Comms365 Limited signs a 24-month Preferred Partner licensing agreement with Turnium valued at over $500,000, enhancing managed service delivery, IoT applications and reliable connectivity for U.K. businesses.
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2023) - Turnium Technology Group Inc. (TSXV: TTGI) ("Turnium" or "the Company"), an industry leader in cloud-native software-defined wide area networking solutions (SD-WAN), announces that Comms365 Limited ("Comms365") has signed a term volume commitment agreement with Turnium for licensing worth over CAD $500,000. The new agreement between Comms365 and Turnium involves both companies collaborating actively to identify and develop growth opportunities within the U.K. market. As well as being an investor and shareholder of Turnium, Comms365 becomes the Turnium Preferred Partner for the UK.
Comms365 provides multi-carrier wireless and wireline network services for customers across the U.K, Europe, USA and Asia. Comms365's portfolio of solutions, which includes Turnium solutions, assists business customers in significantly reducing internet connectivity downtime, provides resilience to existing connectivity, enables multi-site networks to be built and managed efficiently, and enables new technologies to support data-driven decisions.
Mike van Bunnens, CEO at Comms365 said, "Turnium is a key part of our solutions and ability to ensure that our customers can run their businesses effectively. Turnium's technology, fully integrated with our proprietary CommsPortal system, helps us build and manage connections that keep our customers online, all the time. This new agreement with Turnium positions us both to help more businesses eliminate downtime, add resilient connections, use wireless, and drive their key business metrics."
"We are excited to continue to expand our work with Comms365 to bring better internet/wireless connectivity and reliability to businesses across the UK and other regions," said Derek Spratt, Turnium CEO. "Comms365 has been a great partner in the growing UK market, offering an innovative suite of services, hardware, connectivity and Turnium software that delivers real-world benefits of SD-Access, SD-Light, and full SD-WAN solutions to their business customers."
Turnium is an independent software developer and vendor that has been building software-defined wide-area networking software since 2012. Turnium software can be branded and bundled into integrated solutions by its channel partners to enhance the value and experience of their managed services.
About Comms365 Limited
Founded in 2008, Comms365 is a responsive, innovative and agile Network and Managed Services Company, connecting businesses and devices to the Internet, anywhere. The company helps businesses build resilient networks with secure and high-performance wireless and wired connectivity. Comms365's award-winning 4G/5G Fixed IP solutions for M2M & IoT projects, Multi-network SIMs, and advanced technology, improves internet performance, managed services, and IoT solutions to enable digital transformation.
About Turnium Technology Group Inc.
Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, containerized, disaggregated software platform that OEM channel partners host, manage, brand, and price. Turnium is also available to Resellers as a Turnium-branded managed service. Turnium SD-WAN solutions is sold through a channel partner program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.
For more information, contact sales@ttgi.io, visit www.turnium.com, or follow us on Twitter @turnium.
About SD-WAN
SD-WAN is revolutionizing the networking and telecommunications industry by abstracting secure, high-speed networking and network control from underlying physical circuits. SD-WAN frees enterprises, small and medium businesses, cloud and managed services providers from the business and cost constraints imposed by traditional telecommunications companies.
# # #
Turnium Contact:
Investor Relations: Bill Mitoulas, Email: investor.relations@ttgi.io, Telephone: +1 416-479-9547
Media inquiries: please email media@ttgi.io.
Sales inquiries: please email sales@ttgi.io
www.ttgi.io, www.turnium.com
CAUTIONARY NOTES
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the Company may terminate and not proceed with the Agreement, or that the Agreement and associated transactions will not be successfully completed for any reason (including failure to obtain the required acceptance from the TSX Venture Exchange). The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161880
