TORONTO, March 22, 2022 /CNW/ – TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO) (www.terago.ca), announced the launch of its 5G mmWave service to Connected Multi-Dwelling Units (“MDUs”) in Ontario. This multi-gigabit solution will allow TeraGo partners to deliver high-speed Internet services to previously hard-to-serve buildings and residences.
Utilizing TeraGo’s nationwide 5G mmWave spectrum, MDUs connected across Canada will have options to meet residential and customer demands for high-speed Internet. This launch is TeraGo’s first strategic venture to align with organizations and ultimately support Canadian consumers.
“We are excited to partner with businesses and empower them to bring high-speed Internet services to previously hard-to-serve buildings and residences,” said Blake Wetzel, Chief Revenue Officer at TeraGo. “With this positive step to leverage our advanced services in Ontariowe hope to continue to expand these capabilities through Canada. TeraGo remains focused on the further development of mmWave 5G fixed wireless technologies to improve the lives of Canadians. »
TeraGo provides wireless connectivity and private 5G wireless network services to businesses operating across Canada. The company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz frequency bands, which it uses to provide secure and reliable enterprise-grade networking and connectivity services. TeraGo serves more than 1,800 Canadian and global companies operating in major markets across Canadaincluding Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipegand has been providing wireless services since 1999. For more information about TeraGo, please visit www.terago.ca.
This press release contains certain forward-looking statements that are made as of the date hereof. These forward-looking statements may include, but are not limited to, statements regarding the expected completion of 5G core network expansion projects in 2021, the planned rollout of 5G fixed wireless access services to its existing customer base and 5G private network applications for new customers, the expected security, high throughput and low latency of 5G private networks, the first pilot installations at customers by the end of the year, and becoming the first operators to launch commercial mmWave 5G fixed and private wireless network services in Canada. All such statements constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements contained herein that are not statements of historical fact constitute forward-looking information. Forward-looking statements reflect the Company’s beliefs with respect to future events and are subject to risks, uncertainties and assumptions, including the risks set forth in the “Risk Factors” section of the Company’s Annual MD&A. Company for the year ended December 31, 2020Available on www.sedar.com under the Company’s corporate profile. Factors that could cause actual results or events to differ materially include the inability to complete expansion projects during calendar year 2021, delays in the availability of required equipment, impacts and restrictions caused by the COVID-19 pandemic are extended, which may further delay the customer. pilots and trials, the results of the trials not being satisfactory to TeraGo or one of its technology partners, regulatory requirements may delay or impede the trial, the economic viability of any potential service that may result from the trial, the TeraGo’s ability to fund and support any new market opportunities that may arise, as well as industry competitors that may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements, as many factors could cause actual future results, conditions, actions or events to differ materially from the objectives, expectations, estimates or intentions expressed in the forward-looking statements. Except as required by applicable Canadian securities laws, TeraGo does not intend, and disclaims any obligation, to update or revise any forward-looking statements, whether oral, oral or written, to as a result of new information, future events or otherwise.
SOURCE TeraGo Inc.
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