TORONTO, April 12, 2022 (GLOBE NEWSWIRE) -- Clear Blue Technologies (TSXV: CBLU), the market leader in smart off-grid power technology, today announced Viasat (NASDAQ: VSAT), has selected Clear Blue’s Nano-Grid and new Pico-Grid power products to provide reliable, low-cost, clean energy solutions and management services at Viasat’s satellite-based Community Internet locations in Nigeria.
For this initiative, Clear Blue will provide its ground-breaking product, Pico-Grid. Pico-Grid uses Clear Blue’s cloud-based, smart off-grid systems and hardware architecture, designed specifically for Internet of Things (IoT) and Wi-Fi/satellite internet applications. A new product, Pico-Grid joins Clear Blue’s Illumient Smart City and Nano-Grid telecom products as the Company’s third line of innovative smart off-grid power technologies. Pico-Grid has the potential to support many more thousands of users in both the growing satellite internet sector and other new IoT verticals.
“Viasat’s Community Internet solution helps bring digital and social inclusion to remote and hard-to-reach communities by making high-quality satellite internet available,” said Miriam Tuerk, co-founder and CEO of Clear Blue Technologies. “Clear Blue is working with Viasat to provide smart off-grid power systems and management services at these sites. The market opportunity that satellite creates has been a core strategic focus for us over the past three years, and it is exciting to see the pico-grid products in the field as a result.”
Closing the Access Gap: Power and Connectivity
Viasat’s Community Internet solution aims to connect underserved and unconnected people around the globe, in locations where large gaps exist between demand and the affordability and availability of internet services. Specifically in Nigeria, Viasat selected Clear Blue’s Nano-Grid and Pico-Grid technology to provide an environmentally friendly, reliable source of power with corresponding management services, to help keep users connected.
About Clear Blue Technologies International (TSXV: CBLU)
Clear Blue delivers clean, managed, wireless power – anywhere and anytime. Using patented Smart Off-Grid technology, delivered through the Energy-as-a-Service business model, to manage lighting, telecom, Internet of Things devices, and other critical systems worldwide. Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. Clear Blue is publicly traded on the Toronto Venture Exchange under the symbol CBLU, on the Frankfurt Stock Exchange (FRA: 0YA) and on the OTC venture exchange (OTCQB: CBUTF). Learn more at www.clearbluetechnologies.com.
Investor Relations:
Miriam Tuerk
Co-Founder and CEO
+1-416-433-3952
miriam@clearbluetechnologies.com
www.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital
+1 437 836 9669
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 contracts or project or future value of contracts or 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.
