5BARz Starts Manufacturing For Commercial Rollout of Its Network Extender
Miami, FL, Sept. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 5BARz International (OTCQB: BARZ) (www.5BARz.com) (“5BARz” or “the Company”), a technology leader in the cellular network extender industry and smart Wi-Fi routers, is pleased to announce that our wholly owned subsidiary, 5BARz India Private Limited has started manufacturing of its 5BARz™ ‘DISCOVERY’ Network Extender with Remote Management System to supply Airtel, one of the largest Telco’s in India, along with other major Telco’s in the India market. After securing funding sufficient to commence commercial production, 5BARz is now poised to accelerate the rollout of its revolutionary single box Network Extender in India.
The devices will begin shipping in October. Initially targeted for Delhi and Mumbai, the two largest cities in India, all other major cities in India are now targeted for deployment. The commercial rollout will enable 5BARz to mass deploy and provide remote management of the Network Extenders. With this device, the Telco’s will be able to change the frequency band of operation of the Network Extender remotely from their network operation centers.
The devices will be manufactured by Kaynes Technology from their facilities located in Mysore, India. Ramesh Kannan, Managing Director of Kaynes, commenting on the commencement of commercial production of the Network Extender, said, “We are very pleased that 5BARz has now reached the stage of commercialization in India. We are positioned to handle the potential increase in manufacturing capacity and look forward to meeting all of 5BARz manufacturing requirements.”
Samartha Raghava Nagabhushanam, CEO of 5BARz India, stated, “We are very excited to finally reach the stage of commercial production in India. It has been a huge undertaking and we have experienced many challenges in achieving this accomplishment. We are focused on increasing demand of our revolutionary Network Extender and believe that we have the only device in the marketplace suited for mass adoption by Telco’s in India and around the world. India is just the beginning.”
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of a patented product technology branded under the name 5BARz™. 5BARz™ is a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARz™ incorporates a patented technology to create a highly engineered, single-piece, plug ‘n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity. 5BARz International Inc.’s shares are publicly traded on the OTCBB under the ticker symbol BARZ.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the
Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Investor Contact: 5BARz International Inc. Investor Contact: Mr. Alan Stamper, 727-771-8773 Investor Relations Consulting Services, LLC IR@5BARz.com