Ranplan Wireless: Design Order of Significance
Stockholm, Sweden, 3 July 2023
Ranplan's wholly owned subsidiary in the Americas has been contracted by one of the world's foremost technology bellwethers (an existing customer of Ranplan's software) to design to perfection a highly advanced 5G private wireless network. The work - all the essential design aspects of which take advantage of Ranplan's leading suite of radio planning and workflow products - is destined to be carried out by internal and external Ranplan engineering expertise. The order, valued at around SEK 2.5 million, is expected to be substantial revenue recognised in the second half of calendar 2023. The project - associated with additional man-hours - will be dilutive to the gross margin which absent any services elements has had a history of hovering above 95%.
"We feel privileged to have been chosen for a project of this importance and influence. The award is a tribute to the unique capabilities of our product portfolio as well as the proven records in the field of our support engineers and those of our expanding network of ecosystem partners. As an independent supplier of software tools - specifically developed to handle the in- and outdoor in full unison - armed with deep knowledge of the nature of radio propagation in the most intricate of environments and demonstrable qualities in the provision of design services, we are keen to help realise the most pivotal of use cases in the true era of 5G for industrial applications", says Per Lindberg, CEO of Ranplan Group AB.
This disclosure contains information that Ranplan Group AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the contact person, on 03-07-2023 08:50 CET.