American Fiber Optics Announces Contract to Purchase Fiber Optic Preform Manufacturing Equipment from PPB Engineering
December 14 2016 - 9:49AM
InvestorsHub NewsWire
PALMETTO, FL--(NewMediaWire - Dec 14, 2016) - American
Fiber Optics Group, Inc., a wholly owned subsidiary of Capstone
Technologies Group Inc. (OTC
PINK: CBLY) announces today that it has executed an
equipment contract with PPB Engineering and Systems Designs, Inc.,
who has more than 20 years' experience in working for and with the
best fiber manufacturers in the world, to supply their highly
respected and state-of-the-art Optical Fiber Preform equipment that
will be the foundation for AFO's new Fiber Optical Cable venture in
the Detroit, Michigan area beginning in 2017.
With the closing of the equipment contract with PPB, AFO has
secured one of the biggest pieces of the venture and can now move
forward with plant design and begin build-out to accommodate the
PPB Preform machines. These Preform manufacturing machines
will arrive in a series of multiple process lines that will
initially increase the preform production capacity to 20 million
kilometers of fiber in Phase 1.
AFO COO, Ken Mayeaux, said, "With the expected growth rate and
demand for Fiber Optic Cable, AFO expects to be contracting for a
Phase 2 expansion in time to increase its capacity to satisfy the
market demand. We are excited about the future of Fiber Optics
Cable in the Detroit, Michigan area, because with plant expansion
and more fiber demand, that means more job creation for American
workers."
For more information and details, please visit our
website: www.afogrp.com
CONTACT INFORMATION
Capstone Technologies Group Inc.
Jamie Mayeaux
888-676-4138
JMayeaux@capstonetechgrp.com
SOURCE: Capstone Technologies Group, Inc.
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