Clear Blue Technologies Provides Corporate Update on Growth Opportunities

Rhea-AI Summary

Clear Blue Technologies (TSXV: CBUTD) reports commercial progress after a December 2025 LOI with a major European satellite provider, including 450 Pico-Plus units sold (~CA$625,000) to date and an expected >1,000 total units by end-2026. A CA$500,000 LEO co-development contract expands defense and off-grid internet applications. Additional activity includes ~CA$2.0 million Africa telecom purchase orders YTD and customer funding wins supporting tower rollouts in Liberia and Zambia.

The company highlights new partnerships and pilots across satellite, defense, IoT, and Arctic infrastructure markets that could drive further deployments.

Positive

• 450 Pico-Plus units sold (~CA$625,000) to launch partnership
• Expected >1,000 units ordered by end-2026
• LEO co-development contract valued at CA$500,000
• CA$2.0 million in Africa telecom purchase orders year-to-date
• Customer iSAT secured US$15 million to fund tower rollouts

Negative

• Original multi-year LOI remains non-binding, creating order uncertainty
• Revenue concentration risk from a single large satellite beachhead customer
• Firm long-term order book not yet disclosed despite target deployments

Building off the success of its first large satellite beachhead customer, Clear Blue is executing on significant opportunities in space, defense, and critical infrastructure applications

Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Clear Blue Technologies International Inc. (TSXV: CBLU) (FSE: 0YA0) ("Clear Blue"), the Smart Off-Grid™ Company, announces that today it is pleased to provide an update on its business operations.

Over the last two years, Clear Blue has developed a successful commercial partnership with one of the world's largest satellite service providers headquartered in Europe. The partnership, announced in December 2025, resulted in a non-binding Letter of Intent ("LOI") for a multi-year supply agreement of its Pico-Plus product. Since then, 450 units (totaling approximately CA$625,000) have been purchased under the framework. The original LOI targeted approximately 15,000 potential deployments and the Company currently expects more than a total of 1,000 units will be ordered by 2026-year end.

The relationship has since deepened with the inclusion of a Low Earth Orbit (LEO) co-development contract, valued at CA$500,000, to integrate the Company's proprietary power systems to deliver resilient internet access for off-grid applications and offer resilient back up power for mission critical security and defence infrastructure. The development project represents another application and large-scale market opportunity for its Pico-Plus product with the same client. The potential target markets for this offering include Africa, Europe, Canada, and Southeast Asia.

As a result, Clear Blue has cemented its position in the industry with this beachhead customer and has used the opportunity to respond to new market demands in satellite service, defense, and critical infrastructure applications.

The Company would like to highlight the following additional business development initiatives:

• Early product testing with a leading Middle Eastern satellite services operator for a mobile communications product scoped for military, security, and commercial applications

• Working with another European satellite communication services provider to develop Internet of Things (IoT) enabled products

• Creating partnership pathways with companies to provide an end-to-end satellite and power solution for Canada's Arctic sovereignty investments

• Collaborating with a global leader in commercial weather forecasting services to implement thunder and lightning alert services through satellite connectivity

• Following a successful two-site pilot in 2025, contract discussions are underway with an existing Clear Blue client to deploy a network of systems for security and border protection use in Africa

Given the increasing geopolitical tensions and recognition of satellite connectivity providing a backbone for secure communications, Clear Blue is capitalizing on the increased opportunities that expand its geographic reach outside of Africa. Military and defence applications are the focus along with the need for more critical infrastructure which are well suited for the Company's technologies and products.

Additionally, Clear Blue's Africa telecom activity continues its traction with approximately CA$2.0 million in purchase orders received year-to-date along with visibility of additional potential contracts throughout the remainder of 2026.

On March 12, 2026, iSAT Africa ("iSAT"), a Clear Blue customer, secured US$15 million in funding from Mirova to support its telecom rollout in Liberia and Zambia. This funding is part of iSAT's broader 1,000-tower expansion strategy across Sub-Saharan Africa. With the help of Clear Blue's smart power solutions, these towers will replace diesel-powered ones, resulting in significant costs and emissions reductions.

Overall, Clear Blue's focus on satellite applications in response to improving market tailwinds has positioned the Company for new growth opportunities. This has also led to other potential applications in critical infrastructure as governments and commercial entities recognize the value of distributed, smart power. The Company's base business continues to perform and the recent customer funding, along with a faster moving regulatory backdrop, is expected to help telecom deployments in Africa.

About Clear Blue Technologies International

Clear Blue Technologies provides Smart Off-Grid™ power solutions and services for mission-critical infrastructure such as telecommunications, Internet of Things (IoT), and street lighting. The Company's technology enables cost savings, predictive maintenance, and reliable power in remote or challenging environments.

For Further Information:

Clear Blue Technologies International Inc.
Miriam Tuerk
Co-Founder and CEO
Phone: +1 (416) 433-3952
Email: investors@clearbluetechnologies.com
Website: www.clearbluetechnologies.com

Panolia Investor Relations Inc.
Brandon Chow
Principal & Founder
Phone: +1 (647) 598-8815
Email: brandon@panoliair.com

Legal Disclaimer

This press release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the following: commercial target of 15,000 deployments will be successful; the co-development of the LEO application continues to be a large-scale market opportunity; and market tailwinds will provide the Company new growth opportunities. Forward-looking information is based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to the risks, uncertainties and assumptions described under "Financial Instruments" and "Risks and Uncertainties" in the Company's Management's Discussion and Analysis for the fiscal year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.ca, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake any obligation, to update or revise any forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the 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 the release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295680

FAQ

What did Clear Blue (CBUTD) announce about its satellite partnership on May 4, 2026?

Clear Blue announced increased commercial activity with a European satellite provider, including 450 Pico-Plus units sold (~CA$625,000). According to the company, the relationship added a CA$500,000 LEO co-development contract and targets over 1,000 units by end-2026.

How much revenue has Clear Blue (CBUTD) received from Africa telecom orders in 2026?

Clear Blue reported approximately CA$2.0 million in Africa telecom purchase orders year-to-date. According to the company, these orders support telecom tower rollouts replacing diesel power and signal further potential contracts through 2026.

What is the value and purpose of the LEO co-development contract for CBUTD?

The LEO co-development contract is valued at CA$500,000 and aims to integrate power systems for resilient off-grid internet and backup power. According to the company, the work targets military, defense, and critical infrastructure applications across multiple regions.

Does Clear Blue (CBUTD) have confirmed long-term orders from the December 2025 LOI?

No; the original LOI is non-binding and initial purchases total 450 units (~CA$625,000). According to the company, it expects over 1,000 units by end-2026 but long-term binding orders have not been disclosed.

How does the iSAT funding impact Clear Blue (CBUTD) business opportunities in Africa?

iSAT secured US$15 million to support telecom rollouts, which could drive Clear Blue deployments for tower power replacement. According to the company, this funding aligns with a 1,000-tower expansion plan across Sub-Saharan Africa where its solutions may be used.