by vinay7d | Nov 8, 2018 | Uncategorized
5BARz India, a wholly owned subsidiary of 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 it is presenting at the 2nd annual Axis Capital Emerging Champions Conclave 2015 on September 2nd and 3rd in Mumbai, India.
5BARz India has recently begun commercial rollout of the 5BARz™ Network Extender in India having recently received its initial purchase order from a tier one telco in India and expects to receive additional purchase orders from other Indian based tier one telcos in the immediate future. Axis has been engaged by 5BARz India to raise $20 million USD to expand operations in India.
Mr. Samartha Nagabhushanam, CEO of 5BARz India stated, “We believe that there is a tremendous need for our Network Extender in India as we continue to receive positive feedback from the tier one telcos that we have been working with since the beginning of the year. We are excited to be presenting at the Axis capital conference and introducing our company to the local investment community.”
Mr. Daniel Bland stated, “Now that we have begun commercialization it is essential that we raise sufficient operating capital at the subsidiary level. This allows the company to fund the growth of operations without the need to fund at the parent level. In addition, it gives us the flexibility to raise substantial capital as we accelerate growth around the world in a non dilutive manner. We consider this important for our shareholders to understand. Axis has proven to be invaluable as we continue to develop our opportunity in India.”
Axis Capital Ltd. Investment Banking Managing Director, Dr. S. Subramanian stated, “The 2nd annual Emerging Champions Conclave 2015 is great opportunity to showcase some of the innovative Indian companies and are excited that 5BARz India will be presenting at this year’s conference. Now that 5BARz India has begun commercial rollout in India, Axis Capital is now ready to initiate our fund raising efforts.”
For further information about 5Barz International, Inc., visit www.5barz.com, read our SEC filings at http://ir.5barz.com/all-sec-filings.
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 OTCQB under the ticker symbol BARZ.
About Axis Capital Ltd.
Axis Capital Limited is a 100% subsidiary of Axis Bank Limited, a leading private sector bank in India. Axis Capital Limited is India’s leading financial service provider. It’s a registered Merchant Banker with SEBI and members of Bombay Stock Exchange Ltd. and National Stock Exchange Ltd.
by vinay7d | Nov 8, 2018 | Uncategorized
We are pleased to announce that 5BARz India pvt. Ltd., have begun commercial rollout of the 5BARz® Network Extender in India. After several months of extensive field testing by the leading multinational Indian Telecom Operator and having successfully completed the vendor registration process, 5BARz India is now an approved vendor of the Operator. Further, 5BARz India got it’s first set of purchase orders from this Operator for the 5BARz® Network Extender.
Samartha Nagabhushanam, 5BARz India CEO, stated, “We are extremely excited to be working on the commercialization of our revolutionary 5BARz® Network Extender in India. Currently, we are in the process of delivering the devices against our first set of purchase orders. We believe the 5BARz® Network Extender will provide an improved indoor user experience with mobile devices in areas in the network that have proven challenging in the past. This is a great beginning for the company.”
Dr. Gil Amelio, Chairman of 5BARz International, stated, “A recognized leader in the global telecommunications industry is adopting our product, and having them be the first in the industry to adopt our transformative product is very gratifying. I look forward to what we believe will be a rapidly growing adoption of the 5BARz® Network Extender throughout the global telecommunications industry in the coming months and years as the industry strives to meaningfully enhance user experience.”
Daniel Bland, CEO of 5BARz International, stated, “Reaching commercialization of the 5BARz® Network Extender is a major milestone in our company’s history. In addition to thanking Dr. Amelio for his steadfast guidance, I would like to thank Naresh Soni, our CTO, and his team of dedicated engineers in San Diego, as well as the engineering team in India, and everyone at 5BARz India for their tireless efforts in accomplishing this challenging task. Our next steps are to expand adoption in India and the rest of the world as fast as possible. This is just the beginning.”
For further information about 5BARz International, Inc., visit www.5barz.com, read our SEC filings at http://ir.5barz.com/all-sec-filings.
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 BARZ.
by vinay7d | Nov 8, 2018 | Uncategorized
5BARz International, Inc. (“5BARz” or “the Company”) a technology leader in the cellular network extender industry, is pleased to announce that its subsidiary 5BARz India unveiled the latest 5BARz® cellular network extender in India, and announced the launch of the product at a press conference held at the ITC Gardenia in Bangalore, India.
The event was attended by a host of industry experts, media, as well as representatives from some of the leading cellular network operators in the Country. Mr. Samartha Raghava Nagabhushanam, the CEO and managing Director of 5BARz India, hosted the presentation and points out that “the 5BARz® unit is going to empower every telecom subscriber to take control of the quality of the network served up to them. This technology will finally enable people to use the full potential of all their connected devices as it was intended. Soon, everybody is going to be asking for their 5BARz®. This is just the beginning.”
The CEO of 5BARz International Inc., Mr. Daniel Bland states that: “this product launch into the market in India, comprised of some 900 million subscribers, represents the culmination of seven years of research and development of our highly sophisticated cellular network extender. Users in India can expect a significant improvement in the performance of their cellular device comprised of clear voice communication, faster data transmission, improved battery life and reduced radiation from the cell phone when in use. We are confident that this product will achieve significant market penetration in India, and equally important we are happy to provide a device that will add such a meaningful improvement for cellular users to end the frustration being experienced with poor signal quality.”
For further information about 5Barz International, Inc., visit www.5barz.com, read our SEC filings at http://ir.5barz.com/all-sec-filings and subscribe to Email Alerts at http://ir.5barz.com/email-alerts to receive company news and shareholder updates.
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, is pleased to announce that its subsidiary 5BARz India has signed an investment banking engagement agreement with Axis Capital Ltd. of Mumbai, India.
5BARz India has been working with several tier one telco’s in India conducting field trials of it’s breakthrough 5BARz Network Extender device. Based on the positive results from those field trials the company is now preparing for the commercial rollout of the product in the Indian market. 5BARz India intends to raise up to 20 million USD to fund operations.
Mr. Samartha Nagabhushanam, CEO of 5BARz India, stated, “We are very excited that India is the first region in the world to be commercializing the 5BARz network extender. We believe that our first generation device is the best cellular network extender in the market place today”.
Mr. Daniel Bland stated, “One of our fundamental strategies is to raise sufficient operating capital in each our subsidiary companies. We expect to continue this financing strategy as we bring the other subsidiaries on line in the future. We intend to form a total of ten subsidiaries that will represent ten specific marketing regions around the world. This financing strategy should provide us with sufficient capital to accelerate our growth and expansion around the world. The engagement of Axis is an important step in our strategy rollout.”
On receipt of the mandate Axis Capital Ltd. Investment Banking Managing Director, Dr. S. Subramanian said, “It’s a matter of pride that we are associated with 5BARz International, Inc., for fund raising for their subsidiary in India. Axis Capital is known for backing up great entrepreneurs and bringing new sectors to the market. We are excited to work with a company whose Management Team and Board of Advisors includes eminent personalities such as Dr. Gil Amelio (ex-CEO & Chairman, Apple Computer), and Mr. Finis Conner – Founder, Seagate Technologies”.
For further information about 5BARz International, Inc., visit www.5barz.com, read our SEC filings at http://ir.5barz.com/all-sec-filings and subscribe to Email Alerts at http://ir.5barz.com/email-alerts to receive company news and shareholder updates.
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.
About Axis Capital Ltd.
Axis Capital Limited is a 100% subsidiary of Axis Bank Limited, a leading private sector bank in India. Axis Capital Limited is India’s leading financial service provider. It’s a registered Merchant Banker with SEBI and members of Bombay Stock Exchange Ltd. and National Stock Exchange Ltd.
by vinay7d | Nov 8, 2018 | Uncategorized
5BARz International, Inc. (“5BARz” or “the Company”) a technology leader in the cellular network extender industry, is pleased to announce that its subsidiary 5BARz India has hired Samartha Raghava Nagabhushanam to serve as Managing Director and CEO.
Mr. Nagabhushanam has over two decades of experience in the global telecom industry and has led large organizations for the past 12 years. He was the Managing Director of Kyocera Wireless India, a wholly owned subsidiary of Kyocera group. With over two decades of experience, he has successfully led marketing, sales, engineering and manufacturing organizations in the Telecom Industry.
Samartha is a Communications Engineer from Mysore University and dedicated his career to creating better products and technologies in the telecom space. He has over a decade of experience in building and selling phones for US, Japan, India and LATAM markets. He also has over a decade of experience in building 3G & 4G base stations for global markets, which have been sold in over 20 countries.
Talking about the 5BARz market opportunity in India Mr. Nagabhushanam said, “It is great news for Indian consumers that 5BARz is entering the Indian market. Rapidly increasing consumer base, faster urbanization, growing health concerns due to towers near residential blocks and shared cell tower infrastructure is posing a unique challenge to Operators. In a market of nearly one billion consumers, our research shows that nearly half of the urban customers are complaining about the connectivity to cell towers and the quality of calls and videos. The magnitude of the problem that 5BARz addresses is huge!”.
Talking about the 5BARz product and his appointment, Mr. Nagabhushanam said, “Our product is a true “plug and play” device. Once it is switched “on” in our homes, its an absolute farewell to choppy calls, call drops and slow videos on our mobile devices. All our field tests in India have proven this absolute user benefit. While billions have been spent in bettering the phones and trillions in bettering the internet world, there has been insufficient engineering focus on the persistent problem of phone to cell tower connectivity and quality. I am energized to finally see that 5BARz product entering India and solving this last mile connectivity problem.”
5BARz CEO, Daniel Bland stated, “we are very excited to have Samartha join our growing 5BARz family. His expertise and business success in the India Telecom industry and technology startups is the ideal combination that we look for in an executive to run 5BARz India.”
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.
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