|By Business Wire||
|April 3, 2014 07:00 AM EDT||
5BARz International, Inc. (OTCQB: BARZ), (www.5BARz.com) (“5BARz” or “the Company”) a technology leader in the cellular network extender industry, today announced that it has selected Flextronics (NASDAQ:FLEX) as its supply chain solutions and manufacturing partner for the 5BARz Network Extender, an innovative device, which provides improved cellular signals to deliver high quality signals for voice, data, and video reception on mobile and cellular equipped devices.
The partnership greatly expands 5BARz’s manufacturing capabilities to serve the rapidly growing global market demand for improved cellular infrastructure connectivity. 5BARz has developed a patented breakthrough technology, providing users with a plug and play consumer electronic product that represents a key solution for cellular network operators in providing clear, high-quality signal for subscribers with a growing need for improved connectivity.
The partnership with Flextronics will enable 5BARz to deliver its Network Extender products in large volumes with high quality. Additionally, Flextronics’ ability to leverage its global scale and manufacture these products in different regions around the world will benefit 5BARz and its customers.
“We are excited about partnering with a world-class iconic manufacturer for high volume production, allowing us to extend our reach and connect with more customers and channels in several regions,” says Mr. Daniel Bland, CEO of 5BARz International. “5BARz is committed to delivering high quality, cost-effective solutions for our cellular network infrastructure devices on a scalable level. We recently announced our innovation center launch in San Diego and Flextronics’ location will enable seamless logistics and efficient operational procedures as well as a reduction in time-to-market to meet the needs of our customers.”
“We are thrilled to partner with 5BARz and provide them value that increases their competitiveness in the marketplace,” said Mike Dennison, President of Flextronics High Velocity Solutions. “Specifically, we are pleased to provide them with supply chain solutions, including our global scale, that will help to take the Network Extender to the next level.”
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.
Flextronics is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with more than $24 billion in annualized sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics’ service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @flextronics.
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.