Clear Blue Technologies International Inc. announced a purchase agreement under which Clear Blue will provide its Esite-Micro power solution to 20 telecom sites in western Africa. The estimated total Lifetime Contract Value for this order, including recurring revenue, is $425,000 of which $360,000 is expected to ship in Third Quarter 2023. This contract increases Clear Blue's 2023 Year-To-Date bookings to $4,975,000, of which $4,325,000 is expected to be recognized in 2023.

The customer is a Mobile Network Operator (MNO) based in Western Africa and has 98 existing telecom sites powered by eSite Power Systems AB, which Clear Blue acquired on January 23, 2023. This order represents the revenue synergies between eSite and Clear Blue. The new Esite-Micro telecom sites will be fully integrated with Clear Blue's Illumience cloud management and control service, allowing the sites to be monitored and managed remotely by Clear Blue's service team, and providing Clear Blue with recurring revenue from Esite's platform, a first, since the eSite acquisition closed.

Furthermore, Clear Blue's Illumience platform could in the future be added to the customer's existing eSite systems in the field, which is not reflecting in Year-to-Date bookings, but could add $46K of additional recurring revenue.