New York, NY / ACCESSWIRE / July 28, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on 5BARz International Inc. (OTCBB: BARZ).
“We view 5BARz as an intriguing investment and company with a novel approach to improving last mile mobile connectivity for mobile voice and data applications both indoors and in areas of limited mobile coverage,” commented Ajay Tandon, CEO of SeeThruEquity. “We are initiating coverage with a target price of $0.40 per share.”
Additional investment highlights are as follows:
Novel approach to improving mobile connectivity. BARZ’s flagship product, the 5Barz Network Extender, is a sleek device that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. The product is carrier-grade and utilizes proprietary patented and patent-pending technology. The Network Extender addresses a large problem that has historically been too expensive or difficult for mobile telecom carriers to address – addressing the quality of service for mobile subscribers indoors and in areas with limited coverage. BARZ announced a collaboration agreement with a top five global wireless carrier in April 2013 and introduced a carrier grade Network Extender at the Mobile World Congress in Barcelona this February and announced plans to ship devices to four new network operators for testing in 3Q14.
Large market potential with multiple areas for growth. BARZ sees its market potential from addressing what the company believes is the most significant cause of churn in the mobile telecom industry: poor signal quality. Assuming a global industry average of 3% churn, the company believes its products address a market of $27Bn, with the aim of expanding this opportunity as it expands its relationships with telecom operators. BARZ plans to capitalize on this technology through international expansion and the launch of a consumer device in 2015. The company envisions its international expansion will be funded by the creation of international subsidiaries in key geographic regions where it can leverage strong local management teams.
Encouraging additions to management and Board. We are encouraged by the recent additions to the BARZ management team and Board of Directors. In the last year the company has added a new CTO, Naresh Sony, who served as CTO of InderDigital (NASDAQ: IDCC), a 1.8 billion dollar market cap company built on developing and monetizing mobile technology and patents, before joining BARZ as CTO. More recently, BARZ upgraded its Board of Directors by adding Dr. Gil Amelio as Chairman. Dr. Amelio is a well-known technology veteran having served as Chairman and CEO of both Apple and National Semiconductor, in addition to serving on the Board of Directors of AT&T.
The report is available here: BARZ Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms.
Please review important disclosures on our website at http://www.seethruequity.com/.
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of a patented product technology branded under the name 5BARzTM. 5BARzTM is a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARzTM 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. 5BARzTM 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.
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
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