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FTE Networks Inc. (FTNW)

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Last Post: 10/18/2017 1:11:25 PM - Followers: 88 - 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, Inc. CEO Letter to Shareholders 10/17/2017 09:33:47 AM
FTNW News: Current Report Filing (8-k) 10/17/2017 08:01:06 AM
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
#6329   PCE, after giving this some more thought I Ed Ajootian 10/18/17 01:11:25 PM
#6328   Slow and steady. Everything is physics, fast up buzz_trader 10/17/17 11:22:17 PM
#6327   Great to see an update letter - written zagdad 10/17/17 07:50:01 PM
#6326   The MM CDEL is still on the ASK Chris1 10/17/17 01:31:19 PM
#6325   PCE, it looks like you and your friends Ed Ajootian 10/17/17 08:36:49 AM
#6324 shanak10 10/17/17 08:26:45 AM
#6323   PCE, I hope you do get the audience zagdad 10/17/17 12:35:57 AM
#6322   Ed, again thank you for your insight here. PCE 10/17/17 12:07:31 AM
#6321   I love the questions. Especially the 4th. PCE 10/16/17 05:12:43 PM
#6320   I love the questions. Especially the 4th. PCE 10/16/17 05:12:42 PM
#6319   PCE, thanks for trying to do this. Ed Ajootian 10/16/17 04:27:39 PM
#6318   I really like this company and holding as SakartveloChan 10/16/17 12:14:10 PM
#6317   I have been holding since late April shanak10 10/15/17 08:41:35 AM
#6315   PCE, welcome to the board, I believe your Ed Ajootian 10/14/17 08:32:12 AM
#6314   I'm checking the board daily but not much zagdad 10/13/17 10:21:56 PM
#6313   Nothing new here guys? PCE 10/13/17 04:14:19 PM
#6312   I would like to see some updated information PCE 10/12/17 05:34:59 PM
#6311   How long have you been tracking this, or PCE 10/12/17 05:29:13 PM
#6310   This is a winner!! PCE 10/12/17 09:30:56 AM
#6309   hoping to see a run soon and start buzz_trader 10/11/17 11:29:50 PM
#6308   shanak, its great to see the big volume Ed Ajootian 10/11/17 06:39:51 PM
#6307   Ed Ajootian. I see volume here again today. shanak10 10/10/17 09:50:22 AM
#6306   shanak, the massive volume today was quite amazing Ed Ajootian 10/09/17 08:45:54 PM
#6305   Nice action today. shanak10 10/09/17 09:57:39 AM
#6304   "It's fair to say that Palleschi's optimism is Ed Ajootian 10/07/17 11:03:22 AM
#6303   FTE Networks' Integration of Benchmark Built the Stage Ed Ajootian 10/05/17 08:06:34 AM
#6302   I couldn't agree more! I think FTNW has buzz_trader 10/04/17 10:57:07 PM
#6301   Any and all good news welcome! Amazing zagdad 10/04/17 06:30:52 PM
#6300   buzz, great call on holding this, with today's Ed Ajootian 10/04/17 05:21:46 PM
#6299   I understand the reality of the marketplace we buzz_trader 09/26/17 12:12:29 AM
#6297   Looking back at the 1Q 10Q, they had Ed Ajootian 09/23/17 07:44:33 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