Clear Blue Technologies Receives $375K Order For Esite-Micro Systems

African Telco purchases 22 Esite-Micro power systems for shipment in Q3

/EIN News/ -- TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU) (FRA:0YA) (OTCQB: CBUTF), announces a purchase agreement under which Clear Blue will provide its Esite-Micro power solution to 20 telecom sites in western Africa. The estimated total Lifetime Contract Value for this order, including recurring revenue, is $425,000 of which $360,000 is expected to ship in Q3 2023. This contract increases Clear Blue’s 2023 Year-To-Date bookings to $4,975,000, of which $4,325,000 is expected to be recognized in 2023.

The customer is a Mobile Network Operator (MNO) based in Western Africa and has 98 existing telecom sites powered by eSite Power Systems AB (“eSite”), which Clear Blue acquired on January 23, 2023. This order represents the revenue synergies between eSite and Clear Blue. The new Esite-Micro telecom sites will be fully integrated with Clear Blue’s Illumience cloud management and control service, allowing the sites to be monitored and managed remotely by Clear Blue’s service team, and providing Clear Blue with recurring revenue from Esite’s platform, a first, since the eSite acquisition closed. Furthermore, Clear Blue’s Illumience platform could in the future be added to the customer’s existing eSite systems in the field, which is not reflecting in Year-to-Date bookings, but could add $46K of additional recurring revenue.

“This first Esite-Micro order is supported by a strong and building sales funnel of the Esite-Micro product across Africa and increases our confidence of our 2023 revenue growth plan,” said CEO Miriam Tuerk. “We are optimistic about the value our first delivery our new integrated Esite-Micro product brings to our customers as well as the strong growth potential it could drive for Clear Blue.”

About Clear Blue Technologies International

Clear Blue Technologies International, the Smart Off-Grid™ 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 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF) www.clearbluetechnologies.com.

FOR FURTHER INFORMATION:

Clear Blue
Miriam Tuerk, Co-Founder and CEO
+1 416 433 3952
investors@clearbluetechnologies.com
www.clearbluetechnologies.com/en/investors

Nikhil Thadani, Sophic Capital
+1 437 836 9669
Nik@SophicCapital.com 

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This press release contains certain "forward-looking information" and/or "forward-looking statements" within the meaning of applicable securities laws. 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, the future phases of the project or future value of this project for any mentioned parties.

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