SOURCE: Capstone Technologies Group, Inc.

Capstone Technologies Group, Inc.

March 30, 2017 14:13 ET

Capstone Technologies Group to Begin Mfg of Equip. for Multi-Million USD Fasten Group Contract

IRVINE, CA--(Marketwired - Mar 30, 2017) - CAPSTONE TECHNOLOGIES GROUP, INC. (OTC PINK: CBLY), through its subsidiary, PPB Engineering and Systems Design, Inc., has announced that it is prepared to begin production on its $7.8 Million equipment contract with Fasten Group, a subsidiary of Jiangsu Fasten Co. LTD (000890.SZ), who is in a joint venture with Seaspire Advisors, LLC for this transaction. This is the first phase of PPB and Fasten Group's ongoing business partnership whose projected value exceeds $50 Million.

The technologically advanced PPB machines will give Fasten Group the ability to produce fiber optic preforms, which will then be processed into fiber optic cable to fulfill the ever increasing demand for fiber in the Asian market.

Capstone CEO, Clinton Stokes, III, stated, "We are excited about getting Capstone's production facility up and running to complete this all important first contract with Fasten Group that will validate the PPB technology as one of the best in the world. We are confident that this will be a long and profitable arrangement which will secure the reputation of both companies as leading producers of fiber optic cable."

Capstone CTO, Wesley Poff, added, "Our engineering team is highly energized to complete the work required to assist Fasten to complete their factory buildout and prepare for the immediate installation and quality control testing of the PPB equipment in China. We are confident that this will be a great collaboration and will yield significant, ongoing growth for both Fasten Group and PPB."

The PPB-Fasten contract provides Capstone Technologies Group with the potential for significant, ongoing revenue and profit growth. Additionally, it provides Capstone's PPB business unit with the opportunity to install its state-of-the-art technology in a high-demand market to further demonstrate the quality and reliability of the PPB fiber optic equipment.


Capstone Technologies Group is perfectly affixed at the Top of a growing list of visionary technology companies -- those destined to change the world in which we live by taking up the challenge of turning the USA into a manufacturing giant once again. We believe in the strength and ingenuity of the American people who are dedicated to bring the best of cutting edge technologies to market -- right here where the modern manufacturing industry was born. We will build upon the foundation of America's manufacturing visionaries to continually deliver the leading edge products today's global consumers demand.

Capstone is focused on helping to develop companies that have distinguished themselves as innovators in their fields and that are looking for investment and leadership to realize their vision. We combine finance and logistics support with outside the box thinking to develop succinct and streamlined paths to prosperity.

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