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
3952investors@clearbluetechnologies.comwww.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital+1 437 836
9669Nik@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.
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