AMR Resources LLC (OTCMKTS:AMRR) Stock Gains Momentum: Here is Why

Following the development with regards to AMR Resources LLC (OTCMKTS:AMRR), it may be a good time for investors to keep an eye on the stock of its parent company American Metals Recovery and Recycling Inc this morning.

MBG Amply-5 Private Networks Launches, Enhancing 5G for Private Networks

AMR Resource, which is one of the better known outfits in the network lifecycle and IT spaces, announced yesterday that it had launched the MBG Amply-5 Private Networks. The product in question is meant for extending and enhancing enterprise networks through the use of cellular extension technologies. The private network solution in question is also compatible with 5G networks and that is something that may appeal to investors as well.

The Chief Executive Officer and Chairman of American Metals Recovery and Recycling James Frinzi spoke about the latest product launch as well. He noted that the product could in fact prove to be a ‘game changer’.

He went on to note that it not only costs less than the traditional Ethernet or WiFi systems but also helps in expanding the network at a much lower capital cot. It is going to be interesting to see if the stock manages to come into focus among investors over the coming days or not.

Key Quote

“MBG Amply-5 Private Networks is a game changer. It costs much less than traditional ethernet and WiFi systems and allows expansion as needed at a lower capital cost,” explained James Frinzi, CEO and Chairman of AMRR. “The Amply-5 private network is also a ‘data only’ network acting as a private LAN extension. This is not a cellular carrier extension, and it is an unlicensed spectrum data network enabling VoIP apps. These factors make it particularly attractive in the marketplace.”

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