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Last Post: 12/30/2019 2:33:03 PM - Followers: 101 - 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."

 

 



                                                                                                                   






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

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News News Alert: Statement of Changes in Beneficial Ownership (4) 01/22/2020 06:45:51 PM
PostSubject
#7200   NEW YORK, Dec. 20, 2019 /PRNewswire/ -- Suneet Prinz18 12/30/19 02:33:03 PM
#7199   Wow, now we know why the huge blocks bransteff 12/19/19 01:56:50 PM
#7198   Yes, hopefully not, but also there was also bransteff 12/12/19 04:42:56 PM
#7197   Halted t1 hopefully is not that long like Surf335 12/11/19 08:03:35 PM
#7196   Deals off???? bransteff 12/11/19 10:47:30 AM
#7195   Sold it back at $1.5 zoomlik 11/14/19 10:48:16 PM
#7194   I got about 20,000 shares .. avg $1.5 zoomlik 10/29/19 04:14:26 PM
#7193   This could be a historic reversal! SakartveloChan 10/28/19 10:18:33 AM
#7192   FTNW cash cow milking daily weldman 10/25/19 07:40:38 PM
#7191   What is cash cow? zoomlik 10/25/19 07:24:33 PM
#7190   NOT ALL IN weldman 10/25/19 07:18:33 PM
#7189   cash cow weldman 10/25/19 07:16:53 PM
#7188   New merger , if it happens, should be zoomlik 10/25/19 07:11:54 PM
#7187   I would say so this may be new bottom.. weldman 10/25/19 06:47:41 PM
#7186   My 1.02's looking good! I was SakartveloChan 10/25/19 05:42:07 PM
#7185   Might have to grab a few shares here MD3 10/24/19 08:37:40 PM
#7184   Entity that is foregiving $80M debt owns 30% zoomlik 10/22/19 05:42:41 PM
#7183   Looks like a reverse merger with that $4B zoomlik 10/22/19 05:04:07 PM
#7182   UFO . Hope you make up for losses zoomlik 10/22/19 03:38:04 PM
#7181   What will be share count after all this ? zoomlik 10/19/19 10:54:40 AM
#7180   Not clear to me how much dilution this zoomlik 10/19/19 10:54:20 AM
#7179   I was out .. got back in zoomlik 10/19/19 09:25:09 AM
#7178   NOT WORRIED about what i missed but what weldman 10/18/19 04:22:55 PM
#7177   YES I agree with your outlook got in weldman 10/15/19 05:02:45 PM
#7176   Yeah, well, did you notice it didn't last long?? SakartveloChan 10/15/19 03:12:19 PM
#7175   1.40 TODAY= WOW [SMART MONEY] 10/15/19 02:27:33 PM
#7174   Took me by surprise, wishing I had pulled SakartveloChan 10/15/19 01:08:33 PM
#7173   Any thoughts on the 8K? Chris1 10/15/19 09:18:07 AM
#7172   News: $FTNW FTE Networks Provides Shareholder Update whytestocks 09/12/19 11:50:21 AM
#7171   PATIENCE beambe 07/16/19 12:24:43 PM
#7170   It won't be back to $2-$3 anytime soon UFO 07/16/19 12:01:05 PM
#7169   PR’s and ER ahead FTE Networks FTNW. Fair sanderburwil 07/16/19 10:28:11 AM
#7168   FTE Networks- Huge uptrend from here on given sanderburwil 07/16/19 06:01:40 AM
#7167   Will be back to $2-3+ sinner than most sanderburwil 07/15/19 09:11:28 AM
#7166   good Volume beambe 07/12/19 12:30:23 PM
#7165   News: $FTNW FTE Networks Announces Completion of Debt Restructuring whytestocks 07/12/19 10:40:25 AM
#7164   $2++ watch for it sanderburwil 07/12/19 10:04:45 AM
#7163   No market, no selling. bearcat75 06/14/19 10:49:13 PM
#7162   https://www.sec.gov/Archives/edgar/data/1122063/000149315219009142/form8-k.htm KirbyUSD 06/14/19 08:26:06 AM
#7161   So it’s not trading anymore? are there people TopKnotchTrades 06/13/19 01:04:10 PM
#7160   FTE today enters its 2,276th waiver.....how ridiculous is botlow 06/13/19 11:42:03 AM
#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
PostSubject