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FTE Networks Inc. (FTNW)

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Last Post: 9/20/2017 10:51:25 AM - Followers: 85 - 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: Current Report Filing (8-k) 09/11/2017 10:41:26 AM
FTNW News: FTE Networks Announces Coverage Update From SeeThruEquity 08/31/2017 09:30:00 AM
FTNW News: Current Report Filing (8-k) 08/23/2017 05:22:08 PM
FTNW News: FTE Networks Announces $50.7 Million of Revenue for Second Quarter 2017 08/22/2017 07:30:00 AM
#6296   Yep, it's very disappointing especially on the heels Scott12 09/20/17 10:51:25 AM
#6295   My concern has always been that FTNW trades big orange 09/19/17 03:26:37 PM
#6294   All time Low....This puts us at .0125 before Chris1 09/19/17 01:53:45 PM
#6293   Still going down. Very disappointing. Quintessence 09/19/17 12:13:48 PM
#6292   SeeThruEquity raising their target price on FTNW from Scott12 09/13/17 03:16:38 PM
#6291   Patience is a relative term especially down here Scott12 09/13/17 12:36:53 PM
#6290   Holding. Thank you. shanak10 09/13/17 06:29:30 AM
#6289   This stock is ready to rise higher than buzz_trader 09/13/17 02:43:50 AM
#6288   Some nice buying today. shanak10 09/12/17 11:23:41 AM
#6287   Good info, thanks for shedding light on that. SakartveloChan 09/12/17 08:55:10 AM
#6286   The only way that would happen would be Ed Ajootian 09/11/17 06:04:24 PM
#6285   My concern is that they are trading dollars big orange 09/06/17 11:24:01 AM
#6284   Just need to make big news which is buzz_trader 09/06/17 01:38:50 AM
#6283   Ya, doesn't seem to make sense. They keep TopKnotchTrades 09/05/17 06:35:00 PM
#6282   So for 50 million in revenue for the elkonig 09/05/17 11:42:54 AM
#6281   FTE Networks Announces Three New Contracts Valued at $61.6MM FTNW  shanak10 09/05/17 08:35:17 AM
#6280   They will in due time. shanak10 08/31/17 02:41:50 PM
#6279   Now if we can just get the rest zagdad 08/31/17 01:55:28 PM
#6278   SeeThruEquity Issues Update on FTE Networks, Inc. (FTNW) Chris1 08/31/17 10:03:13 AM
#6277 shanak10 08/30/17 09:25:16 AM
#6276   Agreed, laughably undervalued at this price. Dollars cometh. Bander2011 08/29/17 11:46:38 AM
#6275   It might take a couple years to sustain buzz_trader 08/29/17 12:35:58 AM
#6274   I could care less if people jump on buzz_trader 08/28/17 12:22:09 AM
#6273   Looks like "CDEL" knows ahead of time what's Chris1 08/22/17 04:06:40 PM
#6272   Agreed! SakartveloChan 08/22/17 11:02:08 AM
#6271   Agreed! SakartveloChan 08/22/17 11:02:07 AM
#6270   FTE Networks Announces $50.7 Million of Revenue for Chris1 08/22/17 09:57:55 AM
#6269   What is the float on that FTNW? youtoo 08/22/17 08:39:53 AM
#6268   No Institutional Ownership, what is going on? youtoo 08/22/17 08:39:04 AM
#6267   Great to see them get the 10Q out Ed Ajootian 08/22/17 06:51:58 AM
#6266   Its heartening to see that that big seller Ed Ajootian 08/16/17 10:36:38 AM
#6265   Thanks. you too. shanak10 08/10/17 12:07:38 PM
#6264   Slow and steady. Everything is physics, fast up buzz_trader 08/08/17 12:48:48 AM
#6263   Friday's official FTE Net market report action follows: zagdad 08/04/17 07:21:59 PM
#6261   Hello y'all... Nice action today. shanak10 08/01/17 01:47:03 PM
#6260   Volume should send this flying in one direction Bander2011 07/27/17 06:29:10 AM
#6259   Strong bid support and volume is what it buzz_trader 07/27/17 12:33:06 AM
#6258   orange, not sure what is going on at Ed Ajootian 07/25/17 07:59:23 PM
#6257   This one is on gathering strength after their buzz_trader 07/25/17 03:45:28 AM
#6256   Any idea when it now is supposed to happen? big orange 07/24/17 04:30:39 PM
#6255   Need some breaking news. hoping to see a buzz_trader 07/18/17 11:02:46 PM
#6254   Bander, I believe a lot of folks are Ed Ajootian 07/10/17 07:14:10 AM
#6253   It amazes me how this hasn't moved on Bander2011 07/07/17 10:56:16 AM
#6252   building so much here here! one step at buzz_trader 07/07/17 01:32:54 AM
#6251   8-k out. Benchmark builders did 386 million in Bander2011 07/06/17 06:20:15 AM
#6250   We all need to be patient right now. buzz_trader 06/28/17 11:25:04 PM
#6249   I'm looking forward to the amended 8K that Ed Ajootian 06/25/17 07:50:29 AM
#6248   Agree with you. Time will tell. shanak10 06/23/17 09:57:12 AM
#6247   We are already starting to see some serious Ed Ajootian 06/22/17 08:01:27 PM
#6246 shanak10 06/21/17 08:41:52 AM