Cambridge UK, 6 Jan 2020
Following a comprehensive and extensive commercial and technical evaluation, the Network Technology Research Institute of China Unicom – one of the world’s largest operators with more than a quarter of a billion active mobile subscribers – has chosen Ranplan as a preferred supplier of indoor radio design tools. An initial purchase order in the region of USD 400k is expected to be revenue recognised before the end of calendar 2020.
“We are very proud to have won the trust of one of world’s largest mobile operators at a critical junction in the transition from 4G to 5G, one characterised by an increased emphasis on cellular indoor mobility in close coordination with that of the outdoor. It is our hope that China Unicom, as well as its ecosystem partners, will benefit from our suite of software that not only help perfect the initial deployment of radio nodes but also their subsequent performance within day-to-day operations, remarked Per Lindberg, interim CEO of Ranplan Group AB.
This information is information that Ranplan Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set below, on 6 January 2020, at 5.00 pm CET.
FNCA Sweden AB, +46(0)8-528 00 399 email@example.com, is the Company’s Certified Adviser at Nasdaq First North.
About Ranplan Wireless
Ranplan Wireless is an innovative wireless technology company that has developed the world’s only solution that can plan, design and optimise inbuilding and outdoor wireless networks in coordination. Our solutions enable us to help an ecosystem of companies deploy the next generation of wireless networks for a range of applications in urban environments, supporting multiple technologies such as 4G LTE, 5G, Wifi and IoT, providing end users with an unmatched quality of experience.
Ranplan Wireless is a subsidiary of Ranplan Group AB (Nasdaq First North: RPLAN) whose head office is in Stockholm, Sweden. The group operates out of offices in the UK, US and China.