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FTE Networks Inc. (FTNW)

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Last Post: 1/19/2017 8:41:37 AM - Followers: 79 - Board type: Free - Posts Today: 0


Market Expansion in Kansas, Missouri, Oklahoma and Texas

NAPLES, FL--(Marketwired - March 02, 2016) - FTE Networks, Inc. (OTCQB: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, announced today that it has been awarded a multi-year, multi-million-dollar contract with a leading telecommunications carrier. The contract is expected to commence on April 1, 2016 and is valued at over $45 million dollars over the next three years with the potential for additional service offerings in existing and new markets.

Under the terms of this contract, FTE will be providing its Fiber Optic Infrastructure Services by expanding the carriers' current fiber to the home (FTTH) offering. FTE will open new offices in Texas and Oklahoma and expand its current office locations in Kansas and Missouri. The relationship between FTE and the carrier was established in the beginnings of FTE. 

Michael Palleschi, CEO and Chairman of the Board of FTE Networks said, "We are very pleased to continue our time-honored relationship with this premier telecommunications carrier and delve into new markets." He added, "Our work under this new contract is strategically important to FTE. Not only does it showcase our capabilities on the national stage, but it also allows us to penetrate new markets and execute on our growth initiatives while strengthening our relationship with our client."

This is the second major win for FTE in the last few weeks. Previously, FTE was awarded a contract with Edge Communications, which is valued at up to $100 million dollars over the next 36 months. "We have already begun work on the Edge project, which is going very well," added Palleschi. "Both of these projects add substantial new long term revenue streams and enable us to continue on our path to profitability in 2016."

NAPLES, FL--(Marketwired - February 18, 2016) - FTE Networks, Inc. (OTC PINK: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, has signed a multi-million dollar, multi-year strategic alliance agreement with Plano, Texas-based Edge Communications ("Edge").

Earlier this month, Edge engaged FTE with a signed Letter of Intent for work to support Edge on a multi-state network expansion project valued up to $100 million dollars over the next 36 months. Under the terms of the agreement, FTE Networks will be performing engineering, management and outside plant infrastructure services.

This week, Edge and FTE finalized the strategic alliance agreement and FTE will begin work Monday, February 22, 2016 in the following four markets: Des Moines, IA; Quad Cities, IA; Springfield, MO; and Valdosta, GA. In addition, FTE Networks will provide services to manage the end-to-end infrastructure installation.

Carlie Ancor, Chief Technology Officer of FTE Networks, said, "To formalize a strategic alliance agreement with a company like Edge is a significant development for FTE Networks. Not only does it help us expand into four important markets, it solidifies our strategic growth plan. To be in alignment with a high caliber company like Edge, it demonstrates our ability to cultivate strong relationships based on our quality of work, management and experience."

Mark Miller, Chief Operating Officer of Edge, stated, "We believe that partnering with FTE Networks was the right decision to ensure success because they deliver superior work, are able to keep costs down and increase our speed to market. This is the beginning of a long-lasting partnership."


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FTNW News: FTE Networks Acquires Assets of Midwest Underground Solutions to help fill $52 Million BacklogAcquisition Expands Position & 01/17/2017 08:49:46 AM
FTNW News: FTE Networks Appoints Mark King EVP of Global Sales To Develop Pipeline and Expand Business in Global Markets 01/11/2017 09:26:39 AM
FTNW News: FTE Networks Retains MBS Value Partners as Its Investor Relations and Corporate Communications Firm 01/05/2017 09:59:14 AM
FTNW News: FTE Networks’ Growth in Texas Leads to Office MoveNew Location Underscores FTE’s Commitment to Customers & Employees NAP... 12/27/2016 09:02:21 AM
FTNW News: FTE Networks Forms Strategic Advisory Board, Appoints Initial Group of AdvisorsSenior-Level Leaders in Advanced Technology, 12/07/2016 08:35:00 AM
#6090  Sticky Note FTE Networks is getting started on its fiber JJAAMMAANN 11/27/16 05:10:45 AM
#4761  Sticky Note heres the new company webpage buccaneer1961 12/26/15 10:02:51 PM
#6116   devnull, yes, its good to see that they Ed Ajootian 01/19/17 08:41:37 AM
#6115   Exactly! FTNW really gives transparency to its shareholders. buzz_trader 01/17/17 09:47:24 PM
#6114   Today's news looks pretty good: FTE Networks Acquires devnull 01/17/17 09:08:00 AM
#6113   I like this stock a lot and bought Ed Ajootian 01/11/17 08:18:22 AM
#6112   Waiting for the moment it will fire on buzz_trader 01/10/17 10:47:01 PM
#6111   MBS Value Partners looks like a good company. devnull 01/06/17 08:23:01 PM
#6110   FTE Networks Retains MBS Value Partners as Its JJAAMMAANN 01/05/17 11:01:58 AM
#6109   This is like a stock typhoon when you buzz_trader 01/03/17 06:26:32 PM
#6108   We need another reason to cheer, go go FTNW! buzz_trader 12/22/16 01:48:24 AM
#6107   They formed the strategic advisory board...what is the advice? JJAAMMAANN 12/21/16 08:25:17 AM
#6106   It really is about time for an update! JJAAMMAANN 12/21/16 08:24:06 AM
#6105   Yes! the tide will surely turn again! buzz_trader 12/11/16 08:49:15 PM
#6104   Loading up some coffee and getting ready for buzz_trader 12/11/16 08:47:35 PM
#6103   FTE Networks Forms Strategic Advisory Board, Appoints Initial JJAAMMAANN 12/07/16 08:48:49 AM
#6102   No worries Buzz Trader. I'm going to JJAAMMAANN 12/06/16 07:59:08 AM
#6101   Yeah,, He's trying to generate some buying volume art35 12/05/16 09:52:24 PM
#6100   Slow and steady move up? We've been drifting Quindien 12/05/16 08:32:43 PM
#6099   Loving this slow and steady move up. Tells buzz_trader 12/05/16 08:14:12 PM
#6098   Hold your shares and you will be just buzz_trader 12/05/16 08:12:48 PM
#6097   Best of luck Quin! Maybe things will JJAAMMAANN 12/05/16 06:26:19 AM
#6096   Why??? you think anything will change??? art35 12/02/16 09:09:10 PM
#6095   I sold everything. I might revisit this around Quindien 12/02/16 05:55:14 PM
#6094   You're welcome.... "thanks for the warning". Only Scott12 11/30/16 01:22:44 PM
#6093   Buy? Don't Buy? Your decision! From JJAAMMAANN 11/30/16 08:08:28 AM
#6092   Price Target $1.50. Yeah right. I highly doubt Scott12 11/30/16 12:34:18 AM
#6091   Price Target $1.50 JJAAMMAANN 11/28/16 09:40:30 AM
#6090   FTE Networks is getting started on its fiber JJAAMMAANN 11/27/16 05:10:45 AM
#6089   This industry has its quirks. Most of these Fibertech 11/25/16 04:07:39 PM
#6088   Not going to argue what Septembers Quarterly report JJAAMMAANN 11/25/16 07:07:37 AM
#6087   I agree. The problem is they have TopKnotchTrades 11/24/16 03:22:21 PM
#6086   This thing looks like a legit company about Quindien 11/24/16 03:02:00 PM
#6084   um.....filings!!!!!!!! buccaneer1961 11/24/16 01:09:43 PM
#6083   Unfortunately, they are not profitable. No matter what TopKnotchTrades 11/24/16 09:55:04 AM
#6082   SeeThruEquity Issues Update on FTE Networks, Inc. (FTNW) JJAAMMAANN 11/24/16 09:54:09 AM
#6081   FTE Networks Achieves Operating Profitability, Increases Telecom Revenue JJAAMMAANN 11/24/16 09:52:02 AM
#6080   This is way ove sold, and is a JJAAMMAANN 11/24/16 09:48:03 AM
#6079   You want to share what that might be? Quindien 11/24/16 09:47:21 AM
#6078   NEWS! buccaneer1961 11/24/16 02:04:36 AM
#6076   I'm sensing some screaming buys on the upcoming buzz_trader 11/23/16 11:15:17 PM
#6075   Congratulations!!!! EXCELLENT post art35 11/23/16 11:08:47 AM
#6074   Hello Townie-- art35 11/23/16 11:00:47 AM
#6073   FTE Networks is getting started on its fiber JJAAMMAANN 11/23/16 04:33:30 AM
#6072   Anyone know why this Company had its license Townie 11/22/16 07:12:56 PM
#6071   We got scammed. Lol Quindien 11/21/16 08:18:57 PM
#6070   Net Loss ($1,031,988) on quarterly. Doesn't make sense TopKnotchTrades 11/21/16 07:33:29 PM
#6069   10Q is out now. Haven't looked over Chris1 11/21/16 04:57:38 PM
#6068   The 10-Q still not out? Now they're just Quindien 11/21/16 10:50:43 AM
#6066   Hello-- Message?? about what?? art35 11/20/16 12:16:39 AM
#6065   Send me a message. Ty. Quindien 11/18/16 06:37:22 PM
#6064   Art, please don't post about other stocks here... Fatsachs 11/18/16 05:16:09 PM