- Clear Blue Technologies (CBLU) has secured an C$8-$10 million contract with NuRAN Wireless over the next three years
- Clear Blue will power a minimum of 1,333 telecom sites in the Democratic Republic of the Congo (DRC)
- The contract also includes energy-as-a-service, providing minimum recurring revenue of $100,000 per year for a minimum of three years
- Clear Blue delivers clean, managed, wireless power across 37 countries
- Clear Blue Technologies (CBLU) is up by 16.18 per cent and is currently trading at $0.395 per share
Clear Blue Technologies (CBLU) has secured an C$8-$10 million contract with NuRAN Wireless over the next three years.
NuRAN is a supplier of mobile and broadband wireless infrastructure solutions.
Pursuant to the contract, Clear Blue will power a minimum of 1,333 telecom sites in the Democratic Republic of the Congo (DRC).
The company’s first order will realize $750,000 in revenue for the remainder of 2021 with shipping set to start in July.
The contract also includes energy-as-a-service, providing minimum recurring revenue of $100,000 per year for a minimum of three years.
NuRAN could increase its order for Clear Blue’s Smart Power systems by between 30 – 50 per cent depending on available financing and the success of initial installations.
Of the 89.56 million people living in the DRC, only 18 per cent have access to the Internet, according to Statista.
Miriam Tuerk, co-founder and CEO of Clear Blue Technologies, commented,
“This is one of the largest deals secured to date and provides significant upside for Clear Blue’s revenues over the next three years. We see this as part of a trend, as we emerge from the global pandemic, where corporations are looking to be more sustainable. Projects are being greenlit and orders for our smart off-grid systems are picking up. As a result, management is highly optimistic about revenue and top-line growth during the remainder of 2021 and into 2022.”
Francis Létourneau, President and CEO at NuRAN, added,
“Clear Blue’s Smart Power and energy-as-a-service are key components to our planned telecom rollout in the DRC, offering the lowest capex/opex as well as the best performance and uptime. Because of that, it enables these rural sites to be simultaneously cost-effective and reliable for a strong, viable and profitable business model.”
Clear Blue delivers clean, managed, wireless power across 37 countries.
Clear Blue Technologies (CBLU) is up by 16.18 per cent and is currently trading at $0.395 per share as of 11:22 am ET.
