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FTE Networks Inc. (FTNW)

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Last Post: 8/16/2017 10:36:38 AM - Followers: 82 - 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: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/15/2017 05:02:00 PM
FTNW News: Small Company Offering and Sale of Securities Without Registration (d) 07/26/2017 07:41:54 AM
FTNW News: Amended Current Report Filing (8-k/a) 07/06/2017 06:14:16 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
#6245   FTNW has come to a spot where I buzz_trader 06/19/17 01:50:00 AM
#6244   zagdad, I would agree that the stock is Ed Ajootian 06/18/17 05:49:10 PM
#6243   But, if they do start to make money, Jaroo23 06/15/17 09:58:27 AM
#6242   They haven't figured a way out to make TopKnotchTrades 06/14/17 08:43:34 PM
#6241   What am I missing here? This company has yaboy520 06/14/17 10:06:07 AM
#6240   $FTNW FTE Networks Awarded Contract Valued up to $Pistol Pete$ 06/13/17 07:51:41 PM
#6239   FTE Networks Awarded Contract Valued up to $1.5 shanak10 06/13/17 08:38:08 AM
#6238   Why buy? You don't think this is zagdad 06/08/17 11:39:09 PM
#6237   Thanks Scott, I'm still a little confused but Ed Ajootian 06/08/17 04:57:45 PM
#6236   Correct. Once Focus Venture Inc took over the Scott12 06/08/17 11:10:36 AM
#6235   Scott, I'm confused and would appreciate it if Ed Ajootian 06/07/17 04:41:58 PM
#6234   It thus looks like these guys are playing Scott12 06/07/17 11:52:34 AM
#6233   is it possible it's going to boost by buzz_trader 06/05/17 10:59:58 PM
#6232   The new contracts support the combined nine-month backlog Ed Ajootian 06/05/17 04:06:31 PM
#6231   Yes nice PR worth 85 million in revenue. Chris1 06/05/17 10:50:15 AM
#6230   New contracts from their website. Hegotgame 06/05/17 09:32:08 AM
#6229   Quint, I'm thinking it would happen at some Ed Ajootian 06/01/17 06:11:41 AM
#6228   Any idea when the RS will occur? Quintessence 05/30/17 08:19:25 AM
#6227   Scott, yes the reason for the reverse split Ed Ajootian 05/28/17 07:50:43 AM
#6226   I guess they are doing this to get Scott12 05/25/17 11:57:32 AM
#6225   Yep, looks like they are sneaking in another TopKnotchTrades 05/25/17 09:44:16 AM
#6224   1:10 R/S filed with the NVSOS? DaReal 05/24/17 12:59:55 PM
#6223   hoping to see a run soon and start buzz_trader 05/24/17 12:16:02 AM
#6222   Jaroo, as best I can figure there are Ed Ajootian 05/20/17 11:37:14 AM
#6221   With the Purchase and the good news why Jaroo23 05/18/17 03:41:46 PM
#6220   buzz, for starters, hopefully they will get the Ed Ajootian 05/16/17 07:18:38 PM
#6219   A big update could really help! We all buzz_trader 05/15/17 12:11:23 AM
#6218   Jaroo, now that they have caught up on Ed Ajootian 05/11/17 05:25:26 PM
#6217   Gonna catch up some big moves on the buzz_trader 05/04/17 11:37:30 PM
#6216   Is FTNW a buy at this point? Jaroo23 05/01/17 08:31:30 AM