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FTE Networks Inc. (FTNWD)

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Last Post: 11/20/2017 10:07:31 AM - Followers: 90 - 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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FTNWD News: Quarterly Report (10-q) 11/16/2017 01:48:38 PM
FTNWD News: Current Report Filing (8-k) 11/16/2017 09:57:42 AM
FTNWD News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/15/2017 05:30:11 PM
FTNWD News: Amended Statement of Beneficial Ownership (sc 13d/a) 11/14/2017 05:25:05 PM
#6445   Updated $FTNWD #Investor Kit now available - #QuarterlyResults jedijazz 11/20/17 10:07:31 AM
#6444   Very interesting turn of events here. Longs, don't buzz_trader 11/19/17 11:38:44 PM
#6443   I added some today. I think FTE Quintessence 11/17/17 03:08:36 PM
#6442   You're not missing anything...This company is being uplisted common_cents 11/17/17 10:47:17 AM
#6441   Schneid, per the link you provided to the Ed Ajootian 11/17/17 10:36:46 AM
#6440   I must be missing something. I would have Chris1 11/17/17 10:30:17 AM
#6439   Ah you're right, I was researching several companies Schneidku40 11/17/17 09:39:52 AM
#6438   Look farther down on the press release. Schneidku40 11/17/17 09:39:18 AM
#6437   Question:For the 9/30/17 Q, the 10Q shows earnings Baron17 11/17/17 09:16:54 AM
#6436   Well said Ed, thank you. I marked SakartveloChan 11/17/17 01:38:33 AM
#6435   bearcat, schneidku answered most of your question I Ed Ajootian 11/16/17 04:53:53 PM
#6434   Schneidku, you gotta get off the schneid there Ed Ajootian 11/16/17 04:47:45 PM
#6433   Mr. Palleschi continued, “Management continues to focus on jedijazz 11/16/17 02:12:44 PM
#6432   Fte Networks, Inc. (FTNWD) 9.20 + 1.20 (15.00%) jedijazz 11/16/17 01:03:19 PM
#6431   Sorry, but they are likely months to years Schneidku40 11/16/17 12:52:46 PM
#6430   On 11/6 the PR said 10 business days; SakartveloChan 11/16/17 12:21:27 PM
#6429   Things bogged down the last few months so SakartveloChan 11/16/17 12:13:55 PM
#6428   How long does an uplist take and what bearcat75 11/16/17 11:55:49 AM
#6427   Good quarter. Question- They gave nearly 18 Schneidku40 11/16/17 11:26:51 AM
#6426   Excellent. $FTNWD 149% increase in Net income, approximately jedijazz 11/16/17 11:19:08 AM
#6425   Quite a good quarter, here are some initial observations: Ed Ajootian 11/16/17 11:13:27 AM
#6424   Sounds good to me! What is your txhockey 11/16/17 10:50:26 AM
#6423   I completely agree. Been with it for SakartveloChan 11/16/17 10:35:00 AM
#6422   YESSSSS! This is what I've been waiting SakartveloChan 11/16/17 10:33:35 AM
#6421   Fte Networks, Inc. (FTNWD) 9.01 + 1.01 (12.62%) jedijazz 11/16/17 10:21:54 AM
#6420   Stock is trading at an absurd discount.....well under common_cents 11/16/17 10:07:18 AM
#6419   $FTNWD September 30, 2017 Financial Highlights jedijazz 11/16/17 10:05:09 AM
#6418   $FTNWD FTE Networks Reports Record Quarterly Revenue of jedijazz 11/16/17 09:56:02 AM
#6417 shanak10 11/16/17 09:53:01 AM
#6416   Moving nicely this morning! Quintessence 11/16/17 09:46:16 AM
#6415   $FTNW FTE Networks Inc. (OTCMKTS: FTNW) provides end-to-end jedijazz 11/16/17 08:41:08 AM
#6414   FTE Networks, Inc. ("FTNW"), is a leading provider jedijazz 11/15/17 01:29:52 PM
#6413   CrossLayer™ capability regarding edge deployment and convergence of jedijazz 11/15/17 12:40:56 PM
#6412   The Company works with Fortune 100/500 companies, including jedijazz 11/15/17 11:13:17 AM
#6411   CrossLayer provides key benefits to commercial real estate jedijazz 11/15/17 11:12:26 AM
#6410   Very interesting. Our team is currently in the jedijazz 11/15/17 10:45:14 AM
#6409   I believe the company will announce excellent earnings. common_cents 11/15/17 10:19:44 AM
#6408   FTE Debuts CrossLayer(TM) In Naples, Florida COMPLETES FIRST jedijazz 11/15/17 10:18:58 AM
#6407   Nice institutional holdings: common_cents 11/15/17 09:10:43 AM
#6406   Assuming the price holds for 10 days and SakartveloChan 11/15/17 07:20:23 AM
#6405   My projection is based on previous targets before SakartveloChan 11/15/17 07:20:03 AM
#6404   13D/A shanak10 11/14/17 08:29:02 PM
#6403   Hoping it will turn around. Seeing nice Quintessence 11/14/17 03:20:22 PM
#6402   Well so far the RS has done nothing zagdad 11/14/17 01:27:27 PM
#6401   $25 - $50 ?! I highly doubt that Scott12 11/14/17 11:30:24 AM
#6400   I just bought another 500 shares at $8.25. common_cents 11/13/17 10:15:26 AM
#6399   I agree, $25 may come soon; I'm counting SakartveloChan 11/13/17 10:13:37 AM
#6398   I believe this stock is headed to $25....look common_cents 11/13/17 07:02:07 AM
#6397   I think it will take a couple weeks buzz_trader 11/08/17 12:12:29 AM
#6396   Good point big orange, it could be exactly Ed Ajootian 11/07/17 05:53:37 PM