs macro base stations with the following features;
- Perfect calibration & synchronization of the antennas and the base stations
- Bandwidth and power to process hundreds of antennas in real-time
“The purchase order confirms NuRAN’s leading position to fuel innovation in the wireless industry with our 5G Massive MIMO development system. As we continue to solidly increase the sales momentum of our indoor and outdoor 2G solutions to connect rural and remote locations, we are also confirming our position at the leading edge of mobile development” stated Martin Bedard, Co-President of NuRAN Wireless.
This order includes the provision of powerful base station prototypes supporting up to 1000 antennas as well as a reference implementation of Massive MIMO calibration and synchronization, a first of its kind.
The 5G Massive MIMO development system provided by NuRAN Wireless is an essential development tool for wireless developers to test, validate, and develop next generation wireless equipment in an environment which addresses the operators’ objectives according to Next Generation Mobile Network (NGMN).
Massive multiple input, multiple output (MIMO) is an exciting area of 5G wireless research. For next-generation wireless data networks, it promises significant gains that offer the ability to accommodate more users at higher data rates with better reliability while consuming less power.
“NuRAN Wireless fundamental strategy has always been to improve coverage and power efficiency for wireless operators. Our 5G Massive MIMO test and validation system aims to provide our clients with the most efficient solution for 5G innovation. NuRAN’s core in-house competency in engineering (Nutaq Innovations) will also play a fundamental role in accelerating our client’s project objectives.” says Francis Letourneau, Vice-President Sales and Marketing.
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.
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.