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NuRAN Earns Frost and Sullivan's Technology Leadership Award

Tickers: XCNQ:NUR, PINX:NRRWF
Tags: Technology, Telecommunications



Quebec, QC, Canada / TheNewswire / April 19th, 2018 - NuRAN Wireless Inc. (CSE: NUR) (OTC: NRRWF) (FSE : 1RN) is pleased to announce it has been selected by Frost and Sullivan for the 2018 Sub-Saharan African Tower Infrastructure Enabling Technology Leadership Award, recognizing the significant social and economical impact of its rural-targeted mobile connectivity solutions.

Frost & Sullivan awarded NuRAN with this prestigious recognition for its innovative mobile infrastructure solutions and underlying technologies which are enabling Sub-Saharan mobile operators to expand their network, and subscriber reach, into the more rural and remote areas. In its analysis, Frost & Sullivan underlines the significant impact of NuRAN's technology on not only the African, but worldwide thrust towards digital inclusion of the next billion, and highlights the company's leadership position in rural connectivity.

https://www.prnewswire.com/news-releases/nuran-wireless-earns-frost--sullivans-enabling-technology-leadership-award-for-its-low-cost-cellular-equipment-for-rural-network-deployments-300632622.html

"We are very pleased to be recognized by Frost and Sullivan for our product quality and innovation, and for being considered as best-suited to assist operators grow their subscriber bases outside of traditional urban environment. " stated Martin Bedard, CEO and President of NuRAN Wireless. "The Frost & Sullivan Award confirms that NuRAN is recognized internationally for its technological leadership in mobile wireless, and more specifically for connecting the unserved and underserved in a sustainable manner." added Mr Bedard.

Centric to the award is NuRAN's LiteRAN 2G, a radio access network solution designed specifically to provide cellular connectivity to sparse, remote demographics of developing and third-world countries. The technology is particularly well adapted to areas that are beyond the grid, and out of terrestrial backhaul reach; With a power consumption equivalent to that of a lightbulb, LiteRAN 2G provides service to up to 10,000 inhabitants with a coverage area in excess of 100 square kilometers. The technology also features advanced bandwidth optimization, down to one tenth of what was traditionally required. With operators facing the challenging economics of rural connectivity, NuRAN's breakthrough technologies reduce CAPEX and OPEX such that previously non-profitable rural network expansion projects may now be carried on with economical viability.

Also cited in Frost & Sullivan's analysis is NuRAN's recent achievement around mobile broadband solutions adapted to Sub-Saharan markets. This initiative marks the beginning of NuRAN's portfolio expansion, aimed at addressing the needs of the more data-hungry demographics. "With LiteRAN 2G, NuRAN has broken connectivity barriers by making mobile network infrastructure affordable enough for the next billion people to access voice, text messages, and basic data services. NuRAN is now positioning itself to further disrupt mobile network infrastructure by creating 3G and 4G radio access solutions that will dramatically lower the total cost of ownership for mobile operators", stated Maxime Dumas, Vice-President of Strategy & Corporate Development. In addition to greenfield network deployment, the upcoming solutions will address the significantly larger market segment of existing infrastructure upgrade. With 2G still being the dominant technology in operation, and subscribers demanding higher data throughputs, operators are pressured to offer increased capacity, with little promise of revenue increase. "They therefore seek for upgrade solutions that minimize the overall financial commitment and yield the highest return, which is exactly what NuRAN can bring to them. Strong of our successful business with operators in remote rural, we have a privileged accesses to introduce our broadband solutions as our offering converges towards the more developed and populous demographics", added Mr Dumas.

About NuRAN Wireless

NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.

For further information about NuRAN Wireless;

www.nuranwireless.com or www.nutaq.com

Martin Bedard
President and CEO

Tel: (418) 914-7484 Fax: (418) 914-9477
Toll Free: 1-855-914-7484 Email: info@nuranwireless.com

Direct Financial Strategies and Communication
Frank Candido
Tel: (514) 969-5530 Email: frank.candido@nuranwireless.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 Company's quest to connect the next billion; that this strategic acquisition allows NuRAN to offer a complete mobile and broadband solution and the ability to secure the NuRAN solution as the leader in rural and remote mobile connectivity, that the acquisition reinforces NuRAN's strategic positioning towards new and small operators by offering an end-to-end mobile small-cell network solution with the lowest Total-Cost-of-Ownership (TCO) on the market and that the acquisition will allow NuRAN the opportunity to bring cellular coverage to emerging market where the return on investment (ROI) was previously simply too low. 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; failure to integrate the technology and assets acquired from the Vendors 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), 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.

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