Clear Blue Technologies Signs a Memorandum of Understanding MOU Includes a Minimum of 300 Off-Grid, Remote Power Satellite Internet Systems, Including 30 Prepaid Systems
Clear Blue Technologies Selected as Preferred Partner for Smart Solar Off-Grid power by iSAT Africa
TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (TSXV: CBLU), the Smart Off-Grid Company, today announced that it has entered a memorandum of understanding (“MOU”), signed on February 25, 2022, 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 MOU also calls for Clear Blue to provide a minimum of 300 off-grid, remote power systems for satellite and cell phone services in 4 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 5-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 Signs a Memorandum of Understanding with Expected Total Contract Value Exceeding $2 Million CAD