This multi-million-dollar agreement will
transform connectivity across the retailer's nationwide operations,
enhancing performance and customer experience.
TORONTO, Nov. 5, 2024
/CNW/ - TERAGO Inc. ("TERAGO" or the "Company") (TSX: TGO)
(www.terago.ca), a leading provider of Managed
Fixed Wireless Internet and SDWAN solutions, announced today that a
major Canadian retailer has selected TERAGO as a strategic partner
to enhance their applications and network infrastructure across all
locations nationwide.
The retailer, an established leader in the hardware equipment,
tools, and industrial supplies with locations across Canada, sought to upgrade its connectivity
solutions to ensure redundancy, boost performance, strengthen
network security, and significantly enhance the client experience.
They chose TERAGO's advanced Managed Fixed Wireless Internet and
SDWAN solutions based on its superior product offering, speed to
market, premium white-glove service and cost profile.
"We are excited to deliver comprehensive network solutions that
align with the growth and operational demands of our valued
customer," said Daniel Vucinic, CEO
and President at TERAGO. "This partnership highlights our
commitment to understand their business and then develop, deliver,
and manage the most effective solution that supports their
immediate and long-term goals. When I took over as CEO just more
than a year ago, I highlighted my focus on reenergizing the
business' top line – today's announcement is a resounding proof
point for the substantial investment that has gone into this
initiative."
TERAGO's fully managed solutions allow businesses to seamlessly
operate in multiple locations with peace of mind, knowing that
their network infrastructure is secure, redundant, and able to meet
the Digitalization and evolving demands of today's marketplace –
please reach out to our team at info@terago.ca to learn more about
how we can deliver superior connectivity and managed solutions for
your business.
About TERAGO
TERAGO provides managed network and
security services to businesses across Canada ensuring highly secure, reliable, and
redundant connectivity including private 5G wireless networks,
Fixed Wireless access, fiber, and cable wireline network
connectivity. As Canada's biggest
mmWave spectrum holders, the Company possesses exclusive spectrum
licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes
to provide secure, dedicated SLA guaranteed enterprise grade
performance that is technology diverse from buried cables ensuring
high availability connectivity services. TERAGO serves over 1,800
Canadian and Global businesses operating in major markets across
Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa, and Winnipeg, and has been providing wireless
services since 1999. For more information about TERAGO and its
suite of wireless internet and SDWAN solutions, please visit
www.terago.ca.
Forward-Looking Statements
This news release includes certain forward-looking statements.
By their nature, forward-looking statements are subject to numerous
risks and uncertainties, some of which are beyond TERAGO's control.
Forward-looking statements may include but are not limited to
statements regarding the further developing our 5G Fixed Wireless
Access program, consistently executing across all fronts of the
business, success in providing Canadian enterprises with managed
services and the 5G Fixed Wireless trials being conducted by the
Company. All such statements constitute "forward-looking
information" as defined under, applicable Canadian securities laws.
Any statements contained herein that are not statements of
historical facts constitute forward-looking information. The
forward-looking statements reflect the Company's views with respect
to future events and is subject to risks, uncertainties and
assumptions, including those risks set forth in the "Risk Factors"
sections in the annual MD&A of the Company for the year ended
December 31, 2023 available on
www.sedarplus.com under the Company's corporate profile. Factors
that could cause actual results or events to differ materially
include the inability to consistently achieve sales growth across
all lines of TERAGO's business including managed services,
inability to complete successful 5G technical trials, the results
of the 5G trials not being satisfactory to TERAGO or any of its
technology partners, regulatory requirements may delay or inhibit
the trial, the economic viability of any potential services that
may result from the trial, the ability for TERAGO to further
finance and support any new market opportunities that may present
itself, and industry competitors who 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 several factors could cause actual future results,
conditions, actions, or events to differ materially from the
targets, expectations, estimates, or intentions expressed with the
forward-looking statements. Except as may be required by applicable
Canadian securities laws, TERAGO does not intend, and disclaims any
obligation, to update or revise any forward-looking statements
whether in words, oral or written as a result of new information,
future events or otherwise.
SOURCE TeraGo Inc.
