A. There have been multiple unexpected delays associated with the finalization of the contract, hence why there has not been any official announcement of its closing. Considerable progress has been made with regards to it, and the company expects to close on this shortly.
Q. Given the past delays, is there a risk that the contract will not materialize?
A. In view of the recent developments, I don’t see a risk that the contract will not materialize.
Q. Many of us have followed the successful launch of Spacecom’s AMOS-17 by Space-X’s Falcon 9 rocket. Can you tell us about the impact of this launch on NuRAN’s upcoming business?
A. We are thrilled that AMOS-17 has reached its orbit, and we want to extend our congratulations to both Spacecom and Space-X for a successful launch. As you are aware, NuRAN has signed a three-way conditional agreement with Spacecom and an undisclosed African Mobile Network Operator (MNO). The deal is worth a potential $9M in its first phase. Having AMOS-17 in orbit is a first step towards the materialization of the agreement. We now wish the best of success to the MNO in securing the financing necessary which will result in the order to NuRAN being booked.
Q. Do you have any timeline for the MNO to secure that financing?
A. We cannot comment on the status of the MNO’s financing at this time. We will be sure to communicate material updates by way of press release as soon as we can.
Q. Is there other potential business related to AMOS-17?
A. The company will make formal announcements as other related opportunities unfold. The relationship between NuRAN and Spacecom is not limited to the $9M potential contract related to AMOS-17, nor is it limited to AMOS-17; it can be in relation to any of Spacecom’s communication satellite fleet.
Q. Is Spacecom the only satellite operator with whom NuRAN is partnering?
A. NuRAN has relationships with most of the existing satellite service providers, each with opportunities in association with them. Several of these relationships have not been the subject of public announcements yet. We hope to be able to talk about something material in the future.
Q. Late in 2018. The Company announced the development of the next generation of products targeted at mobile network operators. How is that coming along?
A. The development of LiteRAN xG is going well. While the product development is not finalized yet, the team has been able to run a mix of 2G, 3G, and 4G LTE onto the same platform, delivering on the promises made. Equally important is that we are seeing a lot of interest by MNO’s for that software-defined solution, which addresses very effectively the need of operators to install telecommunication infrastructure that may operate any combination of mobile technologies and evolves through time.
Q. Are there other opportunities of scale that NuRAN is working on?
A. The company has a strong pipeline of qualified opportunities, most of them being equal or greater in scale than the ones that have been publicly announced. The business we are in is very intricate, very technical and has a low threshold for errors. Everyone takes their time to evaluate projects, opportunities and suppliers. However, once a firm like NuRAN has been qualified by the industry insiders and buyers its is just a matter of time before the groundwork turns into purchase orders and contracts. We fully expect that shareholders will be rewarded for their patience