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Created: 10/09/2008 03:48:59 AM - Followers: 90 - 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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#7213
FTNW - Filed a Form 10 Trades again trader53 05/31/2022 11:19:36 AM
#7212
FTNW - Revoked Sep. 12, 2014 Trades again trader53 04/15/2022 02:16:46 AM
#7211
FTNW - Revoked Sep. 12, 2014 Trades again trader53 04/06/2022 03:42:15 AM
#7210
FTNW - SEC accepts Offer of Settlement submitted trader53 04/04/2022 02:47:54 AM
#7209 no quarterly filings in 2+ years doinit 02/07/2021 02:08:44 PM
#7208 https://ir.ftenet.com/quarterly-reports?page=1#document-2655-0001493152-20-01612 doinit 02/07/2021 02:07:49 PM
#7207 Chris----you still playing the pennies??? art35 01/06/2021 05:04:12 PM
#7206 Nada !! The money is gone!! Surf335 12/04/2020 07:51:31 AM
#7205 well a heart beat is good at least! zagdad 05/11/2020 01:03:03 PM
#7204 Looks like they really have gone back to SakartveloChan 05/11/2020 11:24:46 AM
#7203 Well, nothing for the past two months...anybody got zagdad 05/03/2020 04:03:04 PM
#7202 https://finance.yahoo.com/news/fte-networks-provides-shareholder-031229406.html dsscam 03/03/2020 03:40:56 AM
#7201 Any updates on what's doing here? Thx zagdad 02/14/2020 11:13:14 PM
#7200 NEW YORK, Dec. 20, 2019 /PRNewswire/ -- Suneet Prinz18 12/30/2019 02:33:03 PM
#7199 Wow, now we know why the huge blocks bransteff 12/19/2019 01:56:50 PM
#7198 Yes, hopefully not, but also there was also bransteff 12/12/2019 04:42:56 PM
#7197 Halted t1 hopefully is not that long like Surf335 12/11/2019 08:03:35 PM
#7196 Deals off???? bransteff 12/11/2019 10:47:30 AM
#7195 Sold it back at $1.5 zoomlik 11/14/2019 10:48:16 PM
#7194 I got about 20,000 shares .. avg $1.5 zoomlik 10/29/2019 04:14:26 PM
#7193 This could be a historic reversal! SakartveloChan 10/28/2019 10:18:33 AM
#7192 FTNW cash cow milking daily weldman 10/25/2019 07:40:38 PM
#7191 What is cash cow? zoomlik 10/25/2019 07:24:33 PM
#7190 NOT ALL IN weldman 10/25/2019 07:18:33 PM
#7189 cash cow weldman 10/25/2019 07:16:53 PM
#7188 New merger , if it happens, should be zoomlik 10/25/2019 07:11:54 PM
#7187 I would say so this may be new bottom.. weldman 10/25/2019 06:47:41 PM
#7186 My 1.02's looking good! I was SakartveloChan 10/25/2019 05:42:07 PM
#7185 Might have to grab a few shares here MD3 10/24/2019 08:37:40 PM
#7184 Entity that is foregiving $80M debt owns 30% zoomlik 10/22/2019 05:42:41 PM
#7183 Looks like a reverse merger with that $4B zoomlik 10/22/2019 05:04:07 PM
#7182 UFO . Hope you make up for losses zoomlik 10/22/2019 03:38:04 PM
#7181 What will be share count after all this ? zoomlik 10/19/2019 10:54:40 AM
#7180 Not clear to me how much dilution this zoomlik 10/19/2019 10:54:20 AM
#7179 I was out .. got back in zoomlik 10/19/2019 09:25:09 AM
#7178 NOT WORRIED about what i missed but what weldman 10/18/2019 04:22:55 PM
#7177 YES I agree with your outlook got in weldman 10/15/2019 05:02:45 PM
#7176 Yeah, well, did you notice it didn't last long?? SakartveloChan 10/15/2019 03:12:19 PM
#7175 1.40 TODAY= WOW G2G 10/15/2019 02:27:33 PM
#7174 Took me by surprise, wishing I had pulled SakartveloChan 10/15/2019 01:08:33 PM
#7173 Any thoughts on the 8K? Chris1 10/15/2019 09:18:07 AM
#7172 News: $FTNW FTE Networks Provides Shareholder Update whytestocks 09/12/2019 11:50:21 AM
#7171 PATIENCE beambe 07/16/2019 12:24:43 PM
#7170 It won't be back to $2-$3 anytime soon UFO 07/16/2019 12:01:05 PM
#7169 PR’s and ER ahead FTE Networks FTNW. Fair sanderburwil 07/16/2019 10:28:11 AM
#7168 FTE Networks- Huge uptrend from here on given sanderburwil 07/16/2019 06:01:40 AM
#7167 Will be back to $2-3+ sinner than most sanderburwil 07/15/2019 09:11:28 AM
#7166 good Volume beambe 07/12/2019 12:30:23 PM
#7165 News: $FTNW FTE Networks Announces Completion of Debt Restructuring whytestocks 07/12/2019 10:40:25 AM
#7164 $2++ watch for it sanderburwil 07/12/2019 10:04:45 AM
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