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Last Post: 5/20/2019 12:03:47 PM - Followers: 99 - Board type: Free - Posts Today: 0



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."

 

 



                                                                                                                   






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#7159   Hey Cash Cow art35 05/20/19 12:03:47 PM
#7158   On April 9, 2019, the Company received a KirbyUSD 04/16/19 02:19:19 PM
#7157   https://www.rosenlegal.com/media/casestudy/99_COTY-CompWeb.pdf KirbyUSD 04/06/19 02:04:11 PM
#7156   yeah right. They lied to existing shareholders common_cents 04/04/19 08:01:37 PM
#7155   Seriously doubt that. DavidLeeRoth 04/04/19 07:59:58 PM
#7154   no surprise here.....lawsuits coming... common_cents 04/04/19 07:53:59 PM
#7153   Can of worms... ...whether Company management had the proper KirbyUSD 04/02/19 06:42:18 AM
#7152   LOL. cash_cow1 04/01/19 09:15:40 PM
#7151   Sorry I see that now== art35 04/01/19 03:08:39 PM
#7150   Sor art35 04/01/19 03:08:37 PM
#7149   'art35' wrong board. This is not FWIW. cash_cow1 04/01/19 12:13:43 PM
#7148   In September they changed auditors to Marcum. I KirbyUSD 03/29/19 06:55:08 PM
#7147   Fte Networks Inc $FTNW https://www.barchart.com/story/news/load-more-stories/771 SlaptheSwing 03/29/19 06:46:03 PM
#7146   How many people here were here back when art35 03/29/19 06:24:08 PM
#7145   For now I'am doing good adding more onto cash_cow1 03/29/19 10:12:05 AM
#7144   Oh well, whatever makes you money, Just make cash_cow1 03/29/19 10:10:29 AM
#7143   No, I think the opposite...it’s time to short again. TopKnotchTrades 03/29/19 09:58:54 AM
#7142   Agree, around about now the company should be cash_cow1 03/29/19 09:56:55 AM
#7141   10K or 10K/A - today is the deadline. KirbyUSD 03/29/19 08:45:38 AM
#7140   Everyone covered their short positions. Almost time to TopKnotchTrades 03/28/19 06:54:04 PM
#7139   Those walls on the Ask are fake walls. cash_cow1 03/28/19 03:11:38 PM
#7138   yeah,but it would be nice if they just cash_cow1 03/28/19 02:54:01 PM
#7137   Crazy mm have the spread at 5% right now Awl416 03/28/19 02:19:24 PM
#7136   Would like to see share price up higher cash_cow1 03/28/19 02:16:23 PM
#7135   The trading today is around 300k you don't cash_cow1 03/28/19 02:02:49 PM
#7134   Well that lasted all of 1 day Awl416 03/28/19 08:57:09 AM
#7133   Amen amen! FTNW to make new millionaires and bransteff 03/28/19 07:45:36 AM
#7132   Be careful for what you wish for. I cash_cow1 03/28/19 07:21:00 AM
#7131   I know, this would be the perfect short TopKnotchTrades 03/27/19 06:33:15 PM
#7130   Yessir. Good to see u the positive side pennystockking 03/27/19 04:07:23 PM
#7129   Yahooooo!!!! With shorting restrictions in place and bad bransteff 03/27/19 03:38:44 PM
#7128   Feeling better. Things are being workout at FTE cash_cow1 03/27/19 03:01:39 PM
#7127   Kaboom! pennystockking 03/27/19 02:24:02 PM
#7126   Stabilized well pennystockking 03/27/19 12:24:24 PM
#7125   I still can't believe the company thought they cash_cow1 03/26/19 06:30:24 PM
#7124   The class action shareholder lawsuits are going to UFO 03/26/19 05:22:21 PM
#7123   This is crazy. That $350 million net revenue cash_cow1 03/26/19 04:39:48 PM
#7122   The stock touches 91c - $13.5m converts @ KirbyUSD 03/26/19 10:24:12 AM
#7121   55m? pennystockking 03/26/19 10:09:14 AM
#7120   $FTNW they recently got uplisted they’re not gonna pennystockking 03/26/19 10:09:05 AM
#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
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