- New partnership to deliver energy-efficient connectivity solutions aimed at rural and remote communities where access to stable electricity remains a hurdle
- Eutelsat will integrate Clear Blue’s energy technology into its GEO Konnect and LEO OneWeb platforms to optimize broadband quality and prioritize applications based on real-time power conditions
TORONTO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. ("Clear Blue" or the "Company") (TSXV: CBLU) (FRANKFURT: 0YA) (OTCQB: CBUTF) is pleased to announce that Eutelsat Group has entered a partnership with Clear Blue Technologies, the industry frontrunner in smart energy solutions. This collaboration will expand and improve connectivity solutions across Africa by launching state-of-the-art, power-efficient broadband services to support businesses, community WiFi networks, even in the most energy-constrained environments.
In regions where access to stable electricity is a hurdle, the convergence of intelligent power management with world-class IP connectivity is paramount. Eutelsat will integrate Clear Blue’s energy technology capabilities into its GEO Konnect and LEO OneWeb platforms. The new solutions will offer reliable, sustainable, and scalable connectivity solutions that empower enterprises and transform communities across the continent.
The new offer will feature:
- Smart Load Shedding: Ensuring consistent and high-speed critical connectivity, even in scenarios with limited power availability, to keep essential services operational.
- Adaptive Broadband Quality: Adaptability that intelligently modulates broadband service in real-time based on power levels, maximizing performance and user experience.
- Intelligent Power Monitoring and Savings: Advanced systems that not only prevent power abuse but also drive energy efficiency, resulting in significant cost reductions for end users.
Cyril Dujardin, President of the Connectivity Business Unit at Eutelsat, said: “Our strategic partnership with Clear Blue marks a significant leap forward in our mission to expand digital inclusion across Africa. Eutelsat’s expertise in power optimization, combined with Clear Blue’s smart energy management technologies, enables us to deliver new, sustainable connectivity solutions. This collaboration will empower communities, bridge digital divides, and ensure access to critical broadband services, regardless of local power infrastructure.”
Miriam Tuerk, CEO of Clear Blue Technologies said: “Connecting the unconnected across Africa represents that largest global growth potential for connectivity services. Power and connectivity together have been shown to be critical to successful roll outs, and more importantly, ongoing service quality and reliability. Eutelsat’s innovative approach to combining Smart Power technology with energy management of its communications technology will deliver unparalleled service at a compelling price point within the market.”
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
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)
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 financial results and future upcoming contracts.
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.”
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
