Nuran Wireless wins $7.2M contract in Africa

Mr. Francis Letourneau reports NURAN ANNOUNCES A $7.2M CAPEX CONTRACT FOR RURAL MOBILE NETWORK EXPANSION PROJECT IN AFRICA Nuran Wireless Inc. has been awarded a contract worth approximately $7.2-million by a state-owned mobile network operator (MNO) for a major network expansion project in a rural region of West Africa. The agreement is structured as a capex (capital expenditure) contract valued at approximately $7.2-million and provides for the deployment of up to 200 sites to expand mobile coverage to underserved communities. The contract is expected to span three years and payments will be made to Nuran based on agreed project milestones. Nuran will act as lead contractor, overseeing and managing all suppliers and other stakeholders involved in the project. The company will provide its radio access network (RAN) equipment for the sites while managing the end-to-end delivery, including sourcing (transmission materials, towers, power systems and other ancillaries), logistics, site selection, and delivery and installation at rural and remote sites. This project supports two core pillars of Nuran's growth strategy: (1) establishing a cost-efficient and operational hub in proximity to deployment sites, which reduces costs and improves project efficiency; and (2) leveraging Nuran's expertise to deliver innovative connectivity solutions and scale operations, strengthening its leadership in rural telecommunications. The margins generated by comparable projects are expected to enable the company to support capital investments in its NaaS (network as a service) deployment. Powered by the new LiteCell xG, the project focuses on the deployment of infrastructure to expand the coverage of the existing mobile network to serve rural communities in West Africa. In addition to facilitating deployment, the company will oversee the continuing management and maintenance of the network, contingent upon the execution of a subsequent agreement and drawing upon its specialized expertise. "This agreement represents another significant step forward in Nuran's mission to bridge the digital divide. By leading this turnkey project, we are proud to deliver reliable and sustainable connectivity solutions that will transform rural communities. This project underscores the trust that operators place in our expertise and our ability to drive large-scale deployments in partnership with world-class stakeholders," stated Francis Letourneau, chief executive officer of Nuran Wireless. About Nuran Wireless Inc. Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. We seek Safe Harbor.