Clear Blue Technologies has signed a memorandum of understanding with an expected total contract value of over C $ 2 million. CanadianBusinessJournal

The MOU includes a minimum of 300 off-the-grid remote power satellite Internet systems, including 30 prepaid systems.

Clear Blue Technologies Selected as Priority Partner for Smart Solar Off-The-grid Power by iSAT Africa

Toronto, March 1, 2022 (GLOBE NEWSWIRE) — Smart Off-Grid Company ClearBlue Technologies International Inc. (TSXV: CBLU) has entered a memorandum of understanding (“MOU”) signed on February 25, today. Was announced. , 2022 with iSAT Africa, an integrated communications service provider serving Africa and the Middle East. iSAT Africa has also selected Clearblue as its preferred partner for smart solar off-the-grid electricity. MOU is also calling on Clearblue to provide at least 300 off-the-grid, remote power systems for satellite and mobile services in four African countries and order by the end of the first quarter of 2023. .. This order corresponds to the first amount. At $ 2 million, the estimated 5-year lifetime contract amount, including capacity upgrades and ongoing service management with Clearblue, is $ 3 million. The first 30 systems will ship in the first quarter of 2022, the rest of the project will be covered by iSAT, and the remaining rollouts will be successfully funded.

“ClearBlue Technologies is a market leader in delivering smart, reliable off-the-grid power to mission-critical communications infrastructure,” said Rakesh Kucreja, founder and managing director of iSAT Africa. “Through many developments to date with clearblue, we have identified the strengths of clearblue technology and its positive impact on our business model and customer service.”

“ISAT Africa is an important partner in bringing connectivity to unconnected people across Africa,” said Miriam Turku, co-founder and chief executive officer of Clearblue. “Their efforts to transform the way Africa maintains connectivity with other parts of the world are closely linked to our vision of providing clean, managed off-the-grid wireless power to critical satellite systems. It matches .. “.

The economic need to provide telecommunications services to underserved people continues to be a major driver of Africa as a whole. Mordor Intelligence shows that it will spend over US $ 4.47 billion in deployment of telecommunications towers in 2022 to meet growing global telecommunications demand and grow to US $ 5.25 billion, or 3.25% CAGR in 2025. I am.

About iSAT Africa

iSAT Africa is an integrated communications service provider specializing in broadcast and local connectivity, fixed and mobile satellite solutions, and MPLS in Africa and the Middle East. ISAT Africa’s various solutions, including ground and satellite solutions, are backed by powerful satellites, African teleports, and headend infrastructure. iSAT Africa has POP integrated with fiber and satellite services in more than 30 African countries connecting to other parts of the world. Its innovative solutions and resilient networks are used in a variety of industries including government, TELCOS, media, multinationals, networking companies and ISPs. With subsidiaries in Kenya and Zambia and partners in different African countries, iSAT Africa can offer projects with the full satisfaction of its clients. iSAT Africa works closely with partners and service providers to create optimal solutions for customer data, voice, and video type requirements using satellite and terrestrial infrastructure. iSAT Africa’s mission is to transform the way Africa stays connected to the rest of the world through carrier-grade connectivity for voice, data and video applications, opening up business opportunities in diverse and challenging environments of all kinds. Is to expand.

About Clearblue Technologies International

ClearBlue Technologies International, a Smart Off-Grid ™ company, is a clean, managed “wireless” company to meet the global needs for reliable, low-cost solar and hybrid power for lighting, telecom and security. It was established based on the vision of providing “electric power”. , Internet of Things devices, and other mission-critical systems. Currently, Clearblue manages thousands of systems in 37 countries, including the United States and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF).

For more information, please contact:

Miriam Tuerk, Co-founder and CEO
+1 416 433 3952

Sophic Capital, Nikirta Dani
+1 437 836 9669

Legal waiver statement

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Description of future prospects

This press release contains certain “forward-looking information” and / or “forward-looking statements” within the meaning of applicable securities law. Such forward-looking information and forward-looking statements do not represent historical facts or information or current circumstances, but only Clearblue’s beliefs about future events, plans, or objectives. Many are inherently uncertain and external. Of clear blue control. In general, such forward-looking information or forward-looking statements such as “plan”, “expect” or “not expect”, “expected”, “budget”, “planned”, etc. Can be identified using terms related to. , “Estimate”, “Prediction”, “Intention”, “Prediction”, “Unexpected”, “Believe”, or a variation of such a word or phrase, or a particular action, event, or result is “possible” The statement “is” may be included, “done”, “would”, “may” or “taken”, “continue”, “occur” or “achieved”. The forward-looking information contained herein may include, but is not limited to, information about the future phases of the project or the future value of this project to the parties mentioned.

By identifying information and statements in this way, Clearblue is a known and unknown risk that such information and statements may cause actual results, activity levels, performance, or outcomes of Clearblue. It warns the reader that it is affected by uncertainty and other factors. Substantially different from what is expressed or implied by such information or statement.

Investing in ClearBlue securities is speculative and includes, but is not limited to, some risks as described under the Risk Factors heading of the ClearBlue listing application dated July 12, 2018. Is affected by. If the actual results may differ materially from those contained in the forward-looking information and forward-looking statements, there are other factors that may cause the results to be unpredictable, estimated, or unintended. It may exist.

Clearblue makes certain assumptions in connection with the forward-looking information and forward-looking statements contained in this press release. Clearblue believes that the assumptions and factors used in the preparation, and the expectations contained therein, are reasonable, but such information and statements should not be overly relied upon, and with such information. No warranty can be given. Actual results and future events may differ materially from those expected in such information and statements, thus demonstrating that such forward-looking information and statements are accurate. Forward-looking information and forward-looking statements contained in this press release are current as of the date of this press release. All subsequent written and oral forward-looking information and statements arising out of Clearblue or its agents are expressly qualified in their entirety by this notice.

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Clear Blue Technologies has signed a memorandum of understanding with an expected total contract value of over C $ 2 million. CanadianBusinessJournal

Source link Clear Blue Technologies has signed a memorandum of understanding with an expected total contract value of over C $ 2 million. CanadianBusinessJournal

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