$CBLU To Grow Alongside Telco Remote-Power Demand The satellite service industry is rapidly growing as the technology required becomes more affordable and accessible. The biggest hurdle now for companies involved in the remote telecommunication industry is finding suitable power solutions.
This is where companies like Clear Blue Technologies (TSXV: CBLU) come into play. Clear blue is a provider of smart off-grid solar power solutions, based in Canada. Recently, the company was selected as a preferred partner by global tier 1 service provider YahClick to provide off-grid solar solutions for 44 of its telco sites across Africa.
$CBLU.V’s first contract with YahClick represents a total estimated five-year lifetime contract value of US$650,000. This is just the first of many expected partnerships in the satellite telco space, as $CBLU CEO Miriam Tuerk stated recently, “... this is only the beginning of Clear Blue’s role in bringing wireless power management solutions to unserved and underserved populations.”
With well over a billion people unconnected in Africa, the economic need to provide telecommunication services to underserved populations remains a key driver across the continent. 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% CAGR.
For a company valued at only $16.07 million, the opportunity to break into this growing high-demand market is huge. I’m excited to see what contracts $CBLU has up its sleeve this year as share prices continue to consolidate at the bottom of a bearish trend.
$CBLU.V is currently trading at $.24
https://africanews.space/yahclick-selects-clear-blue-technologies-smart-off-grid-solar-power-systems-for-africa/