Quebec, QC, October 27, 2015 – NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) is pleased to announce that its wholly owned subsidiary Nutaq Innovation Inc. (“Nutaq”), has been selected for $660,000 engineering contract by an Asian Defense Contractor.
The engineering contract consists of developing a wireless application based on Nutaq’s long established expertise. Nutaq’s main objective is to continue to maintain its leadership in the wireless landscape. Nutaq is expected to provide a customized Programmable Radio Platform (PRP) and a Waveform Development Kit (WDK) for wireless communication waveform definition & design, development, integration, and performance verification. The goal is to create a high performance Field Programmable Gate Array (FPGA) based platform which is modular, flexible and evolvable, combined with a flexible RF frontend that will allow our customer to develop the waveform efficiently. These tools are expected to greatly accelerate the development of applications, shorten the development cycle and reduce project costs. The Waveform Development Kit includes robust waveforms operating in point to point and line-of-sight settings, in various frequency bands, which can be used for secure and reliable communications by public safety and defense organizations.
Martin Bedard, Co-President and Co-CEO of NuRAN Wireless, said, “This order reaffirms NuRAN Wireless’ commitment to remain a partner of choice in developing and deploying next-generation wireless devices for different markets worldwide. The ability and expertise demonstrated through numerous years of experience and through developing NuRAN Wireless’ own proprietary product line, is a testament to the vision of the NuRAN Wireless team. It also demonstrates our ability to convert ideas into scalable and reliable products.”
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 specialized systems for indoor coverage, rural connectivity in emerging markets, connectivity to offshore platforms and ships, private mobile networks or custom solutions for specific markets such as Internet of Thing (IoT), public safety, emergency or crisis communications.
The company is headquartered in Quebec, QC with offices in Europe.
Further information about the NuRAN Wireless is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.nuranwireless.com. Or through NuRAN Wireless, please contact:
Martin Bédard and Patrice Rainville
Co-President and Co-CEO
Via:
Investor Relations
https://nuranwireless.com/investor-relations/overview/
Tel: (418) 914-7484 ext. Fax: (418) 914-9477
Toll Free: 1-855-914-7484 Email: Info@nuranwireless.com; info@nutaq.com
No regulatory authority has approved or disapproved the information contained in this news 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 intention to expand the business and operations of NuRAN Wireless and its product line and the completion of Nutaq’s engineering agreement with an Asian contractor. 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 NuRAN 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, 2014, 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.
