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FTE Networks Inc. (FTNW)

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Last Post: 1/18/2018 10:06:29 AM - Followers: 93 - 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: Current Report Filing (8-k) 01/10/2018 09:02:43 AM
FTNWD News: Information Statement - All Other (definitive) (def 14c) 01/08/2018 05:27:14 PM
FTNWD News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/27/2017 06:03:11 AM
FTNWD News: Amended Statement of Beneficial Ownership (sc 13d/a) 12/21/2017 06:03:51 AM
FTNWD News: Amended Statement of Changes in Beneficial Ownership (4/a) 12/20/2017 05:47:26 PM
#6519  Sticky Note $FTNW $9.50 Uplisting NYSE with Price Target of jedijazz 12/12/17 09:34:11 AM
#6593   Very good summary of the company's offering, position, zagdad 01/18/18 10:06:29 AM
#6592   FTE Networks (FTNW) Stock: Connects For Explosive Growth Ed Ajootian 01/18/18 08:19:10 AM
#6591   Non-Deal Roadshows: Speed Dating for Companies and Investors Ed Ajootian 01/17/18 08:02:34 PM
#6590   More good news for the STOCK this morning....Expecting common_cents 01/16/18 07:59:52 AM
#6589   cc, that one had escaped me but likely...thx...hard zagdad 01/14/18 01:14:57 AM
#6588   I believe t a stands for technical analysis common_cents 01/13/18 10:08:40 PM
#6587   Good thoughts and hopefully the plan - it zagdad 01/13/18 08:56:04 PM
#6586   This week FTE made a very clear statement Ed Ajootian 01/13/18 08:19:52 AM
#6585   Well I loved the start today....not so much zagdad 01/11/18 07:52:39 PM
#6584   I think we will see "guidance" next week common_cents 01/11/18 07:38:11 PM
#6583   The telling moment will occur when they release buzz_trader 01/11/18 07:27:31 PM
#6582   Each day is more amazing than the last. Ed Ajootian 01/11/18 08:48:33 AM
#6581   Wow SakartveloChan 01/10/18 01:32:26 PM
#6580   Update from CEO this morning: common_cents 01/10/18 08:55:36 AM
#6579   Well, FTE Network Services gets to "Ring the Chris1 01/10/18 08:40:34 AM
#6578   Another record volume day, pretty amazing. I Ed Ajootian 01/09/18 08:00:03 PM
#6577   I liked today a lot! $20 is zagdad 01/09/18 04:10:14 PM
#6576   New highs on excellent volume here. common_cents 01/09/18 03:11:18 PM
#6575   I feel the much bigger potential is here, buzz_trader 01/08/18 09:15:03 PM
#6574   News that should bring some nice exposure: SakartveloChan 01/08/18 09:03:07 AM
#6573   Thanks Ed, I appreciate and agree with your insights. SakartveloChan 01/08/18 12:21:49 AM
#6572   I'm likin' the past couple of weeks....let's just zagdad 01/06/18 07:35:01 PM
#6571   Not sure what to expect for timing of Ed Ajootian 01/06/18 07:59:48 AM
#6570   True on volume, great observation. Any idea SakartveloChan 01/04/18 09:27:52 PM
#6569   Speaking of volume, the last 4 days have Ed Ajootian 01/04/18 08:43:28 PM
#6568   Makes sense. 6:1 buy over sell volume SakartveloChan 01/04/18 12:59:06 PM
#6567   Not sure how smart these guys are, to Ed Ajootian 01/03/18 07:49:31 PM
#6566   Nice move and good volume today. New SakartveloChan 01/03/18 03:03:58 PM
#6565   It needs to work towards a broad shareholders buzz_trader 01/01/18 08:35:27 PM
#6564   My apologies. Here is the correct link. Scott12 12/28/17 03:18:00 PM
#6563   That article was a bit misleading. The author Scott12 12/28/17 02:50:53 PM
#6562   13D/A shanak10 12/21/17 06:53:11 AM
#6561   Agreed! Thanks for sharing the article. SakartveloChan 12/19/17 11:51:57 PM
#6560   FTE Networks moves to New York Stock Exchange Ed Ajootian 12/19/17 07:50:08 AM
#6559   Looks like we are hibernating here while optimistically buzz_trader 12/19/17 12:58:24 AM
#6558   Yes, over 1.5 years ago, 5/26/16 to be exact. Ed Ajootian 12/17/17 07:34:43 PM
#6557   Series D & F were converted to common TopKnotchTrades 12/17/17 08:54:27 AM
#6556   I don't understand your question. What dilutive Ed Ajootian 12/17/17 08:53:31 AM
#6555   So the dilutive shares have become common shares TopKnotchTrades 12/17/17 08:51:50 AM
#6554   Let's talk FTE dilutive securities. The Series Ed Ajootian 12/17/17 08:49:17 AM
#6553   That is correct! Understand that the American Stock common_cents 12/15/17 07:15:49 PM
#6552   47 cents Gaap, $1.61 NonGaap based on my 007Roger 12/15/17 05:10:20 PM
#6551   But they still have a ton of Series TopKnotchTrades 12/15/17 12:34:48 PM
#6550   LOL....they earned 33 cents a share last Quarter.....diluting? common_cents 12/15/17 12:27:00 PM
#6549   Is this company diluting? They aren’t making TopKnotchTrades 12/15/17 12:22:47 PM
#6548   Patience in My Opinion Daxtech 12/15/17 12:06:37 AM
#6547   Daxtech, great to see them update their presentation. Ed Ajootian 12/14/17 10:38:42 PM
#6546   I agree. Plan to increase my holdings. 007Roger 12/14/17 08:14:51 PM
#6545   I added some today. Long term I Quintessence 12/14/17 07:48:30 PM
#6544   It's like I said in my last post, Scott12 12/14/17 03:16:23 PM