Welcome!

News Feed Item

5BARz International Inc. Releases Open Letter to Shareholders

5BARz International Inc. Releases Open Letter to Shareholders:

OPEN LETTER TO SHAREHOLDERS:

2013 was a year of substantive developments for 5BARz. We made great strides in moving the Company to the next level. This, of course, would not have been possible without the steadfast support of our dedicated team of employees and advisors, not to mention the much appreciated support of our stakeholders.

During the last year, our Company has undergone a transformational change that positions us for accelerated growth moving forward. We would like to share some of the main highlights.

One of our more notable developments in the last quarter of 2013 was the addition of Dr. Gil Amelio as our Chairman of the Board. Needless to say, adding an “iconic American business executive” of Gil’s caliber to our team significantly strengthens our Company’s leadership and strategic position as our business develops. The fact that an accomplished technology executive and investor such as Gil would decide to step down from his long-tenured position on the AT&T Board of Directors to lead ours, speaks volumes of both the potential and market opportunity that our Company offers. Gil’s experience and global network will be instrumental in our entering and expanding our product offering to different market segments, an effort that we are already diligently undertaking.

We are also excited to report that we have begun distribution of our product with the delivery of the first of 16,000 units into Mexico. Our strategic decision to commence distribution in Mexico, Latin America’s second largest market, through Computación AM, which boasts over 20,000 clients, positions us for strong growth in 2014 and beyond, setting forth one of the many paths we will continue to focus on.

Innovation remains at the heart of the Company culture and will be the critical ingredient to our long-term success. The hiring of Naresh Soni as our CTO in May, coupled with the opening of our new 5BARz Innovation Center in October, provides us with the design and engineering capabilities to further develop our core technologies and meet the product delivery needs of our partners. Under the leadership of Naresh, who was formerly the CTO of Interdigial, a two billion dollar NASDAQ listed company, and in collaboration with over 18 designers and engineers working around the clock from different points around the world, our Company is sharply focused upon meeting its near-term objectives. Our focus to provide highly-engineered products, integrating the 5BARz technology to our growing pipeline of product applications is our first priority.

Another important milestone this past year was the development of our working relationship with the Maxim Group as our Investment Banking firm. The Firm’s reputation, experience and capabilities provide 5BARz with a significant advantage as we look towards the future, greatly enhancing our access to investment capital that will be instrumental in our continuing effort to innovate, grow and expand.

The successful completion of the various private placements we undertook this past year resulted in our raising in excess of $3 million in net proceeds, allowing us to accelerate the completion of our second-generation device which has been designed to work on the frequency of a major global network carrier with over 300 million mobile subscribers. We believe that our new device will ultimately become the industry standard, positioning 5BARz as the preferred cellular extender solution for network carriers around the world.

Last but not least, this year’s FCC ruling underscoring the need for signal “boosters” that do not adversely affect wireless networks provides 5BARz with a significant and sustainable competitive advantage. 5Barz patented technology incorporates all of the “Network Protection Standard Requirements” set out in the FCC findings while making our product both user and operator network friendly.

Together, all of these developments highlight the tremendous momentum we have moving forward and positions us to become the market leader in the cellular extender market.

When we survey the current state of our Company and the global wireless industry, we see the limitless potential and energy to make 5BARz a great company. Our efforts and success this past year have reaffirmed our strategy and solidified our growth plans. I am delighted to report that we are on track to become the Company we can, and want to be.

Of course we need to walk before we can run, but with your support and our commitment, we believe that 2014 will be a great year and that we are well on our way to fulfilling the vision and opportunity that has brought us together.

Happy, Healthy and Prosperous New Year to you and your family.

Yours sincerely,

/s/ Daniel Bland

Chief Executive Officer

/s/ Dr. Gil Amelio

Chairman of the Board

About 5BARz International Inc.

The 5BARz International Inc. business is focused upon 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 in the US and on the Berlin Stock Exchange (http://www.boerse-berlin.com) under symbol "O5B."

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.