Las Vegas, NV -- February 14, 2018 -- InvestorsHub NewsWire
-- Ameritek Ventures (OTC: ATVK) (“the Company”), a leading
manufacturer of high quality optical fiber preforms to the global
telecommunications industry, today announced plans to complete the
construction of machines that will enable the production of
specialty optical fiber preforms (PCVD) at its Roanoke, VA
manufacturing facility. Assembly is expected to be completed in the
third quarter of 2018.
Specialty optical fiber is a fast-growing segment of the optical
fiber industry and is currently used in the telecommunications and
the oil and gas industries. The segment carries higher margins than
standard single-mode optical fiber. These machines will provide
Ameritek with the capability to manufacture and sell PCVD specialty
optical fiber preforms, which could represent an annual revenue
opportunity in excess of $12.5 million to Ameritek.
Clinton Stokes, III, Ameritek’s Chief Executive Officer stated,
“We are excited about advancing our production capabilities in the
Roanoke facility. These specialty PCVD optical fiber preform
machines will help validate Ameritek’s technology among the best in
the world, while providing revenue that can supplement our efforts
to build out a new manufacturing facility that will enable Ameritek
to capitalize on the larger opportunity to manufacture it’s OVD
machines to produce and commercialize OVD optical fiber preforms.
We remain confident that our technology will produce preforms that
can compete with the largest manufacturers in the world on the
basis of cost and quality, enabling Ameritek to participate in an
industry with high margins, few competitors, and a solid outlook
for future growth.”
About Ameritek Ventures
Ameritek Ventures is a manufacturer of proprietary machinery
that is used to produce optical fiber preforms. These preforms are
then used to produce commercial grade optical fiber. Once produced,
this optical fiber is fabricated into fiber optic cable which
serves as the backbone of the multi-billion dollar
telecommunication industry.
The market demand for preforms and optical fiber has experienced
rapid growth in the wireless, cable television, internet and
high-speed data transmission industries. The Company's equipment,
processes and managed system deployments will provide the market
with the highest quality preforms used to manufacture fiber optic
cable and will support significant growth worldwide.
Forward-Looking Statements
Included in this release are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Although the company believes that the expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations reflected in such
forward-looking statements will prove to have been correct. The
company's actual results could differ materially from those
anticipated in the forward-looking statements.
Investor Contact:Steve Silver / Phil CarlsonKCSA Strategic Communications212-896-1220 / 212-896-1233ssilver@kcsa.com / pcarlson@kcsa.com