Clear Blue Technologies - CEO, Miriam Tuerk.
CEO, Miriam Tuerk.
Source: GlobeNewswire.
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  • Clear Blue Technologies (CBLU) signs a memorandum of understanding with value exceeding C$2 million
  • iSAT Africa has also selected Clear Blue as its preferred partner for Smart, Solar Off-Grid power
  • This order is worth an initial amount of C$2 million and has an estimated five-year Life-Time Contract Value of C$3 million
  • The first 30 systems will ship in Q1 2022 and the remainder of the project is subject to iSAT successfully concluding financing for the remaining rollout
  • iSAT Africa is an integrated communications services provider specializing in broadcasting & rural connectivity, fixed & mobile satellite solutions
  • Clear Blue Technologies International Inc. (CBLU) is up 2.33 per cent, trading at $0.22 at 1:30 pm EST

Clear Blue Technologies (CBLU) has entered an MOU with iSAT Africa, an integrated communications services provider serving Africa and the Middle East.

iSAT Africa has also selected Clear Blue as its preferred partner for Smart, Solar Off-Grid power.

The agreement also calls for Clear Blue to provide a minimum of 300 off-grid, remote power systems for satellite and cell phone services in four countries in Africa, to be ordered by the end of Q1 2023.

This order is worth an initial amount of C$2 million and has an estimated five-year Life-Time Contract Value, which includes capacity upgrades and ongoing service management by Clear Blue, of C$3 million.

The first 30 systems will ship in Q1 2022 and the remainder of the project is subject to iSAT successfully concluding financing for the remaining rollout.

“Clear Blue Technologies is the market leader in providing smart, reliable, off-grid power for mission-critical telecom infrastructure,” said Rakesh Kukreja, founder and Managing Director of iSAT Africa.

“Through a number of previous deployments with Clear Blue, we have seen the strength of Clear Blue’s technology and the positive impact it has on our business model and service to our customers,” added Kukreja.

“iSAT Africa is a key partner in bringing connectivity to the unconnected throughout Africa. They have a number of deployments in numerous countries already, and we are thrilled to be working with them on this project and hopefully, many more to come in the future,” said Miriam Tuerk, co-founder and CEO of Clear Blue.

“Their commitment to transforming the way Africa gets and stays connected with the rest of the world aligns tightly with our vision of delivering clean, managed, off-grid, wireless power for critical satellite systems[…],” concluded Tuerk.

Mordor Intelligence indicates that to meet the growing telecom demand for services globally, over US$4.47 billion in spending on powering telecom tower rollouts will occur in 2022, growing to US$5.25 billion in 2025, a 3.25 per cent CAGR.

iSAT Africa is an integrated communications services provider specializing in broadcasting & rural connectivity, fixed and mobile satellite solutions, MPLS in Africa and the Middle East.

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.

Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada.

Clear Blue Technologies International Inc. (CBLU) is up 2.33 per cent, trading at $0.22 at 1:30 pm EST.

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