Turnium and Metro Lightspeed Announce New Partnership Agreement - Introducing Next Generation Internet Connectivity Solutions to the Malaysian Market and Asia Pacific Region

Metro Lightspeed SDN BHD, an existing Turnium Channel Partner signs a new 60-month licensing agreement, enhancing wireless, POS and business connectivity solutions for the Malaysian and Asia Pacific Market.

May 04, 2023 8:30 AM EDT | Source: Turnium Technology Group Inc.

Vancouver, Canada--(Newsfile Corp. - May 4, 2023) - Turnium Technology Group Inc. (TSXV: TTGI) ("Turnium" or "the Company"), an industry leader in cloud-native software-defined wide area networking solutions (SD-WAN), announces that Metro Lightspeed SDN BHD ("Metro Lightspeed") has signed a multi-year term volume commitment licensing agreement with Turnium. The new agreement between Metro Lightspeed and Turnium involves both companies collaborating actively to identify and develop further growth opportunities within the Malaysian market.

Tommy Tan, Director of Sales at Metro Lightspeed commented, "We have been partnered with Turnium for many years, and they have proven to be trusted and instrumental in Metro Lightspeed's growth efforts across Malaysia. Together we can ensure our business customers can run their operations efficiently without risk of service interruption, managing and improving internet connections that keep our customers online, all the time. Extending our partnership agreement with Turnium was an easy choice, as it positions us to help more Malaysian and Asia Pacific businesses eliminate downtime, drive key business metrics and improve merchants' ability to process transactions quickly and securely."

Metro Lightspeed provides multi-carrier wireless and wireline network services for customers across the Malaysia and the Asia Pacific market. Metro Lightspeed's suite of solutions, which includes Turnium, assists business customers by delivering more reliable internet connectivity, higher performance from Voice over IP services, and giving businesses resilient connections that make point-of-sale and other business applications more reliable.

"We are delighted to continue to grow our channel partnership with Metro Lightspeed to bring better internet, wireless connectivity and reliability to businesses across the Malaysia and other regions," said Derek Spratt, Turnium CEO. "Metro Lightspeed has been a great partner for Turnium in entering a new and growing market, and we are very excited to work with their team to deliver real world benefits to their customers."

Turnium is an independent software developer and vendor that has been building software-defined wide-area networking software since 2012. Turnium software can be branded and bundled into integrated solutions by its channel partners to enhance the value and experience of their managed services.

About Metro Lightspeed SDN BHD

Founded in 2021, Metro Lightspeed is a Network and Managed Services Company, connecting businesses and devices to the Internet, across Malaysia. The company assists its businesses customers in building resilient networks with secure and high-performance wireless and wired connectivity.

For more information, visit https://metrolightspeed.my/

About Turnium Technology Group Inc.

Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, containerized, disaggregated software platform that OEM channel partners host, manage, brand, and price. Turnium is also available to Resellers as a Turnium-branded managed service. Turnium SD-WAN solutions is sold through a channel partner program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.

For more information, contact sales@ttgi.io, visit www.turnium.com, or follow us on Twitter @turnium.

About SD-WAN

SD-WAN is revolutionizing the networking and telecommunications industry by abstracting secure, high-speed networking and network control from underlying physical circuits. SD-WAN frees enterprises, small and medium businesses, cloud and managed services providers from the business and cost constraints imposed by traditional telecommunications companies.

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Turnium Contact:

Investor Relations: Bill Mitoulas, Email: investor.relations@ttgi.io, Telephone: +1 416-479-9547

Media inquiries: please email media@ttgi.io.
Sales inquiries: please email sales@ttgi.io

www.ttgi.io, www.turnium.com


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Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information 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 state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the Company may terminate and not proceed with the Agreement, or that the Agreement and associated transactions will not be successfully completed for any reason (including failure to obtain the required acceptance from the TSX Venture Exchange). The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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