SAN DIEGO--(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.