IRVINE, CA--(NewMediaWire - Apr 13, 2017)
- CAPSTONE TECHNOLOGIES GROUP,
INC. (OTC PINK: CBLY), has announced that it is being
approached on almost a daily basis by companies associated with the
Optical Fiber market. These potential clients are looking for
contracts with a provider of Fiber Optics Preforms, Optical Fiber
and Optical Fiber Cable to satisfy the worldwide growth and usage
of mobile devices. Capstone, along with its subsidiaries, PPB
Engineering and Custom Design, Inc. and American Fiber Optics
Group, Inc., is revising its plans to accelerate the build-out of
its scheduled production facility in Roanoke, VA in order to reduce
its time to market as the demand for its products continues to grow
at an even more rapid pace.
"Cellular phone systems have grown to dominate the
telecommunications marketplace. Countries that have had extensive
landline phone systems for a century now already have more cell
phones than landlines. Countries that had not developed
landline-based phone networks skipped them entirely and went
directly to cellular wireless where the adoption rates have been
extremely high. While cellular wireless started out as a voice
network, text messaging became very popular, eclipsing voice for
most users. Smart phones brought the Internet to the phone, and
soon data became the largest traffic generator for cellular
networks. In the first 3-1/2 years of the iPhone, AT&T claimed
their data traffic grew 8000% -- 80 times! Now video is coming to
these same devices, creating an even faster growth rate for
cellular network traffic. As cell phone usage continues to
grow worldwide and more and more data is transmitted through smart
phones each day, the market will continue to rely on Optical Fiber
for the data transmission backbone."1
Cell phone usage is no longer an option for most people in the
developed world. People in business and in daily life are all
but expected to have access to a cell phone. As this demand
continues to grow worldwide and more and more data is transmitted
through these smart phones each day, the market will continue to
rely on Optical Fiber as its data transmission backbone.
Capstone sees all the interest in AFO's new 20 million km plus
Optical Fiber production facility and chatter in the marketplace as
validation of it plans to enter the Optical Fiber marketplace at
this point in time. Capstone Chief Technology Officer, Wesley
Poff, is quoted as saying, "Capstone's subsidiary, American Fiber
Optics Group, will fast-track and continue to expand operations in
the USA while seeking suitable partners throughout the world to
further serve the expansive growth of the Optical Fiber Market. We
see the opportunity and we know that market well, so we plan to
bring our technology to the forefront to better serve what seems to
be a starving appetite for Optical Fiber Cable."
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 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.
1(http://www.thefoa.org/tech/ref/appln/wireless.html)