FloQast Celebrates 2021 as Landmark Year for Company Growth

Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate

LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company’s leadership role in workflow automation technology.

“This past year, FloQast experienced exceptional growth across the board – including funding, product and platform launches, customer acquisition and more – making this one of the most important and successful years for the company since we were founded,” says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. “This growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast’s ability to deliver next-generation technology to usher in a new era of modernization and change.”

Over the course of 2021, FloQast experienced milestones in several key areas:

  • A successful $110 million Series D funding round, led by Meritech Capital, and a valuation of $1.2 billion, making the company a “unicorn workflow solution provider.”
  • The receipt of 36 G2 badges in 2021, including:
    • #1 Leader in the G2 Momentum Grid, Fall 2021 and Winter 2022 Leader, Users Love Us, High Performer in Enterprise, Leader in Mid Market, and Winter 2022 Momentum Leader.
  • Notable Q4 customer acquisition includes prominent names such as Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic, and more.
  • The launch of several new initiatives, tools and programs, including:
    • FloQast Ops, a new workflow manager solution that addresses upstream and downstream financial functions to deliver greater control and transparency across accounting operations.
    • FloQast ReMind, a new request management workflow add-on that automates manual tasks and delivers new levels of visibility across the close process.
    • FloQast Studios, a full-scale production arm of FloQast designed to create entertaining, engaging, and educational content by accountants for accountants.
    • Partnership with Donnelley Financial Solutions (NYSE: DFIN) to transform the financial close and reporting processes, especially for companies planning to go public.
  • Notable growth in EMEA including:
    • The opening of FloQast’s London-based office.
    • 68 new customers – notable Q4 logos include Revolut, Babylon Health, Watches of Switzerland, and Ironsource.
  • The appointment of several new executives to drive FloQast’s success in 2022 and beyond, including:
  • The hosting of TakeControl 2021 in September, FloQast’s third-annual user conference, drawing more than 2,000 industry professionals and recognizing world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.
  • The receipt of several high caliber awards and accolades, such as inclusion in Built In’s Best Place to Work list for the fourth year in a row, being named one of the Best Workplaces in the Country by Inc. Magazine, and one of the Best Places to Work by the Los Angeles Business Journal.
  • Reaching 1,000 users in the FloVerse, an online community platform for FloQast customers to network and collaborate.

This growth and momentum is made possible by FloQast’s community of employees who are committed to making accountants and financial leaders’ lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team’s commitment to customer service and excellence in pursuit of FloQast’s overarching vision.

About FloQast
FloQast delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 1,500 accounting teams – including Twilio, coinbase, Los Angeles Lakers, Zoom, and snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll, and is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
kyle.cabodi@floqast.com

Woolpert Acquires eTrac Inc., a Vessel-Based Hydrographic Survey Firm Headquartered in California

This merger combines complementary marine technology products and services to better serve U.S. and international clients with integrated capabilities.

DAYTON, Ohio, Feb. 3, 2022 /PRNewswire/ — Woolpert has acquired eTrac Inc., a vessel-based hydrographic survey and marine technology firm that conducts custom and integrated marine services for projects across the U.S. and its territories. These services include collecting and processing hydrographic survey and bathymetric mapping data for coastal mapping, navigation safety and nautical charting, high-resolution multibeam sonar data for shipping channel dredging and pipeline inspections, underwater imagery and aerial lidar data for change analysis, and vessel positioning and monitoring.

This acquisition combines the hydrographic survey and multibeam sonar expertise of eTrac with Woolpert’s aerial topographic, bathymetric and geospatial capabilities to deepen service offerings, leverage inherent synergies, achieve operational efficiencies and extend geographic reach. It also unites eTrac’s fleet of survey vessels with Woolpert’s 49 manned and unmanned aircraft.

eTrac is headquartered in San Rafael, Calif., and has offices in Texas, Washington and Alaska. eTrac will become part of Woolpert’s geospatial sector and will expand to serve clients throughout the U.S. and around the world.

About Woolpert
Woolpert is the premier architecture, engineering, geospatial (AEG) and strategic consulting firm, with a vision to become one of the best companies in the world. Woolpert is an ENR Top 150 Global Design Firm, recently earned its sixth-straight Great Place to Work certification and actively nurtures a culture of growth, inclusion, diversity and respect. Founded in 1911 in Dayton, Ohio, Woolpert has been America’s fastest-growing AEG firm since 2015. The firm has more than 1,600 employees and 60 offices on four continents. For more, visit woolpert.com.

About eTrac Inc.
eTrac Inc. was established in 2003 as a hydrographic survey, vessel positioning and marine instrumentation firm. eTrac has quickly grown to include over 40 employees in several offices along the coastal United States. The firm has earned a strong reputation among many sectors of the hydrographic industry, including government agencies and private industry. Its equipment fleet has also grown to include geophysical survey vessels as well as several ultra-portable, shallow water survey craft. eTrac is committed to continual reinvestment in industry leading equipment and knowledgeable staff to complete multibeam, singlebeam, sidescan, subbottom, mobile lidar and water-level surveys required by our clients. For more, visit etracinc.com.

Media contact: Woolpert PR Manager Jill Kelley; 937-531-1258, jill.kelley@woolpert.com

Video – https://www.youtube.com/watch?v=knDzoTW7-kA

FloQast célèbre 2021 en tant qu’année charnière pour la croissance de l’entreprise

Alimentée par une ronde de financement de série D et une campagne de recrutement couronnée de succès, FloQast poursuit sa dynamique tout au long du 4e trimestre avec un taux de croissance en glissement annuel impressionnant

LOS ANGELES, 03 févr. 2022 (GLOBE NEWSWIRE) — FloQast, un fournisseur de logiciels d’automatisation des flux de travail comptables créés par des comptables pour les comptables, a annoncé aujourd’hui ses résultats financiers pour le 4e trimestre et 2021, clôturant une année décisive caractérisée par son expansion internationale, de nouveaux produits et initiatives de l’entreprise, des distinctions du secteur et la plus grande croissance observée par la société depuis son lancement. La société a enregistré une croissance en glissement annuel de 97 % de son revenu récurrent annuel (RRA) pour le trimestre, ainsi qu’une croissance en glissement annuel de 153 % de son nouveau RRA net pour 2021. En outre, avec plus de 1 500 clients à l’échelle mondiale, FloQast a ajouté 171 nouveaux clients au cours du 4e trimestre. Ces jalons découlent du récent financement de série D de 110 millions de dollars mené par Meritech Capital, et renforcent le rôle de leader de la société dans la technologie d’automatisation des flux de travail.

« L’année dernière, FloQast a connu une croissance exceptionnelle à travers le monde, avec notamment des financements, des lancements de produits et de plateformes, l’acquisition de clients et bien plus encore, ce qui en fait l’une des années les plus importantes et couronnées de succès de la société depuis sa création », a déclaré Mike Whitmire, expert-comptable agréé inactif, cofondateur et PDG de FloQast. « Cette croissance témoigne des avancées cruciales qui s’enracinent dans l’ensemble du secteur de la comptabilité et souligne la capacité de FloQast à fournir une technologie de nouvelle génération dans le but d’accompagner une nouvelle ère de modernisation et de changement. »

Au cours de l’année 2021, FloQast a franchi des étapes importantes dans plusieurs domaines clés :

  • Une ronde de financement de série D de 110 millions de dollars couronnée de succès et menée par Meritech Capital, ainsi qu’une valorisation de 1,2 milliard de dollars, faisant de la société un « fournisseur de solutions de flux de travail licorne ».
  • La réception de 36 badges G2 en 2021, parmi lesquels :
    • Leader n °1 du G2 Momentum Grid, Leader automne 2021 et hiver 2022, Les utilisateurs nous adorent, Hautes performances dans les entreprises, Leader sur le marché intermédiaire et Momentum Leader hiver 2022.
  • L’acquisition de clients notables au cours du 4e trimestre comprend des noms éminents tels que Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic et d’autres.
  • Le lancement de plusieurs nouveaux programmes, outils et initiatives, notamment :
    • FloQast Ops, une nouvelle solution de gestion des flux de travail qui prend en charge les fonctions financières en amont et en aval afin d’offrir un meilleur contrôle et une plus grande transparence dans l’ensemble des opérations comptables.
    • FloQast Recall, un nouveau complément de flux de travail de gestion des demandes qui automatise les tâches manuelles et offre de nouveaux niveaux de visibilité sur l’ensemble du processus de clôture.
    • FloQast Studios, une branche de production à grande échelle de FloQast conçue pour créer du contenu divertissant, engageant et éducatif par des comptables, pour les comptables.
    • Partenariat avec Donnelley Financial Solutions (NYSE : DFIN) en vue de transformer les processus de clôture financière et de rapports, en particulier pour les entreprises qui prévoient d’entrer en bourse.
  • Croissance notable dans la zone EMOA, y compris :
    • L’ouverture du bureau de FloQast basé à Londres.
    • 68 nouveaux clients – les logos notables au 4e trimestre incluent Revolut, Babylon Health, Watches of Switzerland et Ironsource.
  • La nomination de plusieurs nouveaux cadres afin de stimuler le succès de FloQast en 2022 et au-delà, y compris :
  • L’organisation de TakeControl 2021 en septembre, la troisième conférence annuelle des utilisateurs de FloQast, rassemblant plus de 2 000 professionnels du secteur et récompensant les professionnels de la comptabilité de classe mondiale et les clients de FloQast excellant dans leur quête d’excellence opérationnelle.
  • La réception de plusieurs prix et distinctions de haut calibre, tels que l’inclusion dans la liste des Meilleurs lieux de travail de Built In pour la quatrième année consécutive, ainsi que la nomination parmi les Meilleurs lieux de travail dans le magazine Country by Inc. et les Meilleurs lieux de travail par le Los Angeles Business Journal.
  • Seuil des 1 000 utilisateurs atteint dans FloVerse, une plateforme communautaire en ligne permettant aux clients de FloQast de se mettre en réseau et de collaborer.

Cette croissance et cette dynamique sont rendues possibles par la communauté d’employés de FloQast qui se sont engagés à rendre la vie des comptables et des dirigeants financiers plus facile et plus productive. Malgré les défis rencontrés au cours des deux dernières années pendant la pandémie, la société continue d’exceller dans ses performances, ce qui témoigne de l’engagement de l’équipe envers le service à la clientèle et l’excellence dans la poursuite de la vision globale de FloQast.

À propos de FloQast
FloQast propose un logiciel d’automatisation des flux de travail permettant aux organisations de mettre en œuvre l’excellence comptable. Plus de 1 500 équipes de comptabilité, parmi lesquelles Twilio, coinbase, Los Angeles Lakers, Zoom et snowflake, font confiance à FloQast, qui a été créée par des comptables, pour les comptables afin d’améliorer la façon dont les équipes comptables travaillent. FloQast permet aux clients de simplifier les processus tels que les rapprochements automatisés, les demandes de documents et d’autres flux de travail qui ont un impact sur la clôture mensuelle, les rapports financiers et le calcul des salaires, et est régulièrement classée n ° 1 sur tous les sites d’avis d’utilisateurs. Pour en savoir plus, rendez-vous sur FloQast.com.

Contact :
Kyle Cabodi
FloQast Directeur des communications d’entreprise
kyle.cabodi@floqast.com

“The best thing about creating something is living it afterwards”. The new and inspirational Neolith vision

CASTELLÓN, Spain, Feb. 3, 2022 /PRNewswire/ — While staying true to its cutting-edge essence, the company is exploring new avenues and has taken the risk to transform its visual universe into something more sophisticated and linear but more human at the same time. An image that reflects the brand’s position as a global leader in the Sintered Stone market, as well as the values and characteristics that define the strategy to be adopted by the company looking forward.https://mma.prnewswire.com/media/1739089/Neolith_Himalaya_Crystal_Terra_Cocinas.jpg

The new image embodies such values as passion, innovation, a capacity to build commercial partnerships, a unique style and inspiration. A courageous, committed and creative brand with heart that responds to people’s aspirations and dreams. A loyal brand that is approachable, sustainable, reliable, versatile and original, one that sets new trends and seeks to become the global leader in creating unique spaces. This comprehensive evolution of the company’s values and characteristics is reflected in both the brand and the organisation, and in its positioning within the market and in its relationships with distributors, professionals and end users.

“At Neolith, our purpose is very clear, and that is to place the consumer at the centre of our universe. Everything we think, do or say is for them. We want to help them create unique spaces and, above all, to enjoy extraordinary experiences with Neolith”, says José Luis Ramón, CEO of the Neolith Group.

Surfaces to be lived: touch.feel.live

Inspiration gains special importance as a value in this new approach, it being the channel that connects the brand to people; stimulating their imagination and inspiring unique, functional and sustainable solutions for indoor and outdoor spaces that can generate extraordinary brand experiences because Neolith believes that “the best thing about creating something is living it afterwards”. This new position also implies that the world would be a better place if everything we did, invented or created were to be enjoyed.

About Neolith

Set up in 2009, Neolith is the world’s leading brand in Sintered Stone.

A revolutionary and innovative architectural surface material with superior technical characteristics made from 100% natural raw materials.

Photo – https://mma.prnewswire.com/media/1739089/Neolith_Himalaya_Crystal_Terra_Cocinas.jpg

FloQast Comemora 2021 Como Ano de Referência para o Crescimento da Empresa

Impulsionado pelo sucesso de uma Rodada de Financiamento da Série D e de uma Campanha de Contratação, a FloQast deu continuidade ao seu momento ao longo do quarto trimestre com uma taxa de crescimento massiva em relação ao ano anterior

LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — A FloQast, fornecedora de software de automação de fluxo de trabalho contábil criado por contadores para contadores, divulgou hoje suas métricas do quarto trimestre e de 2021, concluindo um ano marcante de expansão internacional, novas iniciativas de produtos e empresas, elogios do setor e o maior crescimento que a empresa já viu desde o seu lançamento. A empresa registrou um crescimento de 97% na receita recorrente anual (ARR) no trimestre em relação ao mesmo período do ano anterior, bem como um crescimento de 153% na nova ARR líquida de 2021 em relação ao ano anterior. Além disso, com mais de 1.500 clientes em todo o mundo, a FloQast adicionou 171 clientes no quarto trimestre. Esses marcos são resultado do recente financiamento de US$110 milhões da Série D, liderado pela Meritech Capital, e promovem o papel de liderança da empresa na tecnologia de automação de fluxo de trabalho.

“No ano passado, a FloQast teve um crescimento excepcional em todos os setores – incluindo financiamento, lançamentos de produtos e plataformas, aquisição de clientes e muito mais, tornando o ano um dos mais importantes e bem-sucedidos para a empresa desde a nossa fundação”, diz Mike Whitmire, CPA inativo, cofundador e CEO da FloQast. “Este crescimento é um testemunho dos avanços críticos que estão acontecendo em toda a indústria contábil e destaca a capacidade da FloQast de fornecer tecnologia da próxima geração para uma nova era de modernização e mudanças.”

Ao longo de 2021, a FloQast atingiu marcos em várias áreas principais:

  • Uma rodada de financiamento da Série D de sucesso de US$110 milhões, liderada pela Meritech Capital, e uma apreciação de US$1,2 bilhão, transformaram a empresa em uma “fornecedora de soluções de fluxo de trabalho de unicórnio”.
  • Recebimento de 36 insígnias G2 em 2021, incluindo:
    • Líder número no G2 Momentum Grid, Líder de Outono de 2021 e Inverno de 2022, Usuários nos Amam, Alto Desempenho em Empresas, Líder em Mid Market, e Líder de Momento de Inverno de 2022.
  • A aquisição de clientes notáveis do T4, inclusive nomes de destaque como Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic e muitos outros.
  • O lançamento de várias novas iniciativas, ferramentas e programas, incluindo:
    • FloQast Ops, uma nova solução de gerenciamento de fluxo de trabalho que aborda funções financeiras upstream e downstream para oferecer maior controle e transparência em todas as operações contábeis.
    • FloQast ReMind, um novo complemento de fluxo de trabalho de gerenciamento de solicitações que automatiza tarefas manuais e oferece novos níveis de visibilidade em todo o processo de fechamento.
    • FloQast Studios, uma unidade de produção em grande escala da FloQast projetada para a criação de conteúdo divertido, envolvente e educacional por contadores para contadores.
    • Parceria com a Donnelley Financial Solutions (NYSE: DFIN) para transformar os processos de fechamento e relatórios financeiros, especialmente para as empresas que planejam abrir capital.
  • Crescimento notável na EMEA, incluindo:
    • A abertura do escritório da FloQast em Londres.
    • 68 novos clientes – os logotipos notáveis do T4 incluem Revolut, Babylon Health, Watches of Switzerland e Ironsource.
  • A nomeação de vários novos executivos para impulsionar o sucesso da FloQast em 2022 e além, incluindo:
  • A realização, em setembro, da TakeControl 2021, a terceira conferência anual de usuários da FloQast, que atraiu mais de 2.000 profissionais do setor e reconheceu os profissionais de contabilidade de todo o mundo e os clientes da FloQast, destacando-se pela seu foco na excelência operacional.
  • O recebimento de vários prêmios e elogios de alto calibre, como a inclusão na lista de Melhor Lugar para Trabalhar pela Built In pelo quarto ano consecutivo, nomeação de um dos Melhores Locais de Trabalho do País pela revista Country by Inc., e um dos Melhores Locais para Trabalhar pelo Los Angeles Business Journal.
  • Alcance de 1.000 usuários na FloVerse, uma plataforma de comunidade online para networking e colaboração dos clientes FloQast.

Esse crescimento e momento são possibilitados pela comunidade de funcionários da FloQast que está empenhada em tornar a vida dos contadores e líderes financeiros mais fácil e produtiva. Apesar dos desafios enfrentados nos últimos dois anos durante a pandemia, a empresa continua a se destacar pelo seu desempenho, graças ao compromisso da equipe com o atendimento ao cliente e à excelência na busca da visão abrangente da FloQast.

Sobre a FloQast
A FloQast oferece software de automação de fluxo de trabalho que permite às organizações operacionalizar a excelência contábil. Com a confiança de mais de 1.500 equipes de contabilidade – incluindo Twilio, Coinbase, Los Angeles Lakers, Zoom e Snowflake – a FloQast foi criada por contadores para melhorar a maneira como as equipes de contabilidade funcionam. A FloQast permite que os clientes simplifiquem processos como reconciliações automatizadas, solicitações de documentação e outros fluxos de trabalho que afetam o fechamento do mês, relatórios financeiros e folha de pagamento, e é classificado consistentemente como número 1 em todos os sites de avaliação de usuários. Saiba mais sobre a FloQast.com.

Contato:
Kyle Cabodi
Diretor de Comunicações Corporativas da FloQast
kyle.cabodi@floqast.com

 

La Fondation ARC s’alarme de la faible attractivité de la recherche en France

PARIS, 3 février 2022 /PRNewswire/ — Terre d’accueil historique des chercheurs les plus prestigieux venus du monde entier, la France est aujourd’hui challengée sur la scène scientifique internationale. Afin de mettre en lumière ses lignes de force en matière de recherche biomédicale, la Fondation ARC a réalisé, en partenariat avec OpinionWay, un sondage mené auprès des chercheurs sur l’attractivité de la France dans le domaine de la recherche en cancérologie. Confirmant sans surprise certains points de faiblesse tels que le manque de moyens financiers et le poids de l’administratif, l’enquête révèle également les atouts de l’Hexagone, tels que l’excellence des formations et la qualité de vie. Des résultats qui encouragent la Fondation ARC dans une démarche volontariste pour attirer et accueillir encore plus de chercheurs de haut niveau.

LES CHERCHEURS PLÉBISCITENT LA FRANCE POUR SON CADRE DE VIE

Si 7 chercheurs sur 10 justifient leur installation dans l’Hexagone par des raisons personnelles et familiales, 1/3 d’entre eux mentionnent le cadre de vie comme facteur décisif de leur choix, suivi par la sécurité de l’emploi (25 %). Le cadre de vie est d’ailleurs considéré par 67 % du panel comme le principal atout de la France. Avant même les spécificités liées à la recherche, ce sont ainsi les conditions d’accueil et la qualité de vie qui séduisent en premier lieu ces scientifiques. In fine, 73 % d’entre eux veulent rester en France dans les cinq prochaines années. OpinionWay Rapport Fondation ARC France terre d accueil des chercheurs 2022

LA FRANCE, UN TERREAU UNIVERSITAIRE FAVORABLE POUR PRODUIRE DES CHERCHEURS D’EXCELLENCE

La qualité de la formation, reconnue par 46 % des chercheurs interrogés, représente un atout incontestable pour armer les chercheurs face à la complexité de la recherche. En creusant cette notion « d’excellence de la formation à la française », 51 % des chercheurs interrogés pointent avant tout l’apprentissage du sens critique, sous-tendu par leur vision à 360° des questionnements, sens critique qui est fondamental pour bousculer les dogmes scientifiques et oser innover. La rigueur et la capacité à explorer l’inconnu sont également mentionnées par respectivement 41 % et 24 % des chercheurs.

C’est au niveau des financements, en revanche, que la France apparaît moins attractive.

Pour 9 chercheurs sur 10, un soutien plus important des projets serait la principale action à mettre en place pour les inciter à rester dans l’Hexagone, suivi d’un meilleur accompagnement dans l’organisation du travail. En comparaison avec les autres pays, 8 scientifiques sur 10 jugent également les démarches administratives plus contraignantes, tandis que 64 % déplorent le manque d’audace des projets de recherche.

LOGO: https://mma.prnewswire.com/media/1739744/Fondation_ARC_Logo.jpg
PDF:https://mma.prnewswire.com/media/1739749/OpinionWay_Rapport_Fondation_ARC_France_terre_d_accueil_des_chercheurs_2022.pdf

Contact: Frédéric Henry FHCOM Mobile
frederic.henry@fhcom.net

 

YahClick, a Leading Global Satellite Services Operator, Selects Clear Blue Technologies’ Smart Off-Grid Solar Power Systems for Africa

With a total contract value of $650,000, initial orders totaling $425,000 were shipped in Q4 2021

ONLY FOR DISTRIBUTION IN CANADA, THE UNITED STATES AND AFRICA

NOT FOR DISTRIBUTION TO THE ADX NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UAE

TORONTO, Feb. 03, 2022 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” and the “Company”) (TSXV: CBLU), today announces that YahClick, the leading satellite broadband service provider, has selected Clear Blue as its preferred Smart Off-Grid, solar power system provider for large deployments of its telecommunication customer sites across Africa. Initial orders worth $425,000 in revenue, from two YahClick customers, across 44 sites commenced shipping in Q4 2021. Follow-on shipments for these and other YahClick customers are expected throughout 2022, beginning in Q1.

As a global Tier 1 satellite service provider, YahClick continues to strengthen its presence as a market leader in bringing connectivity across Africa. Initial installations under this partnership will begin in early 2022 for sites in Nigeria and Zambia, with an estimated target of close to 1,000 sites to be installed over the next 12 to 24 months. “Our partnership with Clear Blue delivers clean off-grid power to enable our proven, high speed, reliable, and affordable broadband connectivity for Africa’s leading network providers of choice,” said Farhad Khan, CEO of YahClick.

Initial system sales are expected to generate gross margins in line with the Company’s historical average. These orders were not included in Clear Blue’s Q3 bookings of $2.9 million but are expected to be included in Q4 2021 results. The initial orders across 44 sites totaling $425,000 in revenue are expected to have an estimated $225,000 of additional ongoing revenue, representing a total estimated 5-year lifetime contract value of $650,000.

Miriam Tuerk, Cofounder & CEO of Clear Blue, noted, “YahClick is a leader in broadband and satellite services across Africa. We are thrilled to be their partner as they roll out their customer networks across Africa. And this is only the beginning of Clear Blue’s role in bringing wireless power management solutions to unserved and underserved populations.”

With well over a billion people unconnected in Africa, the economic need to provide telecommunication services to underserved populations remains a key driver across the continent. Mordor Intelligence indicates that to meet the growing telecom demand for services globally, over US$4.47 billion in spending on powering telecom tower rollouts will occur in 2022, growing to US$5.25 billion in 2025, a 3.25% CAGR.

About YahClick

YahClick (powered by Hughes) provides commercial Ka-band satellite broadband solutions to unserved and underserved communities across the Middle East, Africa, Central and Southwest Asia. YahClick aims to unlock the socio-economic potential of the communities it serves by bringing the benefits of digital inclusion through its cost-effective and high-performance broadband solutions. Delivered through the High Throughput Satellites (HTS), the service uses the efficiencies provided by the reusable ka-band satellite frequency and is powered by multi-spot beam technology to make satellite broadband affordable and dependable in areas where there is limited to no terrestrial infrastructure.

YahClick is a joint venture between the UAE-based Al Yah Satellite Communications Company PJSC, which is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment Company, and Hughes Network Systems, a subsidiary of EchoStar Corporation.

For more information, visit: www.YahClick.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)

For more information, contact:

Miriam Tuerk, Co-Founder and CEO
+1 416 433 3952
investors@clearbluetechnologies.com
www.clearbluetechnologies.com/en/investors

Nikhil Thadani, Sophic Capital
+1 437 836 9669
Nik@SophicCapital.com

Legal Disclaimer

Neither 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 Statement

This 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 the future phases of the project or future value of this project for any mentioned parties.

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.