American Metals Recovery and Recycling Inc. (OTCMKTS:AMRR) announced on August 26, 2022, about appointing Josef Faig to the newly created position of Senior Vice President of Product Development at AMR Resources, LLC d/b/a Multiband Global.
Trading Data
On Friday, AMRR stock slid 30.77% to $1.8000 with 4.17K shares, compared to its average volume 3.15K shares. The stock moved within a range of $1.8000 – 2.0000 after opening trade at $1.8400.
Multiband Global Appoints Joe Faig SVP Product Development
AMRR was assigned Mr. Faig’s one-third ownership interest of a patent that he and his colleagues were awarded for cellular radio shroud technology. He has more than 25 years of experience in the telecom industry, which includes 17 years at an international engineering firm where he managed wireless development projects in countries on several continents.
Having managed multiple greenfield 4G deployments, Joe anticipated the future needs of the wireless industry and began to develop products the wireless carriers needed to “densify” their networks through “small cells.” In 2015, Joe began to develop a support system to refine the deployment of small cell technology by making it more easily adaptable to the changing industry needs. He is thrilled to join Multiband Global and put his knowledge and expertise to good use.
On August 03, 2022, AMRR announced that its Chairman and CEO James Frinzi recently addressed a Parliamentary Committee in the Republic of Kosovo on 4G and 5G technologies and the potential for business partnerships. A delegation from Texas was invited to address the committee by Ferat Shala, chairman of the Parliamentary Committee on Economy, Industry, Entrepreneurship, and Trade. He talked in detail about how Multiband Global can substantially advance the Wi-Fi, cellular, and small cell technology in Kosovo. It would boost speed, consistency, and access for both commercial enterprises and private citizens.
Key Quote
James Frinzi, Chairman and CEO of AMRR, commented, “Joe Faig is very respected in the wireless field, and we’re excited to welcome him to Multiband Global. Joe was a co-founder of QUBE-MRS, LLC which designed and deployed the first smart pole to carry all four major cell carriers on a small pole, an important development for the industry. Earlier in his career, he was part of the Brightsource energy team that found a solution to convert solar into steam for Chevron, a process used to help revive dry wells. His team’s patent for cellular radio shroud technology will support our service offerings. We’re proud to have this inventor as part of our team in the significant role of head of product development, and we look forward to his contributions.”
Technical Data
AMRR stock is trading below the 20-Day and 50-Day Moving averages of $2.70 and $2.60 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.09. The company has a total market capitalization of $19.80 million.
