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FTE Networks Awarded Approximately $116 Million in New Infrastructure Contracts in January and February 

GlobeNewswire•February 26, 2019 
NAPLES, Fla., Feb. 26, 2019 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that it has been awarded approximately $116 million in new infrastructure projects during January and February of 2019. 

The new contract awards to FTE and its subsidiaries cover a variety of infrastructure projects, with significant customers including a major globally recognized technology leader and a major financial institution. Projects to be performed under the contracts include interior buildouts as well as technology and smart device deployments, primarily at locations throughout the Northeast. Work associated with these new contract wins is largely expected to be completed within the next 12-18 months. 

Anthony Sirotka, Interim Chief Executive Officer of FTE Networks, commented, “I am extremely pleased with the pace of new contract wins in early 2019. Business operations remain brisk with several highly recognizable brands included in these new awards. The wins reflect our strong brand presence in the New York market which will increasingly become a focus of both our infrastructure and technology segments. We remain fully committed to our strategic vision to create and maintain the entire in-building ecosystem and we see tremendous potential to build upon the foundation established in this market.” 

About FTE Networks, Inc.  
FTE Networks, Inc. ("FTNW") is a leading provider of innovation technology. We enable adaptive and efficient smart network connectivity platforms, infrastructure and buildings. FTE provides end-to-end design, build, and support solutions for state-of-the-art networks, data centers, residential and commercial properties. We create transformative smart platforms and buildings. FTE's services are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of leading-edge projects and services. The Company works with Fortune 100/500 companies, including some of the world's leading Telecommunications and IT Services Providers as well as REITs and Media Providers.
 

NAPLES, Fla., Jan. 03, 2019 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), today announced that it has been awarded approximately $129.6 million in new infrastructure projects during the fourth quarter of 2018, bringing the Company's 2018 contract awards total to approximately $572.4 million. 

The new contract awards to FTE and its subsidiaries cover a variety of infrastructure projects, with prominent customers including a leading global investment and market management firm, a globally recognized technology leader, and a major cable and telecommunications company. Projects to be performed under the contracts include interior buildouts as well as technology and smart device deployments, primarily at locations throughout New York City and the surrounding boroughs. Work associated with these new contract wins is largely expected to be completed within the next 12-18 months. 

"Closing 2018 with $572.4 million in new contract awards is an exceptional accomplishment," commented Michael Palleschi, President and Chief Executive Officer of FTE Networks. "The ability to secure new customers and continue to secure awards within our existing client base illustrates our strong presence and reputation in the market. Our team continues to execute our strategic vision to create and maintain the entire in-building ecosystem, from design through implementation of data systems and intelligent networks. I am confident in our ability to continue this momentum into 2019."

 

 



                                                                                                                   






https://docs.google.com/document/d/1qRnx3A-sPy4Uu7KtUbqwToI0xfWYzsiJPNyiyaRZL8e

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News News Alert: Current Report Filing (8-k) 03/25/2019 04:33:01 PM
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#7021  Sticky Note Link to FTNW news releases$$$$$$ DavidLeeRoth 02/26/19 06:48:48 PM
#7119   $0.95 = 55m KirbyUSD 03/26/19 09:58:23 AM
#7118   The $13.5m debt converts at the 21day low KirbyUSD 03/26/19 09:46:46 AM
#7117   Stabilized..and looks to be double bottom pennystockking 03/26/19 09:42:55 AM
#7116   yep. Would LOVE to be able to short common_cents 03/26/19 08:34:03 AM
#7115   pre-market: ...$ 1.09/1.45..... Prinz18 03/26/19 08:31:21 AM
#7114   I know that I didn’t work for Vanice pennystockking 03/25/19 10:57:00 PM
#7113   do you NOT understand that over 10 MM common_cents 03/25/19 10:20:01 PM
#7112   When’s the ER due? pennystockking 03/25/19 08:10:13 PM
#7111   Yeah that’s why they said they will take pennystockking 03/25/19 08:10:04 PM
#7110   Dumbest halt I’ve ever seen pennystockking 03/25/19 07:46:33 PM
#7109   People can still sell in the after market common_cents 03/25/19 05:18:29 PM
#7108   FTNW: FTE Networks Receives Reprimand Letter from NYSE Regulation https://www.m TopKnotchTrades 03/25/19 04:38:14 PM
#7107   This company said in its press releases it cash_cow1 03/25/19 12:50:08 PM
#7106   It means another undisclosed 5m shares and undisclosed KirbyUSD 03/22/19 10:30:56 PM
#7105   Soooo wtf does that mean for us? pennystockking 03/22/19 07:13:10 PM
#7104   The Executive Committee of the Company’s Board of DavidLeeRoth 03/22/19 05:17:08 PM
#7103   I just submitted a complaint to the SEC cash_cow1 03/22/19 03:34:28 PM
#7102   Most non sensical halt I’ve ever seen pennystockking 03/22/19 09:51:28 AM
#7101   Probably another week of this waiting on pending cash_cow1 03/20/19 10:59:08 PM
#7100   Never seem one like this without some news cash_cow1 03/19/19 08:16:54 PM
#7099   Never ever seen a halt like this.. pennystockking 03/19/19 04:25:52 PM
#7098   You could be right. I never have seem cash_cow1 03/19/19 03:12:04 PM
#7097   This is gonna tank on the open. Stockmanami 03/19/19 02:46:16 PM
#7096   I'm smelling class action investor lawsuit...big-time! UFO 03/19/19 09:28:08 AM
#7095   https://www.nasdaqtrader.com/trader.aspx?id=tradehalts Halts are coded T1 means KirbyUSD 03/19/19 05:53:18 AM
#7094   I call it in and ask my broker cash_cow1 03/18/19 10:11:09 PM
#7093   re: "FTE Networks is the one whom requested Scott12 03/18/19 08:58:52 PM
#7092   With the CFO resignation it appears that ftnw big orange 03/15/19 06:57:23 PM
#7091   Lol. That's not the way it works common_cents 03/14/19 08:07:58 PM
#7090   Anyone that wants to sign up to get GuyfromIdaho 03/14/19 06:16:55 PM
#7087   I agree stockking, this is getting very retarded. cash_cow1 03/14/19 06:04:35 PM
#7086   FTE Networks is the one whom requested the cash_cow1 03/14/19 05:37:45 PM
#7085   Highly unlikely. FTNW will post news when ready. DavidLeeRoth 03/14/19 05:22:25 PM
#7084   just a guess and i HATE being negative....but common_cents 03/14/19 05:16:33 PM
#7083   I was expecting to hear something by now Valvestor 03/14/19 02:18:45 PM
#7082   UN-believable.... SakartveloChan 03/14/19 02:05:58 PM
#7081   Why is trading halted? No press release? Valvestor 03/14/19 01:50:28 PM
#7080   Most retarded halt ever pennystockking 03/14/19 10:38:13 AM
#7079   Awesome post! Thank you 4 taking the time pennystockking 03/13/19 08:06:22 PM
#7078   At pennystockking, all we can do is hope cash_cow1 03/13/19 06:36:57 PM
#7077   Who halts and doesn’t release news on the pennystockking 03/13/19 04:57:52 PM
#7076   Resigned my ass..he got a severance and he pennystockking 03/13/19 04:36:13 PM
#7075   What is CrossLayer, I thought it suppose to cash_cow1 03/13/19 03:17:18 PM
#7074   For all of us share holders I expect cash_cow1 03/13/19 03:02:58 PM
#7073   This resignation was expected before March 11, 2019. cash_cow1 03/13/19 02:58:28 PM
#7072   “On March 11, 2019, David Lethem, Chief Financial TopKnotchTrades 03/13/19 12:30:30 PM
#7071   LOL. OK if that's what you say....just common_cents 03/13/19 11:17:46 AM
#7070   He got the boot..hence the Severance package. Learn pennystockking 03/13/19 11:02:45 AM
#7069   CFO resigned. you think this is good? common_cents 03/13/19 11:01:12 AM
#7068   I agree..ppl thinking it’s positive news as well. pennystockking 03/13/19 10:43:03 AM
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