Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV:
CBLU) (FRANKFURT: OYA), the Smart Off-Grid™ company, today provides
an update for its investors on key global corporate initiatives,
including the opening of a new office in Nairobi, Kenya, the
issuance of a new technology patent and important product and
software updates.
Governments in Africa are pushing for rural connectivity to
support digital services, and telecommunications operators are
rolling out large-scale infrastructure projects. Clear Blue is a
partner to these telecommunications operators by providing
low-cost, reliable Smart Off-Grid power.
Most recently, the Company announced on October 29, 2020 that it
is providing rural telecommunications Smart Off-Grid power systems
and ongoing operational services in partnership with NuRAN to
Orange S.A. (NYSE: ORAN), one of the world’s largest mobile network
operators. Clear Blue is also rolling out power for 400
telecommunications sites for a major infrastructure operator in
Africa, announced on November 17, 2020. This project is forecast to
generate sales of $5 million CAD, for Clear Blue
with 30% delivered in Q4 2020 and the remainder in Q1 2021, with
gross margins in line with what the Company has historically
reported.
“We believe that telecoms will be a growth sector coming out of
Covid-19 and have already seen evidence of this with initial
contracts and contract expansions happening with telco partners in
Cameroon, Nigeria and other parts of Africa,” says Miriam Tuerk,
CEO and Co-Founder of Clear Blue. “We are pleased to announce these
corporate initiatives that will help to support our global
growth.”
Expansion to Kenya
Recognizing the growing opportunity in Africa driven by the
myriad of large-scale Smart Off-Grid power contracts that rolled
out in 2020 and those in coming years, Clear Blue has established a
subsidiary, Clear Blue Kenya. This comes with the opening of a new
satellite office in Nairobi, Kenya, with two full-time employees
and plans for additional hires in 2021. The office will provide
field Research & Development (R&D) and a second operations
service team to support Clear Blue’s recurring Illumience
management service for full customer support, troubleshooting and
technical support for systems across EMEA, in their local time
zones.
New EU Patent
On September 10, 2020, the European Patent Office in Munich,
Germany, granted EU patent No. 3314750 (“System and Method for
Charging Autonomously Powered Devices Using Variable Power
Source”). This European patent has been validated in Germany,
France, Great Britain and the Netherlands, expanding Clear Blue’s
patent portfolio to include 9 patents in 5 countries with 2
additional pending patent applications for Canada.
Significant Product Enhancements
Clear Blue made significant improvements and advancements to its
existing power products and management software for enhanced
analytics, an improved user interface and increased energy and
efficiency capabilities. Both new and existing customers benefit
through Clear Blue’s remote software update capabilities, which is
part of its ongoing Energy-as-a-Service (EaaS) and Illumience
services, making Clear Blue’s recurring services even more critical
to implementing cost-efficient and effective Smart Off-Grid
power.
Smart Off-Grid Controller
- New high-reliability feature with internal bypass eliminating
significant external bypass circuitry and delivering unparalleled
high reliability;
- Clear Blue’s modular, scalable solution with Smart Batteries
including Lithium-Ion, which delivers the lowest upfront CAPEX
investment for telecom and supports higher power applications,
redundancy for mission-critical sites, and advanced battery
diagnostics;
- Advancements in battery charging performance utilizing the
patented dynamic charging algorithm;
- New easier-to-install cabling
connectors for easy, fool-proof field installation.
Smart DC/DC Converter
- The Smart DC/DC is a foundational building block for Clear
Blue’s new planned product line of Smart Off-Grid power regulation
and control systems to address the exploding IoT and Satellite/WiFi
market. Key attributes are:• Smart Load control,• High
efficiency and expanded temperature range
performance,• In-field adjustments to voltage settings from
24-52V mode through the WiFi configuration interface for easier
installation/commissioning or remote modifications.
Illumience
- System potential energy capacity for forward-looking predictive
energy management;
- New real-time status presentation for easier management of
large volume installations, including a site map, battery state,
online and fault statuses, and an easy report viewing option;
- Expanded search and grouping features for easier multi-site
analytics and management grouping by site, network, location or
device address;
- Daily, data-rich reports on detailed system monitoring data for
advanced analytics;
- Solar and battery amp-hours reporting in preparation for system
life predictive analytics;
- Comparative analytics on multi-phase
charge and discharge cycles for improved battery life.
Tuerk added: “We recognized the need to increase our time-zone
service coverage for the global markets that we are supporting. It
is also critical for Clear Blue to continue innovating and
improving its solutions, and understanding R&D in Africa is key
to building better products and services for emerging markets. The
patent and product improvements show that Clear Blue is committed
to continuous improvements and designing better Smart Off-Grid
solutions. It’s all about improving the value of Smart Off-Grid for
our customers. Making a more powerful, easy-to-manage,
cost-effective system helps our customers implement Smart Off-Grid
around the world and connect the unconnected.”
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid™
company, was founded on a vision of delivering clean, managed,
“wireless power” to meet the global need for reliable, low-cost,
solar and hybrid power for lighting, telecom, security, Internet of
Things devices, and other mission-critical systems. Today, Clear
Blue has thousands of systems under management across 37 countries,
including the U.S. and Canada. (TSXV: CBLU) (FRANKFURT: OYA)
Legal Disclaimer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Investor
Relations:investors@clearbluetechnologies.comhttp://www.clearbluetechnologies.com/en/investors
Miriam TuerkCoFounder &
CEOMiriam@clearbluetechnologies.com+1-416-433-3952
Press Contact: Becky NyeDirectorMontieth &
Company155 E 44th Street, Suite 1610, New York,
NYbnye@montiethco.com
Forward-Looking Statement
This press release contains certain "forward-looking
information" and/or "forward-looking statements" within the meaning
of applicable securities laws. Such forward-looking information and
forward-looking statements are not representative of historical
facts or information or current condition, but instead represent
only Clear Blue’s beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently
uncertain and outside of Clear Blue's control. Generally, such
forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The
forward-looking information contained herein may include, but is
not limited to, information concerning the future potential of
contracts or contract expansions, beyond what has already been
confirmed.
By identifying such information and statements in this manner,
Clear Blue is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Clear Blue to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of Clear Blue is speculative and
subject to several risks including, without limitation, the risks
discussed under the heading "Risk Factors" in Clear Blue's listing
application dated July 12, 2018. Although Clear Blue has attempted
to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking
information and forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended.
In connection with the forward-looking information and
forward-looking statements contained in this press release, Clear
Blue has made certain assumptions. Although Clear Blue believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release. All subsequent written and oral forward-
looking information and statements attributable to Clear Blue or
persons acting on its behalf is expressly qualified in its entirety
by this notice.”
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