NuRAN Resumes Site Deployments in Africa - Seite 2

NuRAN has currently deployed 82 live sites in Cameroon (53) and DRC (29) covering a total population of approximately 487,000. With this new batch of sites to be deployed, NuRAN expects to have a total of 250 sites live by the end of October 2022. During the last few weeks, the team in Cameroon has completed the capacity upgrade of 9 sites of the 22 planned. The remaining will be done concurrently with the new build plan for optimization due to the proximity of the new planned sites.

NuRAN is also announcing an important reorganization of senior staff. NuRAN is pleased to announce the appointment of Christian Marcoux as Managing Director of corporate operations. Mr. Marcoux currently resides in the Quebec City, Canada area and is a bilingual management engineer with 28 years of experience in technology. His expertise is in leading the implementation of new business strategies and best business practices, particularly when they concern operations, the development of new products, sales, and marketing. His considerable experience and know-how in coordination and personnel management has allowed him to form strong teams that mobilize to achieve the expected results. Mr. Marcoux is graduate of Laval University with a Bachelor's in Engineering.

NuRAN is also pleased to announce the appointment of George Benson as Director of Operations for Africa. Mr. Benson is currently residing in Johannesburg, South Africa and is a highly experienced in mobile network deployment and project engineering with over 28 years of experience and having worked in the UK, South Africa, Taiwan, Philippines, USA, UAE, Tanzania, Zimbabwe and Myanmar. Mr. Benson is a graduate of Heriot-Watt University with a Bachelor of Science in Planning.

"NuRAN is focused on the next phase of the company's development and site rollouts will be at the center of our long-term success. The addition of Mr. Marcoux and Mr. Benson to our team will ensure a managed and efficient process achieving our short and long-term goal of sustained growth" commented Francis Letourneau, CEO and President of NuRAN Wireless Inc.

NuRAN would like to thank Mr Gael Campan and Mr. Badi Abdallah for their efforts and dedicated service and we wish them the best of luck in their future endeavors.

Due to short term delays with respect to the release of debt financing, management reports that it now targeting the completion of 400 sites by the end of December 2022, a decrease of 100 sites from its initial target of 500 sites.