Quebec, QC, Canada / TheNewswire / February 10th, 2017 – NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE: NUR) (OTC:NRRWF), a leading supplier of mobile and broadband wireless solutions to connect the next billion, is pleased to announce that it has received over $1 Million (one million) dollars of new purchase orders from various clients for its wholly owned engineering subsidiary,  Nutaq Innovation Inc. (“Nutaq”).

 

The contracts include wireless and multichannel testbed platforms and engineering services for multiple applications including ‘Ground to Air’ 4G communications, Multichannel Sensors and Radar Applications as well as LTE testing and private networking solutions.

 

Nutaq is a leading provider of advanced digital signal processing (“DSP”) solutions and wireless technologies, including software defined radios (“SDR”). Nutaq operates three complementary lines of business: (i) Wireless Network Products, (ii) Advanced Development Platforms (“ADP”) and (iii) Engineering Services.

 

These new contracts continue to demonstrate NuRAN’s ability to work on the most advanced and cutting edge engineering in the wireless field.  NuRAN is recognised worldwide as a market leader in technology innovation in wireless and multi channel solutions.

 

The company’s engineering know-how has led to development of the world’s lowest capex and opex products for remote and rural connectivity.  The company is also working to develop the next generation of products to maintain its worldwide leadership.

 

“Nutaq has always been at the heart of what we know best. It is through this expertise developed over the past 25 years that we are now in a position to exploit a huge need to connect the next billion with cellular and data. Our products were born from this know-how. We expect 2017 to be a transformative year for NuRAN as we convert our ever increasing sales pipeline to purchase orders”, states Martin Bedard.

 

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.

www.nuranwireless.com or www.nutaq.com

Martin Bédard and Patrice Rainville
Co-Presidents and Co-CEOs

Tel: (418) 914-7484  Fax: (418) 914-9477
Toll Free: 1-855-914-7484  Email: info@nuranwireless.com ; info@nutaq.com

 

No regulatory authority has approved or disapproved the information contained in this news 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; that this strategic acquisition allows Nuran to offer a complete mobile and broadband solution and the ability to secure the Nuran solution as the leader in rural and remote mobile connectivity, that the acquisition reinforces NuRAN’s strategic positioning towards new and small operators by offering an end-to-end mobile small-cell network solution with the lowest Total-Cost-of-Ownership (TCO) on the market and that the acquisition will allow NuRAN the opportunity to bring cellular coverage to emerging market where the return on investment (ROI) was previously simply too low.   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; failure to integrate the technology and assets acquired from the Vendors 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), 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.