Quebec, QC, Canada / TheNewswire / April 20, 2017 - NuRAN Wireless Inc. ('Nuran Wireless" or the "Company") (CSE:NUR) (OTC:NRRWF), through its wholly owned subsidiary Nutaq Innovation, is proud to announce it has entered into an agreement with Viettel's Network Technologies Center ("VTTEK") for a 5G Massive MIMO project for the development of a 5G Massive MIMO base station prototype.
Nutaq Innovations has entered into an agreement with Viettel's Network Technologies Center (VTTEK) for a joint collaboration program for the development of a 5G Massive MIMO base station prototype. Both organizations are joining forces in this program that covers the implementation of baseband processing for 5G Massive MIMO as well as the design of a 5G Baseband Processor Unit (BBU) and Remote Radio Units (RRH).
Viettel has a significant presence in 12 countries in Asia, Africa and America and serves over 90,000,000 users making it one of the largest telecommunication companies in the World. Viettel also has considerable experience with universalizing telecommunications in many developing countries, therefore understanding that connecting people is a basic need.
Achieving 5G's anticipated speeds of up to 1000Gbps and a thousand-fold increase in capacity requires the development of a multitude of new components and techniques to improve spectral efficiency, accommodate more users including connected devices (Internet of Things), increase data rates, and reduce power consumption.
As part of its contribution to the joint collaboration program, Nutaq will supply its TitanMIMO, the world's most complete 5G testbed that can support up to 1000 transceivers (or antenna elements) and enables real-time, wideband, Massive MIMO implementation. The system also allows measurement in different channel conditions. In line with its mission for supporting innovation in wireless communication technology, Nutaq will additionally provide dedicated technical staff to support the joint research program.
Francis Letourneau, VP Sales and Marketing of NuRAN Wireless, said "Viettel is a key partner for NuRAN Wireless and our Nutaq subsidiary. Both NuRAN and Viettel will benefit from joining forces and combining their experience and expertise. We are expecting to see concrete results from this collaboration both in terms of the evolution of Nutaq's 5G massive MIMO testbed, as well as NuRAN's future 5G cellular network products."
"NuRAN Wireless and Nutaq Innovations are committed to 'connecting the billion' by leveraging more than 25 years of wireless innovation. This latest joint collaboration is one more example of how we are at the forefront of what is happening today in wireless. We recently announced our successful international process patent application which further demonstrates our ability to innovate and work at the cutting edge of wireless evolution" states Tristan Martin, Director of Business Development at Nutaq Innovations.
Nutaq is a wholly owned subsidiary of NuRAN Wireless. Leveraging on decades of digital signal processing (DSP) expertise, Nutaq develops rapid-prototyping, test and validation solutions that are cutting the time-to-market of its customers, thereby helping fuel next generation's wireless innovations such as software-defined radios (SDR), 5G Massive MIMO, HetNet and IoT, to customers in the wireless, scientific, medical and defense markets. The Company operates three complementary lines of business; Wireless Network Products, Advanced Development Platforms ("ADP") and Engineering Services.
About NuRAN Wireless
NuRAN Wireless, with its wholly owned subsidiary Nutaq Innovation, is a leading supplier of mobile and broadband wireless solutions. Its innovative GSM, LTE, and White Space radio access network (RAN) and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for mobile network operators and internet service providers.
The company provides a variety of specialist systems for indoor coverage, rural and urban connectivity in emerging markets, connectivity to offshore platforms and ships, and for emergency and crisis communications.
For Further Information about Nuran Wireless or Nutaq Innovations;
Martin Bedard and Patrice Rainvile
Co-Presidents and Co-CEOs
Direct Financial Strategies and Communication
Tel: (514) 969-5530
No regulatory authority has approved or disapproved the information contained in this news release. The CSE does not accept responsibility for the adequacy or accuracy of this 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; statement that 2016 will prove to be another major turning point as the Company's sales pipeline continues to grow substantively; statement that the Company's products and solutions are being tested for future deployments in many countries on the five continents worldwide; the Company's expectation to continue its revenue growth and reach its primary business objective of profitability by the end of 2016; statement that the Company will continue to deploy its current 2G products while concurrently working on its next generation product line to continue to fuel future demand for rural connectivity; statement that Nutaq Innovation will continue to pursue its long standing status of innovation with 4G and 5G development. 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; 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 (www.sedar.com), 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.