Version 7.x will Support Multi-Gigabit Hybrid Cloud and 100,000 plus Site Deployments
October 12, 2023 – Vancouver, Canada – Turnium Technology Group Inc. (TSXV: TTGI; FSE: E48) (“Turnium” or “the Company”), announces that the development of Turnium SD-WAN version 7.0 is progressing towards completion. This new software release will revolutionize Turnium SD-WAN and increase the use-cases and capabilities that Turnium Channel Partners can use to solve common customer issues in today’s cloud-based networked business environment.
“With the SD-WAN market expected to exceed $10B by 2026 (according to Future Market Insights Inc.), version 7.0 will deliver a 10x improvement in performance and allow Turnium to scale to 100,000+ sites – which supports $1M+/month in MRR per enterprise customer and paves the way to expanding in the global telecom market,” said Derek Spratt, Chief Executive Officer at Turnium. “I want to thank Josh Hicks and the entire development team for reaching this momentous milestone.”
Turnium plans to update its forecasts in the Company’s favour of growth with this new updated offering. Version 7.x will enable Turnium to integrate the numerous global partners that have been announced to date, and others that are currently in our pipeline — as Turnium scales from 10,000+ lines currently to 100,000+ lines over the next few years.
The initial 7.0 release will support the following examples of business scenarios:
- Even lower cost cloud-based deployments – Multi-Gigabit Hybrid Cloud deployments that enable Turnium Partners to replace customer networks that use dedicated, expensive, single-vendor circuits with more flexible broadband multi-ISP internet solutions that allow them to connect customers offices to private Data Centers and to multiple cloud providers like Amazon, Microsoft, Google, and IBM.
- Multi-office site-to-site routing at scale – Full-mesh networking along with current hub-spoke designs. Version 7.0 will introduce full-mesh networks as an option. Turnium Partners using version 7.0 and subsequent releases will be able to create networks in which traffic from Edge nodes located at office locations or other sites can be routed directly to other Edge nodes and sites, without traversing a Core node. This site-to-site full-mesh option allows for more flexible routing design and can deliver more efficient network options. Existing hub-and-spoke network designs, used by many Service Provider partners to deploy centralized security solutions, will benefit from version 7.0’s (and subsequent) increased throughput and scalability.
- Much higher speeds with Version 7 – Supporting multi-gigabit solutions for Data-Center-to-Data-Center connectivity and Site-to-Data-Center connectivity enables partners to enhance their Network-as-a-Service (NaaS) offerings with higher speeds and target new sales opportunities.
- Significantly improved performance — allowing Turnium’s Channel Partners to realize higher Return on Investment (ROI) from Edge devices and Core network infrastructure. At the Edge, version 7.0 will enable Turnium Channel Partners to deliver multi-gigabit speeds using commonly available, lower-cost, white-box edge devices. Highly performant and expensive CPU are not needed as Turnium’s processing is so advanced.
Turnium’s 7.0 release is anticipated to be available in the first half 2024 and will set the stage for 7.1 and 7.2 releases later in the year which will expand version 7.0 features by adding link aggregation, encryption, Quality of Service (QoS), and other features. Turnium continues to deploy and support its current version 6.x code base for Channel Partners, delivering a white-label platform that enables Channel Partners to launch managed Network-as-a-Service (NaaS) and SD-WAN solutions under their own brands quickly and cost-effectively.
About Turnium Technology Group, Inc.
Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service provided by Turnium. Both Turnium SD-WAN offerings are available 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.
# # #
Turnium Contact:
Chairman: Ralph Garcea, Email: rgarcea@ttgi.io, Telephone: +1 416-304-9125
Investor Relations: Bill Mitoulas, email: investor.relations@ttgi.io, telephone: +1 416-479-9547
Media inquiries, please email media@ttgi.io
Sale inquiries, please email sale@ttgi.io
CAUTIONARY NOTES
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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.