Clear Blue Technologies Launches
Energy-as-a-Service for Wireless Power

Contract value estimated at $8m-$10m+ CAD in revenue for Clear Blue over the next three years. July 29, 2021, Toronto Ontario – Today, Clear Blue Technologies International Inc. (TSXV: CBLU) (“Clear Blue” or the “Company”) announced it has a signed agreement with NuRAN Wireless Inc. ('NuRAN'), a leading supplier of mobile and broadband wireless infrastructure solutions, with an initial estimated value between $8 million to $10 million CAD in revenues over the next three years. Clear Blue’s 2021 third and fourth-quarter earnings will reflect initial sales numbers for the contract, but the Company is providing estimated pro forma revenues for its shareholders in this release. Unless stated otherwise, all dollar amounts are in Canadian dollars, with gross margins in line with what the Company has historically reported.

Expected to deliver rural network coverage for up to 400 million of the unconnected over the next 3-5 years

As many know, Big Oil companies have suffered major losses as a result of the pandemic, as oil demand plummeted. Now, however, the prospects for the industry are looking more dismal than ever. As oil supermajors have faced increasing pressure to shift toward more sustainable business strategies, such pressure will certainly result in companies looking to renewables as the solution to this shift.