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Re: Favorable1 post# 2668

Monday, 06/24/2019 10:22:47 AM

Monday, June 24, 2019 10:22:47 AM

Post# of 2830
I believe there is an important distinction between the press release of 2 years ago and today's release.

These quotes are from 4/11/2017:


The exclusive supply agreement between Kaynes Technology and 5BARz India ensure favorable terms and financing for initial deployments.

Commenting on the alliance, Vasan Paulraj, Managing Director of Axis Capital, said, “With this alliance the company has secured a significant piece of the bridge financing which will enable the timely deployment and installation of the 5BARz ‘ROVR’ into thousands of homes in India."



Instead of limited quantities of units numbering in the "thousands" for "initial deployments" we are now talking about a much greater commitment..... from today's press release:

This agreement with Kaynes Technology India Pvt. Ltd. represents an additional step in the business relationship between the two companies. Kaynes Technology will finance and manufacture the company’s Cellular Network Extenders which are currently on order from several tier one cellular network operators within India.



This new business and manufacturing agreement provides a three year roadmap for 5BARz to fully engage cellular network operators within India.



Admittedly, there are no actual numbers mentioned, but it sounds like a much more robust relationship. When they talk about an "additional step" I doubt they mean another few thousand units.

Remember, Kaynes is also a participant in this press release. Do you think they are intentionally trying to "fluff" the announcement?

Just my opinion.








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