TORONTO, Feb. 16, 2021 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX: TGO),
(www.terago.ca), announced today that its 5G fixed wireless
technical trials in the Greater Toronto
Area have successfully advanced and have experienced
improved through-put speeds, increasing current results to
approximately 1.5 gigabits per second ("Gbps"). The technical
trials will now shift from the Company's Thornhill head office location and will be
continued at its Mississauga data
centre.
During the trial phase, TeraGo made several product upgrades and
has conducted testing at various distances, which have contributed
to the steady advancement in results.
In addition, TeraGo has completed the following infrastructure
updates and investments that will go to support the development of
its 5G Fixed Wireless Access (FWA) network:
- Modernizing data centres to support micro-services and
automation to reduce network operation complexity;
- Addition of dark fibre rings between hubs in different areas as
backbone for 5G deployment; and
- Upgrades to transit peering
connections.
TeraGo looks forward to exceeding 1.5 Gbps speeds in the
upcoming year as 10 Gbps core CPE equipment is available, advancing
its multi-gigabit network capabilities to clients across
Canada.
"In conjunction with advancing testing trials, TeraGo is in
advanced discussions with new and existing vendors to build and
optimize their product portfolio", said TeraGo COO and CRO Blake
Wetzel. "We are also engaged in a number of conversations with
partners who are interested in pursuing 5G FWA customer trials with
TeraGo. 5G private networks are expected to allow customers to
access a high quality, reliable and secure networking solution that
helps improve their connectivity capabilities and propel their
business forward."
TeraGo Fixed Wireless Assets
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, approximately 10
million Canadian households or 9.1 billion MHz-Pop's. The Company's
national fixed wireless network is supported by a redundant fibre
optic backbone with approximately 600 sites across Canada. TeraGo is currently investing to
enhance its network to bring the benefits of 5G FWA to businesses
including enhanced speed, throughput, low latency, and fibre like
reliability.
About TeraGo
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.
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 its various
equipment partners, the timing and length of such trials and future
customer trials, the future availability of 10 Gbps core CPE
equipment, the expected benefits of 5G private networks and TeraGo
meeting customer demand to utilize 5G FWA in various different use
cases. 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
each of the annual MD&A of the Company for the year ended
December 31, 2019 and the MD&A
for the three and nine months ended September 30, 2020, both 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 its
technology partners, delays in the availability of 10 Gbps core CPE
equipment, 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.
SOURCE TeraGo Inc.