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FTE Networks Inc. (FTNW)

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Last Post: 8/15/2018 11:56:33 PM - Followers: 92 - 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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#6762   We're just off the radar until the PR buzz_trader 08/15/18 11:56:32 PM
#6761   Problem here is management and low margins....investors want common_cents 08/10/18 01:07:04 PM
#6760   Yes, I thought it was great news and Chris1 08/10/18 12:18:01 PM
#6759   Anyone see the new news? Any thoughts? Jaroo23 08/06/18 10:08:15 AM
#6758   Who knows when FTNW will turnaround but buzz_trader 07/30/18 11:06:52 PM
#6757   I have always been concerned that FTNW has big orange 07/28/18 02:18:14 PM
#6756   Not an opinion...Based on the Net Loss on TopKnotchTrades 07/25/18 11:07:23 AM
#6755   Interesting opinion...IYO is it based on some new zagdad 07/25/18 01:47:44 AM
#6754   Because they can’t seem to turn a profit. TopKnotchTrades 07/24/18 10:36:28 PM
#6753   Why is this going down? zoomlik 07/24/18 04:10:26 PM
#6752   A more good strategy on the business is buzz_trader 07/16/18 11:08:00 PM
#6751   Slow and steady. Everything is physics, fast up buzz_trader 07/01/18 08:58:17 PM
#6750   The three metrics to watch for are 1- zoomlik 06/29/18 09:49:42 AM
#6749   We all need to be patient right now. buzz_trader 06/28/18 09:21:00 PM
#6748   Where do you see the filing ? zoomlik 06/28/18 03:41:21 PM
#6747   Damn Dilution! TopKnotchTrades 06/28/18 01:26:07 PM
#6746   FTE Networks Added to the Russell Microcap® Index.....Any thoughts? Chris1 06/25/18 11:23:53 AM
#6745   Nice news....great business in their high profit segment. zagdad 06/20/18 10:40:59 AM
#6744   Good PR out after hours.FTE Networks Is Awarded Chris1 06/20/18 08:33:57 AM
#6743   Ya, dillution is gonna kill this one. TopKnotchTrades 06/09/18 12:15:55 PM
#6742   Don’t take me wrong .. I am a zoomlik 06/07/18 03:50:27 PM
#6741   Roth = secondary They are looking at selling zoomlik 06/07/18 10:15:39 AM
#6740   hopefully it will keep production up, look for buzz_trader 06/06/18 11:29:54 PM
#6739   Hey Ed....You must be hearing about these stocks common_cents 06/01/18 07:26:47 AM
#6738   Great to see Roth Capital initiate coverage of Ed Ajootian 06/01/18 07:08:37 AM
#6737   Assuming we'll see another company update soon, might buzz_trader 05/24/18 10:27:23 PM
#6736   Not until the stock is flow is common_cents 05/23/18 11:03:32 AM
#6735   Do u think they need to raise cash zoomlik 05/23/18 11:02:48 AM
#6734   Do you have any idea how to read common_cents 05/22/18 10:34:34 PM
#6733   Damn, that’s a $40.8 million dollar loss per TopKnotchTrades 05/22/18 10:28:06 PM
#6732   CrossLayer About to Enter The Big Time common_cents 05/22/18 09:14:33 PM
#6731   For those who actually understand how to value stocks: common_cents 05/22/18 09:13:10 PM
#6730   OUCH! $10.2 million loss for Q1. TopKnotchTrades 05/22/18 07:59:59 PM
#6729   Why? zoomlik 05/22/18 12:46:47 AM
#6728   Something stinks here.... mikekrane 05/21/18 06:26:27 PM
#6727   $.56 earnings for Q1. Stock trading common_cents 05/21/18 09:01:40 AM
#6726   The event occurred 3 months after that notice. BigJuan 05/19/18 02:05:33 PM
#6725   Juan, why don't you think that the SEC Ed Ajootian 05/19/18 01:56:22 PM
#6724   AS increased just went through on April 11. BigJuan 05/19/18 01:48:33 PM
#6723   Mike, this news was out many moons ago Ed Ajootian 05/19/18 01:47:16 PM
#6722   Yup SEC filer here.... ruh roh! Pretty sure BigJuan 05/19/18 12:29:09 PM
#6721   Not looking good imo mikekrane 05/19/18 12:20:12 PM
#6720   Ouch! No surprise. We know they aren’t making TopKnotchTrades 05/19/18 11:56:17 AM
#6719   Question is just how low will it go??? BigJuan 05/19/18 11:39:18 AM
#6718   Well looks like they just increased the AS BigJuan 05/19/18 11:35:01 AM
#6717   Late filing not a good sign... chart looks mikekrane 05/19/18 11:00:28 AM
#6716   Agreed Ed....However there is a 100,000 dollar bid common_cents 05/18/18 03:55:55 PM
#6715   Its unfortunate that they couldn't have gotten the Ed Ajootian 05/14/18 06:13:33 AM
#6714   May 21...earnings.. common_cents 05/11/18 02:26:08 PM
#6713   The way the stock is acting suggests earnings common_cents 05/11/18 11:07:34 AM