Ranplan wins order worth USD 2.5 million (SEK 22.5 million)
Cambridge UK, 4 February 2019 – Ranplan Wireless has secured a significant order with an initial value of USD 2.5 million (SEK 22.5 million) for its suite of network planning tools from Marubun Corporation, its reselling partner in Japan, for deployment by an ambitious mobile operator. Revenue is expected to be recognised during 2019.
Alastair Williamson, Ranplan Wireless CEO, commented, “We are delighted with this order as it provides a solid platform to accelerate our revenue growth in 2019. The size of this deal demonstrates not only the market opportunity for our software solutions but also confirms the strategic direction of the business moving forward.”
Japan is poised to become one of the first countries to leverage the next generation of wireless networks with the roll out of 5G on an industrial scale. The transformation to 5G will bring many benefits to Japan’s economy over the following years and by taking advantage of a tool such as Ranplan Professional to thoroughly plan and design indoor and outdoor networks in coordination in highly dense areas operators will be able to ensure that end-users enjoy reliable, ubiquitous connectivity and maximum quality of service.
Designing and planning 5G networks presents a variety of technical challenges, particularly in the higher frequency bands which will be made available for 5G services in the coming years. Customers using Ranplan’s suite of software tools can typically reduce the cost of deploying the next generation of radio networks by up to 30%.
“We remain committed to continually invest in R&D to develop state-of-the-art solutions that enable our customers and partners to meet the challenges and demands of an all-encompassing connected and intelligent world in the making,” continued Alastair.
Ranplan will present its results for the fourth quarter of 2018 on 20th February 2019.
For further information, please contact:
Alastair Williamson, CEO
Tel: +44 7824 997 689
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.
This press release consists of inside information that Ranplan AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the below mentioned contact person’s agency at 4 February 2019 at 08:25 CET.