Nu­ran se­cures $3M loan fa­cil­ity with Que­bec gov’t

Stockwatch Daily - - TECHNOLOGY & TELECOM - Mr. Martin Bedard re­ports

NU­RAN WIRE­LESS Inc. has se­cured a long-term, low-in­ter­est loan fa­cil­ity of up to $3-mil­lion with the Que­bec govern­ment and its Creativite Que­bec pro­gram. High­lights:

• Ap­proval of loan fa­cil­ity of up to $3M CAD

• Loan fa­cil­ity pro­vided by the Que­bec Govern­ment through its ‘Creativite Que­bec’ pro­gram.

• Ac­cel­er­ates the devel­op­ment of the pre­vi­ously an­nounced LiteCell xG ; a mul­ti­stan­dard 2G, 3G, 4G (LTE) base sta­tion all within a sin­gle unit.

• Opens new mar­kets to Nu­ran in­clud­ing the un­con­nected in the re­gions of North Amer­i­can and sub­ur­ban mar­kets around the world.

The terms of the loan are as fol­lows;

• prime plus 0.25%

• a mora­to­rium for the first 24 months (2 years) with no re­im­burse­ment of cap­i­tal and only in­ter­est are payable fol­low­ing the ini­tial dis­burse­ment

• af­ter 24 months a re­im­burse­ment of cap­i­tal and in­ter­est over 7 years The loan fa­cil­ity en­sures and ac­cel­er­ates the devel­op­ment of the LiteCell xG, a multi stan­dard base sta­tion which pro­vides 2G, 3G and 4G (LTE) con­nec­tiv­ity all within the same unit as well as al­low Nu­RAN to con­tinue sup­port­ing its cur­rent and on­go­ing roll out and proof of con­cept (POC) with Tier One op­er­a­tors around the world with­out im­pact­ing the bud­get al­lo­cated for that pur­pose. On Septem­ber 25, 2018, Nu ran Wire­less had an­nounced that it would pro­vide Mo­bile Op­er­a­tors 2G, 3G and 4G (LTE) con­nec­tiv­ity from a sin­gle base sta­tion. Un­der devel­op­ment with planned avail­abil­ity in 2019, NuRANs LiteCell xG is a car­rier-grade tower-mount mo­bile ra­dio ac­cess equip­ment which may be op­er­ated in any com­bi­na­tion of 2G, 3G, and 4G (LTE) to max­i­mize net­work ac­cess to sub­scribers through the si­mul­ta­ne­ous sup­port of dif­fer­ent tech­nolo­gies. Built from the ground up as a soft­ware-de­fined ra­dio, LiteCell xG pro­vides the flex­i­bil­ity and upgrad­abil­ity which op­er­a­tors are seek­ing in or­der to de­liver the most ap­pro­pri­ate ser­vices and evolve those ser­vices as needs arise with min­i­mal in­ter­ven­tion. Nu­RAN ex­pects its multi-stan­dard so­lu­tion to sig­nif­i­cantly widen its mar­ket base from strictly ru­ral to ru­ral and sub­ur­ban green­field de­ploy­ments, as well as qual­i­fy­ing for in­fra­struc­ture up­grade pro­grams, in­clud­ing the re­place­ment of ex­ist­ing 2G-only equip­ment and the North Amer­i­can re­mote mar­ket as well

“We are very pleased to re­ceive the sup­port of the Que­bec Govern­ment through its Creativite Que­bec pro­gram. This fi­nan­cial sup­port en­sures that we re­main on the cut­ting edge of prod­uct devel­op­ment and en­ables us to reach an even broader mar­ket by ad­dress­ing not only the ru­ral and ul­tra ru­ral mar­kets but now tar­get­ing the sub­ur­ban mar­kets and the North Amer­i­can out­ly­ing re­gions as well specif­i­cally in ar­eas specif­i­cally with poor to no cel­lu­lar phone con­nec­tion.”, stated Martin Bedard, Pres­i­dent & CEO of Nu­RAN Wire­less. The fi­nanc­ing is sub­ject to the com­ple­tion of fi­nal le­gal doc­u­men­ta­tion.

No reg­u­la­tory au­thor­ity has ap­proved or dis­ap­proved the in­for­ma­tion con­tained in this news re­lease.

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.

We seek Safe Har­bor.

Martin Bedard, Thierry Cases, Maxime Du­mas, An­thony K Jack­son, Pa­trick Ram­sey

(NUR) Shares: 138,694,039

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