5BARz India Hires Top Telecom Executive to Run Company
March 12 2015 - 6:00AM
Business Wire
5BARz International, Inc. (OTCQB: BARZ), (www.5BARz.com)
("5BARz" or “the Company") a technology leader in the cellular
network extender industry, is pleased to announce that its
subsidiary 5BARz India has hired Samartha Raghava Nagabhushanam to
serve as Managing Director and CEO.
Mr. Nagabhushanam has over two decades of experience in the
global telecom industry and has led large organizations for the
past 12 years. He was the Managing Director of Kyocera Wireless
India, a wholly owned subsidiary of Kyocera group. With over two
decades of experience, he has successfully led marketing, sales,
engineering and manufacturing organizations in the Telecom
Industry.
Samartha is a Communications Engineer from Mysore University and
dedicated his career to creating better products and technologies
in the telecom space. He has over a decade of experience in
building and selling phones for US, Japan, India and LATAM markets.
He also has over a decade of experience in building 3G & 4G
base stations for global markets, which have been sold in over 20
countries.
Talking about the 5BARz market opportunity in India Mr.
Nagabhushanam said, “It is great news for Indian consumers that
5BARz is entering the Indian market. Rapidly increasing consumer
base, faster urbanization, growing health concerns due to towers
near residential blocks and shared cell tower infrastructure is
posing a unique challenge to Operators. In a market of nearly one
billion consumers, our research shows that nearly half of the urban
customers are complaining about the connectivity to cell towers and
the quality of calls and videos. The magnitude of the problem that
5BARz addresses is huge!”.
Talking about the 5BARz product and his appointment, Mr.
Nagabhushanam said, “Our product is a true "plug and play" device.
Once it is switched "on" in our homes, its an absolute farewell to
choppy calls, call drops and slow videos on our mobile devices. All
our field tests in India have proven this absolute user benefit.
While billions have been spent in bettering the phones and
trillions in bettering the internet world, there has been
insufficient engineering focus on the persistent problem of phone
to cell tower connectivity and quality. I am energized to finally
see that 5BARz product entering India and solving this last mile
connectivity problem.”
5BARz CEO, Daniel Bland stated, “we are very excited to have
Samartha join our growing 5BARz family. His expertise and business
success in the India Telecom industry and technology startups is
the ideal combination that we look for in an executive to run 5BARz
India.”
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global
commercialization of a patented product technology branded under
the name 5BARz™. 5BARz™ is a cellular network infrastructure device
for use in the small office, home or for when users are mobile.
5BARz™ incorporates a patented technology to create a highly
engineered, single-piece, plug 'n play unit that strengthens weak
cellular signals to deliver high quality signals for voice, data
and video reception on cell phones and other cellular equipped
devices. 5BARz™ represents a key solution for cellular network
operators in providing clear, high quality signal for their
subscribers with a growing need for high quality connectivity.
5BARz International Inc.'s shares are publicly traded on the OTCBB
under the ticker symbol BARZ.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such
statements. Such forward-looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing, market
acceptance, future capital requirements, and competition in general
that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or
otherwise.
Investor Relations Consulting LLCAlan Stamper,
727-771-8773IR@5barz.com