TORONTO, April 30, 2020 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX:
TGO, www.terago.ca), today announced that 5G technical trials
in the Greater Toronto Area
("GTA") have commenced at TeraGo's Thornhill head office location, utilizing 5G
fixed wireless network equipment from Nokia Inc. ("Nokia").
Initial testing will be in the 38 GHz frequency band using
Innovation, Science and Economic Development ("ISED") approved and
issued developmental licences. TeraGo will also be utilizing
Customer Premise Equipment ("CPE") from Askey Computer Corp.
("Askey") in support of these initial trials, which are
expected to be carried out over the next several weeks. Due to the
impact of the recent COVID-19 event, customer trials are planned to
begin in the second half of 2020.
"We are seeing the continued evolution of 5G network technology,
which is expected to deliver significantly enhanced performance,"
said Tony Ciciretto, President and
CEO of TeraGo. "Interoperability testing of network and CPE
equipment in real world environments is a critical step in enabling
this transition. We're pleased to add Askey, a leading developer
and manufacturer of wireless networking solutions, to our roster of
industry-leading partners for our 5G trials. In Canada, TeraGo is uniquely positioned to be
one of the first operators to launch commercial 5G fixed wireless
services as the largest holder of millimetre wave spectrum in the
largest urban markets. The ultra-high bandwidth and low latency
capabilities offered by 5G will allow us to deliver new innovative
communications solutions to our customers, improve the efficiency
of our network, and open new market opportunities for the
Company."
Robert Lin, Askey CEO, commented:
"Askey is delighted to be a partner in TeraGo's 5G fixed wireless
trial. By collaborating with 5G vertical market solution partners,
we are at the forefront of 5G mmWave CPE development serving
primarily North America, among
other global markets."
TeraGo's fixed wireless spectrum assets include 14 of 20
licenses issued in the 24 GHz band and 25 of 27 licenses issued in
the 38 GHz band, covering 2,210 MHz in Canada's six largest cities or approximately
8.6 billion MHz-Pop's1. The Company's national fixed
wireless network is supported by a redundant fibre optic backbone
with approximately 600 rooftops across Canada. TeraGo is currently investing to
enhance its network to bring the benefits of 5G fixed wireless
access (FWA) to businesses including enhanced speed, throughput,
low latency, and fibre like reliability.
About TeraGo
TeraGo owns a national spectrum portfolio
of exclusive 24GHz and 38GHz wide-area spectrum licences including
2,120 MHz of spectrum across Canada's 6 largest cities. TeraGo provides
businesses across Canada with
cloud, colocation and connectivity services. TeraGo manages over
3,000 cloud workloads, operates five data centres in the
Greater Toronto Area, the
Greater Vancouver Area, and
Kelowna, and owns and manages its
own IP network. The Company serves business customers in major
markets across Canada including
Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg.
For more information about TeraGo, please visit
www.terago.ca.
About Askey Computer Corp
Askey Computer Corp.
specializes in designing communication devices and creating
solutions for today's demanding customers. By keeping the pulse on
the latest technologies and placing Customer Experience at the
heart of product development, Askey has consistently introduced
groundbreaking innovations and deployed state of the art
Broadband, 5G/LTE, WiFi 6, Connected Automotive, Smart City, and
Smart Home Solutions.
Forward-Looking Statements
This news release includes
certain forward-looking statements that are made as of the date
hereof. Such forward-looking statements may include but are not
limited to statements regarding the 5G fixed wireless trials being
conducted with Nokia and Askey, the timing and length of such
trials and future customer trials, the potential and evolution of
5G technology in 2020 and the enhanced performance expected, TeraGo
becoming one of the first operators to launch commercial 5G FWA
services, and the enablement from 5G of new innovative
communications solutions, network efficiency, and new market
opportunities for TeraGo. All such statements constitute
"forward-looking information" as defined under, applicable Canadian
securities laws. Any statements contained herein that are not
statements of historical facts constitute forward-looking
information. The forward-looking statements reflect the Company's
views with respect to future events and is subject to risks,
uncertainties and assumptions, including those risks set forth in
the "Risk Factors" sections in the annual MD&A of the Company
for the year ended December 31, 2019,
available on www.sedar.com under the Company's corporate profile.
Factors that could cause actual results or events to differ
materially include the inability to complete successful 5G
technical trials with Nokia and Askey, the impacts and restrictions
caused by the COVID-19 pandemic are prolonged which may further
delay customer trials, the results of the trials not being
satisfactory to TeraGo or any of its technology partners,
regulatory requirements may delay or inhibit the trial, the
economic viability of any potential services that may result from
the trial, the ability for TeraGo to finance and support any new
market opportunities that may present itself, and industry
competitors who may have superior technology or are quicker to take
advantage of 5G technology. Accordingly, readers should not place
undue reliance on forward-looking statements as several factors
could cause actual future results, conditions, actions or events to
differ materially from the targets, expectations, estimates or
intentions expressed with the forward-looking statements. Except as
may be required by applicable Canadian securities laws, TeraGo does
not intend, and disclaims any obligation, to update or revise any
forward-looking statements whether in words, oral or written as a
result of new information, future events or otherwise.
_________________________________________
1 Based on ISED's
population figures for 2011.
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SOURCE TeraGo Inc.