The current market value of the optical fiber industry is $3 billion US dollars and is projected to grow to over $5 billion US dollars by 2021. An increase of almost 10,000 tons of perform is projected in the next five years, which is equivalent to more than 300 million kilometers per year of performs.
Growing demand for high bandwidth communication is boosting the growth of the market. For instance, these systems are used to transmit data, voice, and images ranging from a few meters to several kilometers with ease. Telecommunication and IT are the key sectors with a wide range of applications. The evolution of fiber-rich infrastructure has stupendously boosted the demand for these cables. Additionally, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH), Fiber to the Building (FTTB), Fiber to the Cabinet (FTTC), and Fiber to the Premise (FTTP) are a few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks, driving demand for fiber optic cables. https://bit.ly/3b9Xi5r
Trademarks Licenses and Other Intellectual Property
On August 30, 2017, the Company acquired fiber optic assets, in the form of intellectual property from its largest shareholder and director. These assets consist of proven designs that in the future may be used to fabricate and assemble machines incorporating knowledge from the manufacture of completed equipment for a new PCVD (Plasma Chemical Vapor Deposition) technology that is used in the manufacturing of specialty optical fiber preforms, which is the basis for specialized optical fiber production to satisfy a variety of fiber optic cable applications. Prior to building any PCVD machines, the Company will be using this intellectual property in finalizing design work for its first 5 million km/year VAD/OVD (Vapor Axial Deposition/Outside Vapor Deposition) optical fiber preform production line, slated for assembly, testing and production in 2020. This process makes optical fiber preforms that are the mainstay for fiber optic cable that is used in the telecommunications industry to transmit large amounts of data to and from communication towers for the Internet, cable television and telephone industries. This new VAD/OVD production line represents the first phase of a planned 20 million km/year preform manufacturing facility. Ameritek Ventures' brand-new design and technology hub will help execute the Company's sustained growth and emergence strategy as a provider of high-quality optical fiber preforms for the rapidly expanding Fiber Optic Cable worldwide market. https://www.otcmarkets.com/filing/html?id=13427961&guid=8GfFUWsosfuuH3h
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