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WATT Renewable Corporation, an independently owned sustainable development company delivering hybrid solar solutions with social impact to telcos, mobile network operators, financial service providers and C&I businesses in Africa and Clear Blue Technologies International Inc. ("Clear Blue") (TSXV: CBLU) (FRA:0YA) (OTCQB: CBUTF), the leader in Smart Power, announce a preferred partnership to deploy a planned 1000 solar hybrid powered systems for telecom towers across Nigeria and Africa over the next 3 years.
In October, WATT Renewable announced it has secured US$13million in funding to support its development plans and for the initial stage of 250, and has purchased 160 systems from Clear Blue for a total purchase price of $1.58 million CAD.
Alongside the above purchase, the Parties have executed a Preferred Alliance Agreement, which will see WATT and Clear Blue work together to expand their mutual businesses across Africa. Moreover,
WATT has standardized it service offering on Clear Blues Esite-Micro technology along with its Illumience Smart Cloud management and analytics platform.
WATT and Clear Blue shall co-market and promote their mutual offerings to the African Market to deliver WATTs Best in Class Energy as a Service based upon Clear Blues leading Smart Power technology and services.
Said Miriam Tuerk, CEO of Clear Blue, "Africa is the land of opportunity with unparalleled growth expected over the next decade. WATT, a Canadian/Nigerian company, has demonstrated its ability to execute delivering world class service and operations, raising the capital and funding needed, and with the values and operational mindset to deliver. We believe this partnership will expand across other high growth markets in Sub-Saharan Africa."
Said Oluwole Eweje, Founder & CEO of Watt Renewables, "We were already great fans of eSite Power Systems, but Clear Blues acquisition of the company and the integration of the Illumience Smart Power management system and operations services, brings the entire solution to a new level. We believe it is the best solution in the marketplace today and are thrilled to standardize on it as our platform of growth." |
