SureTrader SureTrader
Home > Boards > US OTC > Miscellaneous >

FTE Networks Inc. (FTNW)

Add FTNW Price Alert      Hide Sticky   Hide Intro
Moderator: art35, buccaneer1961, Fibertech
Search This Board:
Last Post: 10/25/2016 11:05:57 AM - Followers: 80 - Board type: Free - Posts Today: 2


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."


  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
FTNW News: FTE Expands Its Business with Launch of Network Service Platform Powered by Compute to the Edge 10/19/2016 09:03:59 AM
FTNW News: FTE Networks to Present at Dawson James Securities 2016 Stock Growth Conference 10/18/2016 03:33:38 PM
FTNW News: Current Report Filing (8-k) 10/17/2016 09:03:33 AM
FTNW News: FTE Networks Expands Infrastructure Deployment Services to Atlanta Market 10/12/2016 09:54:06 AM
FTNW News: FTE Networks Joins Telecom Infra Project 10/06/2016 09:20:38 AM
#4761  Sticky Note heres the new company webpage buccaneer1961 12/26/15 10:02:51 PM
#6016   I think your correct! buccaneer1961 10/25/16 11:05:56 AM
#6015   I like the fact that everyone is holding JJAAMMAANN 10/25/16 10:17:36 AM
#6014   good news buccaneer1961 10/24/16 11:53:47 PM
#6013   RSI is calm, Accumulation is moving up, Interest JJAAMMAANN 10/23/16 08:59:08 PM
#6012   My guess is that the fun has barely buzz_trader 10/23/16 08:52:27 PM
#6011   That sounds really promising! Let's hope for a buzz_trader 10/23/16 08:50:26 PM
#6010   $12 Million dollar contract just about to start...several JJAAMMAANN 10/21/16 10:27:07 PM
#6009   Wireless carriers will spend over $104 billion to JJAAMMAANN 10/20/16 04:34:14 AM
#6008   $12 million over the next 12 months and JJAAMMAANN 10/20/16 04:30:57 AM
#6007   Anybody have any idea who would be selling Chris1 10/19/16 01:22:36 PM
#6006   50K in volume the 1st 15 minutes and Chris1 10/19/16 09:59:15 AM
#6005   News Out Chris1 10/19/16 08:59:12 AM
#6004   News Out Chris1 10/19/16 08:59:11 AM
#6003   Not worried here, holding long term, this will buzz_trader 10/19/16 12:27:53 AM
#6002   Great! Thanks for sharing! buzz_trader 10/19/16 12:19:55 AM
#6001   Here's the updated presentation filed with the 8K. Chris1 10/17/16 09:16:17 AM
#6000   News and 8K out Chris1 10/17/16 09:11:13 AM
#5999   Oh??? Is this from the lil birdie on your art35 10/14/16 03:12:08 AM
#5998   FTNW will be breaking old highs with ease buzz_trader 10/13/16 11:23:10 PM
#5997   DELETE: posted twice Chris1 10/12/16 09:24:23 AM
#5996   NEWS OUT: OCTOBER 12, 2016 Chris1 10/12/16 09:24:22 AM
#5995   Good question-- art35 10/11/16 10:10:37 AM
#5994   So there's a possibility this will be in buzz_trader 10/11/16 01:04:07 AM
#5993   October 6, 2016 Chris1 10/06/16 08:41:12 AM
#5992   Mushrooms grow from decaying matter so that would Scott12 10/05/16 11:24:53 PM
#5991   Something's about to bloom! buzz_trader 10/05/16 03:46:20 AM
#5990   Yep, I agree as well. Guidance down here Scott12 10/04/16 03:27:07 PM
#5989   I was gonna post the same thing. I yaboy520 10/04/16 02:36:51 AM
#5988   No one really cares how many millions in TopKnotchTrades 10/03/16 12:08:41 PM
#5987   when they can PR or have a filing threewheeler 10/03/16 09:04:31 AM
#5986   News out Chris1 10/03/16 08:55:48 AM
#5985   Good point! Try ttcm. Lots of upward movement and chompers 09/29/16 08:45:25 AM
#5984   Everyone should keep in mind that money can buzz_trader 09/28/16 10:57:42 PM
#5983   If everything is coming up roses why does big orange 09/28/16 04:06:26 PM
#5982   Ttcm on the move chompers 09/28/16 10:42:41 AM
#5981   With the float being only 2.5 million there Chris1 09/28/16 10:26:36 AM
#5980   TW, I got that Email also from Profitable W3Research 09/27/16 01:52:51 PM
#5979   Just as I suspected...FTNW is selling off. LOL. Scott12 09/27/16 12:32:54 PM
#5978   Fishy indeed. The PR is vague as hell.... Scott12 09/26/16 08:40:43 PM
#5977   I agree, just look at the volume and Chris1 09/26/16 02:15:07 PM
#5976   Anyone feel like calling IR? Fibertech 09/26/16 01:50:29 PM
#5975   The question is who hired the pumpers. The TopKnotchTrades 09/26/16 12:34:14 PM
#5974   This is good news. FTE needs more of Fibertech 09/26/16 11:53:05 AM
#5973   FTE Networks Awarded Contract Valued up to $12 Chris1 09/26/16 09:10:14 AM
#5972   Time to bring the news! Something's cooking here! buzz_trader 09/25/16 09:18:50 PM
#5971   Topknotch is right. They aren't the ones who sold. Fibertech 09/24/16 10:51:43 AM
#5970   Just got out of this one. Made some chompers 09/24/16 10:02:05 AM
#5969   I don't think you understand what a paid TopKnotchTrades 09/23/16 08:56:11 PM
#5968   Yeah,,Right???? Looka like we know who sold the shares art35 09/23/16 08:06:58 PM
#5967   Damn! Pump and dump on Monday. This will TopKnotchTrades 09/23/16 07:28:44 PM