Tickers: XCNQ:NUR, PINX:NRRWF
Tags: Technology, Telecommunications
Quebec, QC, Canada / TheNewswire / January 8th, 2019 - NuRAN Wireless Inc. (CSE: NUR) (OTC: NRRWF) (FSE: 1RN) is pleased to announce that it has been granted a US Patent on its proprietary 5G Massive MIMO technology. US Patent and Trademark Office ("USPTO") has issued a Notice of Allowance for NuRAN's patent application on December 2018. The Canadian patent announced on April 12th, 2018 had already been granted.
Martin Bedard, CEO and President of NuRAN Wireless explained: "This patent further demonstrates our commitment to being at the cutting edge of the next generation wireless networks." Mr. Bedard continued: "Our innovation places NuRAN in a strategic position to address not only today's market needs but tomorrow's as well. Current industry budget estimates for 2021* forecast over US$2.3 billion on 5G mobile infrastructure. NuRAN's growing IP portfolio is a crucial part of our value proposition as we are well positioned to take advantage of this important market opportunity".
The NuRAN 5G Massive MIMO Patent was awarded by the USPTO for its efficient and low complexity precoding/detection algorithm that enables an efficient implementation of Massive MIMO technology. The algorithm has been implemented and demonstrated in NURAN's 5G Massive MIMO testbed to showcase its performance against other technologies. NuRAN's technology allows the system to run without any performance degradation at a considerably lower implementation complexity.
Massive MIMO is a technology that uses multiple number of antennas, thus the name MIMO for Multiple-Input Multiple-Output. MIMO Network transmit data between numerous devices simultaneously on a same radio channel. It is recognized as a cornerstone component of 5G as the networks using this technology multiply the capacity of a wireless connection without requiring more spectrum. This result in improved coverage which is more resistant to interference. These achievements are essential to meeting the 5G requirements such as low latency, high reliability and higher peak data rate.
NuRAN Wireless has been an early player in the 5G arena as it started working on 5G disruptive technologies as far back as 2013. The Company is still amongst leaders in this technology as demonstrated by its 5G Massive MIMO Symposium that was presented in Quebec City in 2017. Numerous technologies related to Massive MIMO were presented to an audience that included, amongst others, Xilinx, Videotron, Analog Devices, The Mathworks, research institutes and universities.
*Based on Statista's 5G - 5th Generation Mobile Networks report (https://www.statista.com/topics/3447/5g/)
No regulatory authority has approved or disapproved the information contained in this news release.
NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.
For further information about NuRAN Wireless;
Martin Bedard
President and CEO
info@nuranwireless.com
(418) 914-7484
Frank Candido
Direct Financial Strategies and Communication
frank.candido@nuranwireless.com
(514) 969-5530
US Investor Contact
Trevor Brucato
Managing Director
RB Milestone Group, LLC
Stamford, CT & New York, NY
No regulatory authority has approved or disapproved the information contained in this news release.
Forward Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the timing of the Offering, the use of proceeds from the Offering, and the future plans or prospects of the Company. Generally, forward-looking information 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NuRAN Wireless Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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