TORONTO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (TSXV: CBLU), the Smart Off-Grid Company, today announced that it received its first order from Telia Cameroon (“Telia”) on October 18, 2022, for initial systems as part of its telecommunications service rollout in Cameroon for MTN. Following successful pilot validation, the initial rollout of 50 systems is expected in early 2023.
Clear Blue will supply its Nano-Grid Smart Off-Grid power solution and will be Telia Cameroon’s preferred Solar power provider for its program with MTN Cameroon. These 50 sites have an estimated 5-year lifetime contract value of $1M CAD for Clear Blue.
“Clear Blue Technologies’ systems have incredible value for telecommunications. To support applications in Cameroon, we need systems that are cost-effective and provide reliable solar power without the need for diesel generators,” said Jean Baptiste, Manager of Telia Cameroon. “Clear Blue’s systems are remotely managed and operated by Clear Blue, reducing the initial size and CAPEX, while also significantly reducing OPEX, as we won’t have to go to the site for maintenance and can triage a problem before it occurs.”
“Telia Cameroon is an exciting new strategic partner providing valuable services to help connect the unconnected in Africa. They have a number of telecom deployments and work with major network operators like MTN Cameroon to bring connectivity to more people across Cameroon. We are thrilled to be working with Telia on this rollout program and, hopefully, many more to come in the future", said Miriam Tuerk, co-founder and CEO of Clear Blue. “The desire to move away from traditional diesel generator-based solutions was a key element of Telia’s business plan. Their commitment to using Smart Off-Grid power will help transform access to telecom service across the country. As a market leader in the provision of clean, managed, off-grid wireless power for mission-critical telecommunications systems, Clear Blue is solving one of the biggest barriers to expanding connectivity in emerging markets – the ability to access cost-effective, reliable solar power. Telia Cameroon is bringing connectivity access across Cameroon, and we are excited to see what the future holds with them.”
About Telia
Telia Cameroon provides customers with 4G LTE private cellular technology solutions to meet their business needs, Push-to-Talk over Cellular (PoC) and digital integration of telecom mobile network solutions from GSM 3G to 4G in rural areas. Its customers include both public and private organizations, and its products offer turnkey solutions to customers for increased communication, connectivity, safety and convenience. Learn more at www.telia.cm.
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF).
For more information, contact:
Miriam Tuerk, Co-Founder and CEO
+1 416 433 3952
investors@clearbluetechnologies.com
www.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital
+1 437 836 9669
Nik@SophicCapital.com
Legal Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
This press release contains certain "forward-looking information" and/or "forward-looking statements" within the meaning of applicable securities laws. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Clear Blue’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Clear Blue's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, information concerning the future phases of the project or future value of this project for any mentioned parties.
By identifying such information and statements in this manner, Clear Blue is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Clear Blue to be materially different from those expressed or implied by such information and statements.
An investment in securities of Clear Blue is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in Clear Blue's listing application dated July 12, 2018. Although Clear Blue has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, Clear Blue has made certain assumptions. Although Clear Blue believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward-looking information and statements attributable to Clear Blue or persons acting on its behalf is expressly qualified in its entirety by this notice.
