Clear Blue Technologies International Inc. ("Clear Blue" or the
"Company") (TSXV: CBLU) (FRANKFURT: 0YA) (OTCQB: CBUTF), announces
full integration of its Esite product with its industry leading
Smart Power Cloud management service, Illumience. Currently in beta
release, the service goes live in March 2024 to all our telecom
infrastructure customers.
Our patented energy forecasting and management
will minimize generator operations and maximize solar energy
performance. It is the key focus of our Artificial Intelligence
(AI) roadmap. Supported by a $5 million grant from the Government
of Canada, in 2024 and 2025, smarter predictive analytics supported
by machine learning will bring significant cost benefits to our
customers. Together, our target is a 20-50% reduction in generator
fuel consumption, which ultimately could deliver an increase in
profit of 5-10% for telecom infrastructure customers.
Building on our customer validated features that
are the foundation of Illumience:
- Maximum Uptime and
Performance;
- Longest System Life;
- Easy to Install and Maintain;
our product differentiation will leverage our
un-paralleled collection of one trillion data points
supporting:
- Energy forecasting and management,
and;
- Unparalleled remote troubleshooting
and remediation.
New for 2024 – Leveraging our Proprietary Data
for further ML and AI Advancements
To date, Clear Blue has shipped to 55 countries
around the world with products operating in a wide variety of
conditions. Over this time, the Company has processed more than 1
trillion cloud transactions from our production systems. This large
proprietary data store forms the basis for the next layer in the AI
stack – machine learning. With more than 38,000 years of operating
data, we have the largest repository of solar and energy
performance of Telecom and IOT systems. This is the key to leading
the market in Artificial Intelligence.
The Esite-Illumience product release in Q1 is
the next step and through the next three quarters, Clear Blue’s
service will be enhanced with:
- Our new Insights dashboard which
provides network wide deep analytics and power systems metrics to
identify degradations that will eventually lead to outages or
degraded performance;
- Enhanced power uptime performance
analytics including grid availability, potential energy, and true
battery state of charge;
- Enhanced commissioning,
installation and maintenance incident management, and;
- Solar panel, battery, and cabling
smart diagnostics.
The Road to Zero Diesel for our customers
As companies experience un-paralleled cost and
currency pressures, reducing and eliminating diesel energy costs –
including both fuel and site servicing costs - is of utmost
importance. Clear Blue has already proven that it can deliver the
lowest upfront cost – as an example, solar only systems with Clear
Blue’s Smart Power have a 40% lower Capex than other systems. Now,
Clear Blue is bringing this capability to diesel powered larger
systems via our AI driven product roadmap.
“We are pleased that the rest of the industry is
now seeing the importance of the data and analytics foundation that
we built Clear Blue’s product stack on from day one”, said Miriam
Tuerk, CEO of Clear Blue. “Pair that with the significant growth
demand in the market for connectivity and for green power, we are
meeting the challenges of our customers as they grab this
significant growth opportunity.”
For more information,
contact:Miriam Tuerk, Co-Founder and CEO+1 416 433
3952investors@clearbluetechnologies.comwww.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital+1 437 836
9669Nik@SophicCapital.com
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)Legal
DisclaimerNeither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.Forward-Looking
StatementThis 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, information concerning
financial results and future upcoming contracts.
By identifying such information and statements
in this manner, Clear Blue is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Clear Blue to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of Clear Blue is
speculative and subject to several risks including, without
limitation, the risks discussed under the heading "Risk Factors" in
Clear Blue's listing application dated July 12, 2018. Although
Clear Blue has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information and forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended.
In connection with the forward-looking
information and forward-looking statements contained in this press
release, Clear Blue has made certain assumptions. Although Clear
Blue believes that the assumptions and factors used in preparing,
and the expectations contained in, the forward-looking information
and statements are reasonable, undue reliance should not be placed
on such information and statements, and no assurance or guarantee
can be given that such forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information
and statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release. All subsequent written and oral forward-
looking information and statements attributable to Clear Blue or
persons acting on its behalf is expressly qualified in its entirety
by this notice.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
described in this news release. Such securities have not been, and
will not be, registered under the U.S. Securities Act, or any state
securities laws, and, accordingly, may not be offered or sold
within the United States, or to or for the account or benefit of
persons in the United States or “U.S. Persons”, as such term is
defined in Regulation S promulgated under the U.S. Securities Act,
unless registered under the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption from such
registration requirements.
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