From operations to stocks: The latest on network extender innovator 5BARz International
5BARz International (OTCQB: BARZ), the San Diego-based company that decided to commence operations in call drop-beleaguered India in 2015, proves once again to consumers and investors that it can facilitate a wide-ranging campaign to help local telcos alleviate their network infrastructure problems.
Just right after a successful trial rollout with a second Tier One network provider, the company announced that it will now focus on accelerating capital raising and business development across India. On March 29, 2016, 5BARz said that it has topped off a completed private placement worth $1,110,000. The investment is boosting the rapid penetration of the local marketplace, which involved additional trial rollouts, infrastructure upgrades, and positioning its flagship product in front of more potential partners and customers. The company’s first local telco partner is Vodafone, the country’s second-largest telecommunications firm.
Last March, the firm also announced the appointment of former Karnataka Electricity Regulatory Commission chairperson M. R. Sreenivasa Murthy as 5BARz India’s newest advisory board member. The company believes that the expertise of Murthy, as long as his long experience in the service provider industry and in the government, will be a substantial help for the company’s goal of making its product an essential entity in the local telco segment.
Samartha Nagabhushanam, Managing Director & CEO of 5BARz India., said that this appointment is critical to the company’s expansion strategies, and is very much in keeping with its leadership. Its two pillars are both respected figures in the global tech and marketing industry. Gil Amelio is a former Apple CEO and AT&T executive while Daniel Bland is a respected globally for his expertise as business incubator and entrepreneur.
Stocks in the company recorded an increase of 37.76 percent in short interest from previous total short interest shares of 213,200. It has now a total of 293,700 shares as of April 28, 2016, the biggest in the entire company history. This is also the reason the company is putting more efforts into reaching more customers in India.
According to CEO Daniel Bland, letting the customers experience the efficacy of its products first-hand will produce organic positive reputation and branding to the company. “This will be key in attracting more investors—both foreign and local—as well as potential partners in the future. Nonetheless, the company is determined to stick to its long-term strategies to ensure that it remains effective in balancing profitability, cost-efficiency, and longevity. This will make our stocks enticing even to all types of investors, even long sellers.”
5BARz also plans to expand outside India. It has been talking to various Southeast Asian telcos since January of this year. After Asia, the company is set to bring its network extender device to South America, Sub-Saharan Africa, Europe, and, to complete its global expansion goals, North America.
The revolutionary extender device
The company’s flagship product—marketed simply as 5BARz—is the first and only network extender device that doesn’t rely on femtocell technology. Instead, it is powered by a unique, critically acclaimed radio frequency technology that the company itself invented. It is also called a plug-and-play device as it no longer needs intricate cabling, obtrusive cords, or incomprehensible installation process to use. The device can be used in enclosed spaces, open areas, as well as in moving vehicles. It also promises 80 percent more battery life and 10 times better data throughput than regular network boosters on the market.
According to Nagabhushanam, the device currently supports both 2G and 3G, but the partnerships it obtained from two leading telcos will make it available in 4G soon. It has also collaborated with investment banker Axis Capital to facilitate the securing of funds crucial in meeting the growing demands from telcos’ loyal customers.