IRVINE, CA--(NewMediaWire - Apr 20, 2017)
- 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.
1 https://www.lifehacker.com.au/2016/03/5g-vs-4g-how-the-next-generation-of-networks-will-improve-your-life/
2 http://www.rcrwireless.com/20170418/carriers/verizon-signs-billion-dollar-deal-with-corning-for-37-2m-miles-of-fiber-for-lte-5g-tag2
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.