Las Vegas, NV (GLOBE 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.
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.
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SOURCE: Ameritek Ventures, Inc.