High Times
Home > Boards > US Listed > Miscellaneous >

FTE Networks Inc. (FTNW)

Add FTNW Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 10/4/2018 11:55:52 AM - Followers: 91 - 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."



High Times
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#6799   Here's the research report that Roth Capital made ValueInvestor2017 10/04/18 11:55:52 AM
#6798   Here's the research report that Roth Capital made ValueInvestor2017 10/04/18 11:55:46 AM
#6797   ...and more great news...very under valued stock....IMHO zagdad 10/04/18 10:00:24 AM
#6796   Big news....if you build it they, the investors, zagdad 10/02/18 02:14:56 PM
#6795   FTE Networks: Ready To Rally ValueInvestor2017 09/28/18 04:56:44 AM
#6794   They are saying 400k per building and 30 zoomlik 09/25/18 02:57:12 PM
#6793   Nice day so far....way under valued here. zagdad 09/25/18 02:10:10 PM
#6792   Today's news release...shareholder update.....see 8K zagdad 09/25/18 10:42:33 AM
#6791   Does anyone know why a larger competitor does big orange 09/23/18 11:28:29 AM
#6790   Looks like you are correct! I didn't see 007Roger 09/22/18 03:22:29 PM
#6789   Article is paid by FTNW Tailwinds is engaged by zoomlik 09/22/18 08:05:33 AM
#6788   This has some estimates and future values: https://nam04.safelinks.protection.o 007Roger 09/21/18 09:25:42 PM
#6787   Peak $1 revenue .. so we need square zoomlik 09/21/18 11:37:11 AM
#6786   Per last call, at peak , cross over zoomlik 09/20/18 05:20:47 PM
#6785   No one knows...Broken model TopKnotchTrades 09/20/18 12:42:32 PM
#6784   Can anyone translate their goal of 30 buildings zoomlik 09/20/18 11:33:12 AM
#6783   Be patient this will pay off just waiting buzz_trader 09/19/18 01:02:29 AM
#6782   Come-on big orange mon... billion dollar contracts needed zagdad 09/12/18 03:24:17 PM
#6781   Seems like the problem is that the contracts big orange 09/12/18 10:28:52 AM
#6780   Management here is just god-awful. If you look common_cents 09/04/18 09:29:04 PM
#6779   Growth and potential are enormous. We all need buzz_trader 09/02/18 10:54:59 PM
#6778   FTNW is way under market it appears to zagdad 08/30/18 05:34:47 PM
#6777   The CrossLayer Opportunity Chris1 08/30/18 01:30:30 PM
#6776   Entering large market with strong partner and minimum Tailwinds Research 08/28/18 10:39:30 AM
#6775   Very nice move forward for FTNW. zagdad 08/28/18 10:14:27 AM
#6774   This one could be a "game changer". common_cents 08/28/18 08:04:21 AM
#6773   Higher short term prices coming IMO....If you're looking common_cents 08/27/18 12:53:37 PM
#6772   Yes, it just says “hard to borrow” TopKnotchTrades 08/27/18 09:39:50 AM
#6771   Management at FTNW has NO CLUE. They common_cents 08/26/18 08:52:43 PM
#6770   Did they say it was "hard to borrow"? common_cents 08/26/18 03:22:29 PM
#6769   I tried 2 weeks ago and E*TRADE wouldn’t TopKnotchTrades 08/26/18 03:21:28 PM
#6768   You can short this stock anywhere. But common_cents 08/26/18 03:13:24 PM
#6767   Anyone know any brokers that will let me TopKnotchTrades 08/26/18 01:32:16 PM
#6766   You might want to wait until it goes big orange 08/26/18 11:20:26 AM
#6765   FTNW buy 14.1501 stocktrademan 08/21/18 01:12:51 PM
#6764   that would be nice as I haven't understood zagdad 08/20/18 07:06:15 PM
#6763   Just added 3500 shares under $14...way oversold.....believe we common_cents 08/20/18 01:15:52 PM
#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