TORONTO, March 22,
2022 /CNW/ - TeraGo Inc. ("TeraGo" or the
"Company") (TSX: TGO) (www.terago.ca),
announced the launch of its 5G mmWave service to Connected
Multi-Dwelling Units ("MDU") in Ontario. This multiple gigabit solution will
allow TeraGo partners to provide high-speed internet services to
previously hard to service buildings and residences.
Utilizing TeraGo's national 5G mmWave spectrum, Connected MDUs
across Canada will have options to
support residence and customer demands for high-speed internet.
This launch is TeraGo's first strategic venture to align with
organizations and ultimately support Canadian consumers.
"We are excited to partner with and empower companies to provide
high-speed internet services to previously difficult to service
buildings and residences," said Blake
Wetzel, Chief Revenue Officer at TeraGo. "With this positive
step to leverage our advanced services in Ontario, we hope to continue to expand these
capabilities across Canada. TeraGo
remains laser focused on the further development of mmWave 5G fixed
wireless technologies to better the lives of Canadians."
About TeraGo
TeraGo provides wireless connectivity and private 5G wireless
networking services to businesses operating across Canada. The Company holds 2120 MHz of
exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum
bands, which it utilizes to provide secure and reliable
enterprise grade networking and connectivity services. TeraGo
serves over 1,800 Canadian and Global businesses operating in major
markets across Canada, including
Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless
services since 1999. 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 planned completion of 5G core network expansion projects in
2021, the planned deployment of 5G fixed wireless access services
to its existing customer base and 5G private networking
applications for new customers, the expected security, high
speed and low latency of 5G private networks, first customer pilot
installations by year-end, and becoming the first operators to
launch commercial mmWave 5G fixed wireless and private networking
services in Canada. 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" section of
the annual MD&A of the Company for the year ended December 31, 2020, 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 expansion projects within the 2021 calendar year,
delays in the availability of required equipment, the impacts and
restrictions caused by the COVID-19 pandemic are prolonged which
may further delay customer pilots and 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.