by vinay7d | Nov 8, 2018 | Uncategorized
5BARz India Private Limited, a leading technology start-up providing fastest network connectivity for cellular and broadband networks today announced the signing of a landmark strategic deal with a top Internet Service Provider (ISP) to connect 5 million Indian homes to the Internet.) The Company, a wholly owned subsidiary of San Diego-5BARz International (OTCQB:BARZ) (www.5BARz.com), also disclosed that it has entered the wireless router business through its advanced Wi-Fi broadband router.
The agreement stipulates a commitment by the top ISP to deploy a minimum of 5 million 5BARz Wi-Fi routers over a period of five years. 5BARz India secured this order for its advanced Wi-Fi experience suite, which is delivered through its next generation router as well as its 5BARz Smart Experience connectivity software. The Company did not disclose the specific terms of the agreement honoring confidentiality.
Daniel Bland, Founder and Global CEO of 5BARz International, Inc., commented on today’s news, “The deployment agreement with this ISP marks an exciting milestone for 5BARz as we have now entered the Wi-Fi router space. Our best in class router serves the substantial need for better broadband in India, a market with significant growth potential. With the launch of our Wi-Fi router business, we now have a portfolio of technology solutions consisting of our cellular network extender and the broadband router, and now offer a diversified suite of best in class products enhancing wireless connectivity throughout the home. Through our Wi-Fi router business, we have created parallel sales strategies and revenue generating opportunities, enhancing value for both current and future investors.”
Vasan Paulraj, Managing Director and Business Head – Financial Sponsors Group at Axis Capital, which serves as 5BARZ India’s Investment Banker, commented on today’s news, “This is one of the most significant deals in the Indian telecom industry in the last several years and the way that 5BARz India’s last mile connectivity is monetized is extremely innovative. The creativity of 5BARz management in structuring this deal exemplifies the qualities we look for in the executive teams of those technology companies with which we partner, and was the key to successfully closing this transaction. We are in the process of raising the capital required for this rollout and fully support 5BARz India in this endeavor.”
Samartha Nagabhushanam, CEO of 5BARz India Private Limited, commented, “Our 5BARz Wi-Fi Smart Experience will be available for the Indian market during this quarter, and we plan to launch the suite in multiple cities within the country over the coming months. We strive to take the connectivity experience to a new level, offering products and services that behave like an in-home assistant.”
Gil Amelio, Chairman of the Board of 5BARz International, Inc, commented, “This took a tremendous amount of effort to get this deal done and I would like to congratulate the entire team. This deal is a testament to our flexibility in responding to and recognizing market trends and market opportunities. Furthermore, we are extremely excited about the potential of this model in other markets around the world and look forward to continued growth in the future.”
About Axis Capital
Axis Capital is amongst India’s leading Investment Bank. Axis Capital is 100% subsidiary of Axis Bank, India’s 3rd largest Private Bank. Axis Capital has a track record of bringing companies in emerging sectors to the Indian capital market. Axis Capital maintains dominance as the #1 ECM Banker in Indian Capital Markets having successfully completed 41 ECM/ Block, 23 M&A/ Advisory, 5 Private Equity, 4 Structured Finance and 5 Public Debt transactions worth ~INR 70,000 crore since January 2015.
About 5BARz India
5BARz India Private Limited is one of India’s most promising technology start-ups that is well equipped to provide seamless connectivity solutions. 5BARz India is a part of 5BARz International Inc., a start-up that is delivering solutions for cellular and broadband network operators in providing clear, high quality signal and superior connectivity for their subscribers. 5BARz™ with its 2 state-of-the-art products, 5BARz™ Network Extender for cellular connectivity and the 5BARz™ Wi-Fi Router for broadband connectivity, is striving to solve the problem of last mile connectivity. Due to the plug & play nature and zero installation cost, the 5BARz™ suite of products is emerging as the most attractive proposition in India.
The ultra-portable 5BARz™ Network Extender incorporates a patented technology to create a high engineering based, single-piece, plug and play device that strengthens weak cellular signals by amplifying even the poorest cellular signals from 1 bar to 5 bars, ensuring uninterrupted connectivity at home and work.
The 5BARz™ ithrough its single-piece, plug and play device introduces a break through approach in providing uninterrupted and superior coverage and connectivity across home and work with a smart approach to broadband.
For further information about 5BARz International, Inc., visit www.5BARz.com.
For further information on 5BARz India visit www.5BARzIndia.com
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of patented product technologies branded under the name 5BARz®. 5BARz® is a cellular and broadband connectivity solutions company for application in the small office, home or for when users are mobile. 5BARz® incorporates patented technology to create highly engineered, single-piece, plug ‘n play units that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices cellular connectivity device and an uninterrupted and smart solution for the broadband coverage solutions. 5BARz® represents a key solution for 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 5BARZ.
by vinay7d | Nov 8, 2018 | Uncategorized
5BARz International, Inc. (“5BARz” or “the Company”), a technology leader in the cellular network extender industry, today announced that its wholly owned subsidiary, 5BARz India Pvt., has provided sales guidance for its operations in the Indian market for the remainder of 2016, as well as for calendar year 2017.
5BARz, through its subsidiary 5BARz India, continues to make significant inroads into the Indian market as it commercializes its network extender business in that country. In Q1 2016, 5BARz India received an initial purchase order for the 5BARz network extender from a tier-one telecommunications company in India and in Q2 2016 received a follow-on purchase order from that same entity. Additionally, 5BARz India recently received multiple purchase orders from a second, tier-one telecommunications company in India. After deploying a proven product and improving the cellular experience for consumers across India, and with the endorsement of the top two cellular operators in India as the partner of choice for boosting cellular coverage through its network extender, 5BARz India expects to have sales revenue of approximately $2 million during Q3 and Q4 2016 combined.
5BARz expects the sales momentum for the network extender in India to continue through the 2017 calendar year. With the adoption rate of the 5BARz network extender steadily increasing in India, and the planned onboarding of additional, tier-one telecommunications providers in that country, 5BARz India forecasts revenues of approximately $10 million in 2017.
Commenting on these forecasts, Samartha Nagabhushanam, Managing Director & CEO, 5BARz India Private Limited said, “Our manufacturing facilities, which are located in India, have the capacity to produce several thousand network extenders per month. Additionally, we have completed supply chain management operations. As a result, our delivery capacity, predictability and control are primed to support ongoing and increasingly large purchase orders from our current and future telecommunications provider customers.”
Daniel Bland, CEO, 5BARz International stated, “This is an exciting time for our Company, as we continue to make significant headway through the adoption of our network extender by two, top-tier telecommunications companies in India. They are not only the largest and second largest telco’s in India, but also are two of the three largest telco’s in the world, and we believe that their endorsement is indicative of the quality and market opportunity for our network extender product. I congratulate Samartha and the entire team in India and San Diego in achieving this major milestone, and look forward to the continued growth of our Company as we commercialize our innovative technology offerings.”
About 5BARz India
5BARz India Private Limited is one of India’s most promising technology start-ups that is equipped to improve signal strength in poor coverage areas in India. Due to the 5BARz™ plug & play and zero installation cost device 5BARz™ Network Extender, 5BARz™ is emerging as the most attractive proposition in solving the problem of the last mile of wireless connectivity. 5BARz India is a part of 5BARz International Inc., a start-up that is delivering solutions for cellular network operators in providing clear, high quality signal for their subscribers. The ultra-portable 5BARz™ Network Extender incorporates a patented technology to create a high engineering based, single-piece, plug and play device that strengthens weak cellular signals by amplifying even the poorest cellular signals from 1 bar to 5 bars, ensuring uninterrupted connectivity at home and work.
For further information about 5BARz International, Inc., visit www.5BARz.com.
For further information on 5BARz India visit www.5BARzIndia.com
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of patented product technologies branded under the name 5BARz®. 5BARz® is a cellular and broadband connectivity solutions company for application in the small office, home or for when users are mobile. 5BARz® incorporates patented technology to create highly engineered, single-piece, plug ‘n play units that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices cellular connectivity device and an uninterrupted and smart solution for the broadband coverage solutions. 5BARz® represents a key solution for 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 5BARZ.
by vinay7d | Nov 8, 2018 | Uncategorized
5BARz International, Inc. a technology leader in the cellular network extender industry, is pleased to announce that through our wholly owned subsidiary, 5BARz India Pvt. today announced that it has been engaged to provide the 5BARz™ network extender device to Bharti Airtel (“Airtel”), India’s largest telecommunications services provider.
The 5BARz™ plug and play network extender will be installed at Airtel subscribers’ homes and offices where the cellular signals are weakened because of thick concrete walls and the intensely cluttered buildings in urban areas. The 5BARz™ Network Extender will provide to this user base a vastly improved cellular connectivity for clear voice calls and faster data throughputs whilst conserving the battery usage of mobile handsets.
Samartha Nagabhushanam, CEO 5BARz India, stated, “We are very excited to be working with Bharti Airtel, India’s leading telecom operator. Encouraged by our previous successes in the field and laboratory trials we are now looking forward to work with Bharti Airtel and roll-out our services pan India in the coming days.”
The 5BARz™ network extender will typically cover a two bedroom apartment or a small office. This technology solution is aimed at improving the quality of voice calls as also the web browsing experience. The California based startup, 5BARz, manufactures and markets network extenders for cellular signals, similar to a WiFi signal repeater, and has proven successful in improving the customer’s mobile experience, particularly in densely populated urban populace.
The technology deployment by Airtel is a part of its network transformation program – Project Leap, a strategic company initiative aimed at perceptibly improving its network quality and delivering the best customer experience.
About 5BARz India
5BARz India Pvt. Ltd. is one of India’s most promising technology start-ups that is best equipped to improve signal strength in poor coverage areas in India. Due to the 5BARz™ plug & play feature, and zero installation cost of the 5BARz™ Network Extender, 5BARz™ is emerging as the most attractive proposition in solving the problem of the last mile of wireless connectivity. 5Barz India is a part of 5BARz International Inc., a start-up that is working towards enabling solutions for cellular network operators in providing clear, high quality signal for their subscribers, with a growing need for high quality connectivity. The 5BARz™ portable Network Extender incorporates patented technology to create a highly engineered, single-piece, plug and play device that strengthens weak cellular signals by amplifying the poorest signals from 1 bar to 5 bars, thereby ensuring telecom connectivity at home and office.
For further information about 5BARz International, Inc., visit www.5BARz.com.
For further information on 5BARz India visit www.5BARzIndia.com
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of patented product technologies branded under the name 5BARz®. 5BARz® is a cellular and broadband connectivity solutions company for application in the small office, home or for when users are mobile. 5BARz® incorporates patented technology to create highly engineered, single-piece, plug ‘n play units that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices cellular connectivity device and an uninterrupted and smart solution for the broadband coverage solutions. 5BARz® represents a key solution for 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 5BARZ.
by vinay7d | Nov 8, 2018 | Uncategorized
SAN DIEGO, March 15, 2016– 5BARz International, Inc., (OTCQB: BARZ), (www.5barz.com) (“5BARz” or “the Company”) a technology leader in the cellular network extender industry, is pleased to announce that through our wholly owned subsidiary, 5BARz India Pvt. Ltd., we have been engaged to provide the 5BARz Network extender device to a second Tier 1 Cellular Network operator in India. The initial purchase order from this network operator follows an extensive program of field testing and laboratory tests, and a review process of almost one year. As a result the Company has become an approved vendor to this industry’s leading Cellular Network operator.
Samartha Nagabhushanam, 5BARz India, CEO stated “We are honored to be working with these industry leaders in the telecommunications industry in India. As a result of this new order, our product deployment potential has now been substantially increased, giving us access to 42% of the entire subscriber base in India, a market which the Telecom Regulatory Authority of India reports to be 981 million subscribers (June 2015). Our goal is by the end of the year we will be working with all of the tier one telco’s in India. The 5BARz® Cellular Network Extender will provide to this user base vastly improved cellular connectivity, comprised of 5BARz of clear cellular signal, a substantive increase in data upload and download speeds, and the elimination of dropped calls.
For further information about 5BARz International, Inc., visit www.5barz.com.
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.
by vinay7d | Nov 8, 2018 | Uncategorized
5BARz India Pvt. Ltd., a leading technology startup in improving last mile cellular network connectivity, today announced the ground up SMT (Surface Mount Technology) manufacturing of its range of 5BARz Network Extenders at Bengaluru.
The 5BARz™ network extender is a highly engineered, single piece, plug and play product that enhances the cellular signal in low or poor coverage areas and delivers high quality signals for voice and data reception. In a proactive step to address the issue of low in – building connectivity in India, 5BARz India will provide a range of network extenders that will be customized to specific telecom operators in India. The first range of devices are designed for 3G networks.
Elaborating on the manufacturing process, Samartha Nagabhushanam, MD & CEO, 5BARz India Pvt. Ltd. said, “Working closely with 5barz International, our parent company, we have enabled a composite technology availability in India for the 5BARz network extenders. This enables us to source the best quality components from global manufacturers after a stringent selection to ensure product longevity. This process not only enables us to have multiple sources of component supply but also handle high volumes of demand.”
5BARz India has adopted strict quality control measures for components and SMT using innovative methods to reduce the potential field failures. Using only RoHS compliant components and lead-free soldering techniques in SMT (Surface Mount Technology) line, 5BARz India is principally aligned to ensuring ‘Green Earth’ manufacturing.
Elaborate Design Verification tests are integrated on the production floor for all parts and sub-assemblies, including the radiating, mechanical elements and the plastic components for reliability of the product. The network extender undergoes an Accelerated Life Test for full functionality and performance in emulated Indian home and office scenarios, where 5BARz India intends to deploy maximum number of Network Extenders.
5BARz India, through these comprehensive and competitive sourcing, manufacturing and testing processes ensures that the highest quality products are shipped to its valued telecom customers.
About 5BARz India
5BARz India Pvt. Ltd. is one of India’s most promising technology start-ups that is best equipped to improve signal strength in poor coverage areas in India. Due to the 5BARz™ plug & play feature, and zero installation cost of the 5BARz™ Network Extender, 5BARz™ is emerging as the most attractive proposition in solving the problem of the last mile of wireless connectivity. 5Barz India is a part of 5BARz International Inc., a start-up that is working towards enabling solutions for cellular network operators in providing clear, high quality signal for their subscribers, with a growing need for high quality connectivity. The 5BARz™ portable Network Extender incorporates patented technology to create a highly engineered, single-piece, plug and play device that strengthens weak cellular signals by amplifying the poorest signals from 1 bar to 5 bars, thereby ensuring telecom connectivity at home and work.
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