Clear Blue Technologies Launches Smart Pico-Grid Product, Entering New Satellite Wi-Fi and IoT Markets
March 22 2022 - 7:30AM
Clear Blue Technologies (TSXV: CBLU) announces the launch of its
Smart “Pico-Grid” product, a revolutionary design for
mission-critical Wi-Fi satellite and IoT applications. Pico-Grid
builds upon Clear Blue’s patented cloud-based, smart off-grid
systems, joining Clear Blue’s Nano-Grid and Illumient lighting
products as the Company’s third product line which unlocks
significant new markets.
As a cost-effective, fully managed, and uniquely
designed power product that’s specifically designed for the
ultra-low-power requirements of satellite Wi-Fi and IoT
applications, Pico-Grid establishes new verticals for Clear Blue.
The Company has already announced partnerships with two satellite
service providers to drive connectivity services in Africa and this
new product will enable additional partnerships and contracts with
satellite service providers.
The global satellite internet market was
estimated at US$2.93 billion in 2020 and is expected to grow at an
annual rate of 20% from 2021 to 2030 to reach US$18.59 billion,
according to Allied Market Research, a market research provider.
The global market for IoT-focused satellite services, which
includes end-device connectivity hardware and annual connectivity
fees is expected to be worth US$5.9 billion by 2025, as 30.3
million satellite IoT devices are deployed globally.
“Clear Blue continues to lead the power
revolution, enabling more services to go from wired power to fully
wireless,” said Miriam Tuerk, co-founder and CEO of Clear Blue.
“Pico-Grid gives us access to new markets in satellite Wi-Fi and
IoT applications while empowering our customers to achieve lower
costs and increased uptime through our managed Energy-as-a-Service
(EaaS) offering. This enables our customers to provide reliable,
wireless internet services, at the lowest cost, which in turn
facilitates more end-users to get connected. The impact of this is
unparalleled and will dramatically change the future of power and
internet services.”
Pico-Grid is a complete, smart off-grid power
system that includes solar, batteries and smart controls that are
fully managed remotely from Clear Blue’s operations centre.
Integral to all Clear Blue products is enhancing power reliability
by matching anticipated future energy generation to on-site loads.
This is done through Clear Blue’s advanced data analytics and
patented energy forecasting which are provided to all customers as
part of Clear Blue’s EaaS service contract.
As every Pico-Grid product comes with Clear
Blue’s ongoing EaaS service, Clear Blue eliminates the need for
customers to become power management experts. Clear Blue has
established a first-mover advantage in its markets and a clear
market leadership position with this technology with more than 8
million operating days and 9,000 global smart off-grid controllers
deployed in 37 countries.
The Pico-Grid product begins shipping Q2, 2022. To learn
more, click here.
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) (FRA:
0YA) (OTCQB: CBUTF)
For more information,
contact:
Miriam Tuerk, Co-Founder and CEO+1 416 433
3952investors@clearbluetechnologies.comwww.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital+1 437 836
9669Nik@SophicCapital.com
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.
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