|By Marketwired .||
|April 20, 2017 09:30 AM EDT|
IRVINE, CA -- (Marketwired) -- 04/20/17 -- CAPSTONE TECHNOLOGIES GROUP, INC. (OTC PINK: CBLY). Customer demand for more data and better coverage throughout the United States is stronger than ever. The next leap in technology is the 5th generation wireless connection. 5G has the ability to transmit more data while providing a more steady and reliable connection. 5G is currently being tested in several markets and is expected to begin widespread implementation in 2020. Many networks will have to be completely upgraded or replaced before they can begin 5G implementation.
"5G is a wireless connection built specifically to keep up with the proliferation of devices that need a mobile internet connection. It's not just your phone and your computer anymore, either. Home appliances, door locks, security cameras, cars, wearables, dog collars and so many other inert devices are beginning to connect to the web. Gartner predicts that 20.8 billion devices will be connected to the Internet by 2020. By comparison, there are currently an estimated 6.4 billion connected devices in the world. That's a lot more devices asking for a quick connection."(1)
Wesley Poff, CTO of Capstone, states, "The shortage of fiber and long term plans for installation of networks has created the condition where network providers are negotiating directly with fiber manufacturers in order to secure a long term supply of optical fiber."
Verizon Communications announced on April 18, 2017, that they signed an agreement with Corning for 20 million km of Optical Fiber per year from 2018 through 2020. They stated that they intend to use this fiber in the building of their networks. Having a long-term agreement for the fiber is meant to insure that as the network is being built, there is fiber and cable available.(2)
The critical component of optical fiber manufacturing is the optical fiber preform. The preform is the precursor to the optical fiber. As the industry has matured, the technology to draw preforms into fiber and to make the fibers into optical fiber cable has become readily available. However, the preform technology and equipment used to make preforms is still difficult to obtain.
Capstone Technologies Group, Inc. and its subsidiary America Fiber Optics Group, Inc. are in the process of bringing additional preform capacity to the market. This additional preform and subsequent fiber manufacturing capability will help serve the tremendous growth in the optical fiber market.
ABOUT CAPSTONE TECHNOLOGIES GROUP
Capstone Technologies Group is perfectly affixed as the Top Structure of a growing list of visionary technology companies, destined to change the world in which we live by taking up the challenge of making the USA the manufacturing giant it once enjoyed. We believe in the strength and ingenuity of the American manufacturing market and the people that are dedicated to bring the best of new technologies to the marketplace, right here in the place where the manufacturing industry was born. We will take the existing foundation and history of American greatness and integrate that with advances in technology, to bring to worldwide consumers those leading edge products they demand.
Capstone is focused on forward looking entities that have distinguished themselves as leaders in their fields and are looking for investment and leadership to move their vision to fruition. We can bring forth the financial, logistical and outside the box thinking to develop a succinct and streamlined path to market.
Safe Harbor Statement:
This press release may contain forward looking statements and or observations which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties include but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other such filings as may be accessed through the OTCBB website. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new product lines noting there is no assurance that we will generate enough revenues to offset those costs. Additional product offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the variables as associated with the general business channel we are operating in, the impact of which cannot be predicted at this time including risks as associated with our product and recent FDA pronouncements. Additionally, our 1-A registration statement will generate additional free trading shares to the marketplace at a pre-determined price which may impact our share pricing within the OTC marketplace in a manner that we cannot predict.
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