Clear Blue invested in sales and technical resources for its collaboration with the Telecom Infra Project, an initiative co-founded by Facebook to bring a billion people online, and to support expansion in the U.S. and international markets.
As of June 30, 2018, Clear Blue has 3,247 units under management, including its smart off-grid controllers for solar, wind, and hybrid-powered systems such as street lights, security systems, telecommunications systems, Smart City, and Internet of Things (IoT) devices. The Company generates product revenue through the sale of its smart off-grid controllers and systems, Illumient solar-powered street lighting systems, and recurring revenue from its Illumience cloud- based remote power management services.
Outlook for the Remainder of 2018
“We expect to see continued revenue growth in the third quarter and throughout the rest of the fiscal year,” added Tuerk. “Our growth strategy combines geographic expansion with greater penetration of global industry verticals, and expansion into new verticals and markets. Additionally, key pilot projects with new, very large customers are a major focus for our team, as these projects lay the foundation for the future growth we plan to capitalize upon. We are confident that as our revenues increase we will deliver long-term shareholder value.”
The Company will host a conference call to discuss its latest financial results at 1:00 PM Eastern Time (Canada/U.S.) on Wednesday, 5th September 2018. Those interested can register at http://cbtq2.eventzilla.net.
About Clear Blue Technologies International Inc.
Clear Blue Technologies International, the Smart Off-GridTM 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 34 countries, including the U.S. and Canada.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 performance of the parties, and the ability to achieve costs savings, under the contract referenced herein.