January 17, 2020 for immediate release
AVR Global Technologies, Inc. has completed another significant year of growth in the design, manufacturing and supply chain sales of our custom molded cables, wire harnesses, electronic assemblies and components. Mr. Andy Bowman, President of the company and Director of Sales Engineering stated “ 2019 was a fantastic year with significant new customers, new projects that will help expand the growth of the company into 2020 and beyond. The USA domestic region grew nearly 25%, and the International sales increased 15% year over year. Total global manufacturing of custom cables and has reached 100,000 cables per month and total quantity of products delivered to customers reaching over 1.7 Million in 2019.”
The forecast for 2020 remains strong in manufacturing both for domestic and International customers. AVRGT opened its Brazilian office in Sao Paulo Brazil midyear and has developed over $3 Million dollars of potential quotes and sales with a mix of new cables customers and electronic components/assemblies.
The board of directors held quarterly and annual meetings at the end of year and determined to expand the company based on solid growth. Additional capital funds will be injected into the company for new hires of sales staff.
AVRGT will expand domestic USA manufacturing with new operations in Florida, expected to begin operations in Q1 2020. In addition, tradeshow and marketing will also dramatically increase in 2020 with the positive results of efforts in 2019.
For more information contact Ms. Val Pontes or Mr. Andy Bowman. 949-391-1180 / 949-391-1191
www.avrglobaltech.com HQ office: 500 La Terraza Blvd, #150, Escondido CA 92025 USA