Here is Former Apple CEO Gil Amelio's New Tech Darling
LONDON, Oct. 27, 2015 /PRNewswire/ -- Born2Invest, a wholly-owned subsidiary of UK-based M6 Limited today started featuring 5BARz International Inc. (OTCQB: BARZ). Former Apple Chairman and CEO Gil Amelio believes he has found the opportunity of a lifetime. As the current Chairman of San Diego-based 5BARz International Inc., the team under his watch has developed a plug-and-play device that strengthens weak cellular signals. Marketed under the brand name 5BARz, the technology delivers high quality signals for voice, data and video reception on cell phones and other cellular equipped devices.
The iconic technology executive and investor believes that his involvement in a small company puts him right in the middle of a huge megatrend, with new and exciting technology that solves a fundamental problem. Amelio previously served as CEO and Chairman of National Semiconductor and President of Rockwell Communication Systems. He has a Ph.D. in physics and holds 17 patents.
At present, Amelio works hand-in-hand with 5BARz's chief executive Daniel Bland in laying out the company's business strategy. Additionally, Amelio speaks to telco executives on the company's behalf, leveraging his more than 20-year experience as a board member of the largest telco in the United States.
5BARz is well on its way towards creating serious market demand as it caters to an unanswered need in the market, according to Amelio. Recent market data shows that there are 6.8 billion mobile device users worldwide. However, this exponential growth in mobile use has taken its toll on the quality of available spectrum at most telecommunication firms, resulting in poor cellular signal, and eventually, customer attrition. Bain & Company's data reveals that the churn rate for most network operators sits at 2 percent to 2.5 percent monthly.
Speaking at 5BARz' official launch in Barcelona, Spain, Amelio looked backed on the reason why he decided to join the company's ranks. "How strongly do I believe in 5BARz? So strongly that I recently retired from my position as a director for AT&T after 18 years so that I can give a full measure of my time as chairman of 5BARz. I believe that 5BARz is a company with the potential to become one of the next legendary companies in communications technology," he said.
The 5BARz plug-and-play device eliminates the need for antennas, and can boost signal strength to up to 70 db.
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.
About Born2Invest
Born2Invest is a wholly owned subsidiary of UK-based M6 Limited. The company produces a highly-rated mobile application that offers its readers a professionally curated digest of business and finance summaries from the most reputable news organizations, in 80 words or less. Born2Invest is available in 23 native language iterations.
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.
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SOURCE 5BARz International Inc.; Born2Invest
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