IRVINE, CA--(NewMediaWire - Apr 6, 2017)
- CAPSTONE TECHNOLOGIES GROUP,
INC. (OTC
PINK: CBLY), has announced that it is ready to make a move
on entering the rapidly expanding market need for Fiber Optic
Preforms, through its subsidiary, American Fiber Optics Group, Inc.
(AFO) with the new 20 million km optical fiber production facility
being created for AFO that will be located in Roanoke, VA.
"With large-scale deployment of gigabit network, global demand
for optical fiber and cable grows significantly. Staying at
the peak of the pyramid of the optical fibre and cable industry,
the optical fibre preform
industry witnesses rapid development, with global
demand reaching 10,017 tons in 2015, up 21.6% from a year ago, and
expected to attain 21,000 tons in 2020."1 The
demand in 2015 for 10,017 tons of optical fibre preforms translates
to 370 million km of optical fiber. To put this into context,
Capstone's entry with its 20 million km optical fiber production
facility represents only 5.4% of the market demand and 25% of the
expected annual growth. With the advent of Fiber Optics growth
driven by the demand for cellphones capable of moving from 4G to
5G, more video and TV downloads, the market is seeing unprecedented
expansion. Capstone Technologies Group is in the perfect
position to address this need, as our ability to move forward and
adapt quickly to changing market demands could not be more apropos
for the Fiber Optics Industry.
1http://www.researchandmarkets.com/research/rd2vm3/global_and_china
Capstone COO, Kenneth Mayeaux, is quoted as saying, "Capstone
Technology Group was founded on the concept that businesses that go
to market with well-founded solutions to acquire existing
opportunities will have great success. We will do this by
bringing State-of-the-Art Technology to an industry demanding
quality and quantity that is showing a tremendous growth
curve. We have identified that Technology and are now
expanding our team of highly skilled engineers and technicians to
build Phase 1 of our production facility that is scheduled to come
online in the Summer of 2018, ramping up to a 20 million km annual
capacity. Our goal is to provide the best Fiber Optics
products available in the market place, partner with Market Leaders
and to ride the crest of the Demand Curve."
Capstone Technologies Group, Inc. principals have been following
and studying the Optical Fiber marketplace for several years now
and have seen a steady and unrelenting need for more and more high
quality products. It is with that understanding that it
founded its subsidiary, American Fiber Optics Group, Inc. The
company is now poised to bring its technology to the USA and to the
rest of the world at its new production facility to satisfy the
Fiber Optics industry growth in the next decade and
beyond.
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.
