Ameritek Ventures Projects Supply of Optical Fiber to Remain Insufficient to Meet Robust Network Demand
March 08 2018 - 9:12AM
InvestorsHub NewsWire
Ameritek Ventures Projects Supply of
Optical Fiber to Remain Insufficient to Meet Robust Network
Demand
Company Advancing Towards Production of Optical
Fiber Preforms
Las
Vegas, NV -- March 8, 2018 -- InvestorsHub NewsWire -- Ameritek
Ventures (OTC: ATVK) (“the
Company”), today announced that it expects the global supply of
optical fiber preforms to remain insufficient to meet industry
demand through 2018. Given its outlook for sustained demand growth
trends for the global technology and telecommunications industries,
Ameritek recently initiated pre-production activities that it
expects will enable preform production in its Roanoke, Virginia
facility in early 2019.
According to Reportlinker, global
market demand for optical fiber in 2016 was in excess of 400
million kilometers (km). Over the next five years, global market
demand is projected to surpass 700 million km/year by 2021. This
level of expected growth is attributable to multiple segments of
the global technology and telecommunications markets which utilize
optical fiber as a network backbone, including mobile phone
network’s implementation of 5G technologies, 4K television, higher
internet bandwidths and fiber to the home installation.
“To
help address the supply/demand imbalance in the global data
marketplace, Ameritek plans to initiate commercial operations with
capacity of 5 million km/year, escalating to 20 million km/year by
the end of 2021,” stated Clinton Stokes III, Ameritek’s Chief
Executive Officer. “We expect Ameritek’s targeted production
capacity to provide a new source of preform supply to help ease
this sustained imbalance occurring across the
industry.”
As an
ever-growing list of devices are connected to the internet,
creating an “Internet of Things (IOT)” that includes cell phones,
alarm systems, thermostats, gaming systems, televisions, appliances
and home automation systems, network bandwidth requirements have
increased at a dramatic rate in recent years. In order to meet
end-user demand, networks must increase their bandwidth in order to
be able to distribute that data.
Wesley Poff, Ameritek’s Head of Technology,
added, “The fiber industry is benefitting from the unprecedented
growth of customer demand for data and the networks that carry that
data. Optical fiber continues to be the preferred medium for
the data highway. The implementation of 5G, higher internet
speeds and bandwidth demand for home applications are consuming
fiber at record rates, which we expect to continue for the
foreseeable future.”
About
Ameritek Ventures
Ameritek Ventures is a manufacturer of
proprietary machinery that is used to produce optical fiber
preforms. These preforms are then used to produce commercial grade
optical fiber. Once produced, this optical fiber is fabricated into
fiber optic cable which serves as the backbone of the
multi-billion-dollar telecommunication
industry.
The
market demand for preforms and optical fiber has experienced rapid
growth in the wireless, cable television, internet and high-speed
data transmission industries. The Company's equipment, processes
and managed system deployments will provide the market with the
highest quality preforms used to manufacture fiber optic cable and
will support significant growth worldwide.
Forward-Looking
Statements
Included in this release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although the company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations
reflected in such forward-looking statements will prove to have
been correct. The company's actual results could differ materially
from those anticipated in the forward-looking
statements.
Investor
Contact:
Steve
Silver / Phil Carlson
KCSA
Strategic Communications
212-896-1220 /
212-896-1233
ssilver@kcsa.com / pcarlson@kcsa.com
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