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FTE Networks Inc. (FTNW)

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Last Post: 3/22/2018 7:16:19 AM - Followers: 94 - Board type: Free - Posts Today: 1


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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FTNWD News: Current Report Filing (8-k) 01/10/2018 09:02:43 AM
FTNWD News: Information Statement - All Other (definitive) (def 14c) 01/08/2018 05:27:14 PM
FTNWD News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/27/2017 06:03:11 AM
FTNWD News: Amended Statement of Beneficial Ownership (sc 13d/a) 12/21/2017 06:03:51 AM
FTNWD News: Amended Statement of Changes in Beneficial Ownership (4/a) 12/20/2017 05:47:26 PM
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#6658   txhockey, I believe the pullback in price has Ed Ajootian 03/22/18 07:16:19 AM
#6657   Yep, you got it. Let’s announce $500 million TopKnotchTrades 03/21/18 06:36:31 PM
#6656   Have a feeling that ftnw is trading dollars big orange 03/21/18 10:39:38 AM
#6655   Any idea what is pushing the price down? txhockey 03/20/18 03:25:53 PM
#6654   FTE put out a great new presentation for Ed Ajootian 03/18/18 06:52:10 PM
#6653   Not sure, Probably a trade between MM's. The Chris1 03/13/18 09:28:32 AM
#6652   Is that a glitch? why or how txhockey 03/13/18 09:21:40 AM
#6651   Yes, a 100 share trade on my TDAmeritrade Chris1 03/13/18 09:19:26 AM
#6650   anyone else showing a $17 trade premarket today? txhockey 03/13/18 09:15:09 AM
#6649   Usually, I get that sinking feeling when things buzz_trader 03/11/18 10:46:56 PM
#6648   zagdad, given that a lot of what an Ed Ajootian 03/11/18 08:48:36 AM
#6647   Thx, a good reminder that next week could zagdad 03/09/18 12:07:59 PM
#6646   Thank you for your excellent Insight Ed! common_cents 03/09/18 07:42:04 AM
#6645   CC, we have actually already exceeded the closing Ed Ajootian 03/09/18 07:30:55 AM
#6644   52 week high split adjusted is $28.08. common_cents 03/07/18 11:30:38 AM
#6643   I'm likin' sights set on 30 zagdad 03/06/18 07:03:16 PM
#6642   Nice rebound. We were down a stack UFO 03/06/18 04:26:23 PM
#6641   What sell off! common_cents 03/06/18 04:05:47 PM
#6640   Why the selloff? On good news. UFO 03/06/18 01:42:06 PM
#6639   Ed, the write up and opinion came from zagdad 03/04/18 01:27:36 PM
#6638   Thanks for sharing that zagdad, its great to Ed Ajootian 03/04/18 07:26:34 AM
#6637   News Today....and more good news it is...reoccurring revenue zagdad 03/01/18 02:25:39 PM
#6636   $FTNW An interesting read by an outside group zagdad 03/01/18 01:04:37 PM
#6635   just guessing but 20% is probably very conservative txhockey 02/28/18 04:00:53 PM
#6634   Thanks .. going with $5 a square feet zoomlik 02/28/18 11:42:52 AM
#6633   Thanks for your thoughts and input Ed! common_cents 02/28/18 09:18:42 AM
#6632   common_cents, I agree that at this point its Ed Ajootian 02/28/18 08:10:07 AM
#6631   Great I hope the PR firm is zagdad 02/27/18 01:21:46 PM
#6630   This company is hitting on ALL cylinders right now! common_cents 02/27/18 08:48:31 AM
#6629   New York’s Industry City Chooses FTE Networks to Chris1 02/27/18 08:43:51 AM
#6628   I'm guessing after earnings....I'm sure any potential investors common_cents 02/27/18 05:13:46 AM
#6627   common_cents, IMO they need to get rid of Ed Ajootian 02/26/18 08:48:27 PM
#6626   Staying strong and has very little notice yet....could zagdad 02/26/18 01:08:11 PM
#6625   The stock is a rocket ship right now? common_cents 02/26/18 11:33:40 AM
#6624   Thank you very much Ed .. I need zoomlik 02/26/18 09:37:21 AM
#6623   Great read leaving me with a better understanding zagdad 02/26/18 01:51:10 AM
#6622   Ed. Thank you so much for your Insight. common_cents 02/25/18 09:57:36 PM
#6621   FTNW: Reconfiguring the 4th Utility Ed Ajootian 02/25/18 09:40:40 PM
#6620   zoomlik, we need to keep in mind that Ed Ajootian 02/25/18 09:02:16 PM
#6619   its crazy huh :) OCMillionaire 02/22/18 03:06:40 PM
#6618   This could be headed towards 2 Times sales zoomlik 02/22/18 07:26:58 AM
#6617   This stock has realistic promise. The company is buzz_trader 02/22/18 12:54:04 AM
#6616   Good stuff By performing many of our infrastructure projects zoomlik 02/21/18 09:58:54 PM
#6615   it's getting coverage. Zon4Ever 02/21/18 09:46:57 AM
#6614   Wow! Another 27.5 million dollars in new contracts common_cents 02/21/18 08:16:16 AM
#6613   I think that is low (that's GROSS - zagdad 02/20/18 06:06:58 PM
#6612   Thanks .. Do you know if gross margins zoomlik 02/20/18 05:53:02 PM
#6611   Sorry that I can't answer with any credibility. zagdad 02/20/18 04:10:47 PM
#6610   What is fair market cap , compared to zoomlik 02/20/18 03:53:24 PM
#6609   Nice....$FTNW...broke 21 and now on to the 30 zagdad 02/20/18 03:07:19 PM