MENLO PARK, CA, Nov. 3, 2016 /PRNewswire/ - NuRAN Wireless Inc. (CSE: NUR) (OTC: NRRWF) ("NuRAN" or the "Corporation") is pleased to announce it is working in collaboration with Facebook and the Telecom Infra Project ("TIP") as original equipment manufacturer (OEM) and distributor of OpenCellular; an open source wireless platform.
NuRAN Wireless will supply and support OpenCellular, a disruptive open-source and cost-effective wireless access platform specifically designed to improve Internet and mobile connectivity in remote areas. This software-defined base station is being designed to dramatically reduce the deployment and operation costs of mobile technology, thus addressing the most problematic issues encountered by the operators wishing to expand their activities to underserved areas. This initiative is part of the Telecom Infra Project (https://telecominfraproject.com) announced earlier this year. The Telecom Infra Project is an engineering focused initiative driven by operators, infrastructure providers, system integrators, and other technology companies that aim to reimagine the traditional approach to building and deploying telecom network infrastructure.
"One of Facebook's goals for TIP is to increase the world's mobile footprint which perfectly matches NuRAN's mission to connect everyone, everywhere. The OpenCellular project is an amazing opportunity to combine our deep understanding of the industry and our technical expertise with the strength and influence of a very large international player such as Facebook. We work in synergy to improve the life of potentially billions of people by giving them access to mobile connectivity." said Martin Bedard, Co-CEO of NuRAN Wireless.
The OpenCellular platform will first be provided for trials to selected operators for further validation of technical, functional and operational aspects of the hardware. The product will later be made generally available through an online store. The collaboration was announced as part of the keynote presentations during the first day of TIP Summit held at Facebook's Headquarter in Menlo Park. Maxime Dumas, Head of Strategy and Business Development at NuRAN presented further details of the collaboration on the second day of the event.
About NuRAN Wireless
NuRAN Wireless is a leading supplier of mobile and broadband wireless solutions. Its innovative radio access network (RAN) and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for mobile network operators and internet service providers.
The Company provides a variety of specialist systems for indoor coverage, rural and urban connectivity in emerging markets, connectivity to offshore platforms and ships, and for emergency and crisis communications.
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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.
SOURCE Nuran Wireless Inc.