NuRAN Receives Orders of over $1 Million, Including Initial Delivery of 4G LTE Products
QUEBEC CITY, QUEBEC--(Marketwired - Oct 2, 2017) - NuRAN Wireless (CSE:NUR)(CSE:NUR.CN)(CNSX:NUR)(OTC PINK:NRRWF) is pleased
to announce that it has received new orders of over $1 Million Canadian related to rural connectivity which includes the delivery
of the newly-developed 4G LTE small cells.
These new orders include the first deliveries of 4G LTE small cells to a Tier One Telecom Operator demonstrating the relevance
of broadband in rural connectivity.
"These new contracts are further evidence of the pressing need for mobile broadband infrastructure in areas other than large
urban centers, and that solutions better adapted to these markets are key to continued growth in connectivity. Our partnerships
with global players is also testimony to our deep know-how in the area of wireless connectivity and clearly demonstrates our
worldwide leading role in this important endeavor of connecting everyone, everywhere", states Martin Bedard, Co-CEO at NuRAN
Wireless Inc.
About NuRAN Wireless
NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access
network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new
opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities,
offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.
Nutaq Innovations is a wholly owned subsidiary of NuRAN Wireless. Nutaq is a leading provider of advanced digital signal
processing ("DSP") solutions and wireless technologies, including software defined radios ("SDR"). The Company operates three
complementary lines of business; Wireless Network Products, Advanced Development Platforms ("ADP") and Engineering Services.
No regulatory authority has approved or reviewed the contents of the information contained in this news release. The CSE
does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of NuRAN
Wireless to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Examples of such statements include: the Company's quest to connect the next billion; that this
strategic acquisition allows Nuran to offer a complete mobile and broadband solution and the ability to secure the Nuran solution
as the leader in rural and remote mobile connectivity, that the acquisition reinforces NuRAN's strategic positioning towards new
and small operators by offering an end-to-end mobile small-cell network solution with the lowest Total-Cost-of-Ownership (TCO) on
the market and that the acquisition will allow NuRAN the opportunity to bring cellular coverage to emerging market where the
return on investment (ROI) was previously simply too low. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements contained in this press release. Such
forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to:
the ability of NurRAN Wireless to obtain necessary financing; general economic conditions in Canada and globally; competition
for, among other things, capital and skilled personnel; our ability to hire and retain qualified employees and key management
personnel; possibility that government policies or laws may change; possible disruptive effects of organizational or personnel
changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on
large customers; reliance on a limited number of suppliers; risks related to the Company's competition; failure to integrate the
technology and assets acquired from the Vendors and the Company's failure to adequately protect its intellectual property;
interruption or failure of information technology systems and other risk factors described in the Company's reports filed on
SEDAR), including its financial statements for the year ended October 31, 2015, and those referred to under the heading "Risk
Factors". These forward-looking statements should not be relied upon as representing NuRAN Wireless' views as of any date
subsequent to the date of this press release.