FTE Networks Inc (fka FTNW)

[Chris1]

October 6, 2016
FTE Networks Joins Telecom Infra Project
NAPLES, FL -- (Marketwired) -- 10/06/16 -- FTE Networks, Inc. (OTCQX: FTNW) ("FTE"
or the "Company"), a leading network infrastructure solutions provider in the technology
and telecommunications industries, today announced it has joined the Telecom Infra
Project, (TIP), co-founded by Facebook, SK Telecom, Deutsche Telekom, Intel and Nokia,
to collaborate and help transform how networks are architected and operated leveraging
open hardware and software resulting in a lower cost and more scalable network
infrastructure.
TIP is an engineer-focused initiative driven by operators, infrastructure providers, system
integrators, and other technology companies that aims to reimagine the traditional
approach to building and deploying telecom network infrastructure. TIP will explore new
approaches and technologies across three initial focus areas: access, backhaul, and core
and management. The project groups within these areas will leverage the unique
engineering and operational expertise of each member, focusing on developing new
technologies and exploring new approaches to deployment in both developed and
emerging markets.
With a focus on open solutions and consistent standards, FTE will leverage its build and
operate experience in network infrastructure and data center expertise to evolve and
simplify network architectures for enhanced service innovation and end-user experience.
"With video and data growth continuing to outpace network growth, new technologies such
as Augmented & Virtual Reality, 4K, 8K, and 360video, along with the overlay of social
media enriched experiences are being restrained by an already congested and
underperforming network," said Mike Bonewitz, CTO of FTE Networks, Inc. "We look
forward to leveraging our expertise automating networks and deploying new access
technologies to collaborate and propel the evolution of networks into more efficient and
agile models."
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications
service providers, government and enterprise customers evolve their networks to meet
advancing technology requirements via network infrastructure, and edge computing
solutions to quickly enhance service innovation and deliver new revenue streams. With a
focus on smart design, open architectures and consistent standards, along with expertise
in building, operating, and maintaining networks, FTE solves complex network and system
challenges that reduce costs and deployment time to accelerate delivery and optimize
performance of network infrastructure. Operating five (5) industry segments; Data Center
Infrastructure, Fiber Optics, and Wireless Integration, Network Engineering, Compute to
the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the
United States and Europe. For more information, please visit: www.ftenet.com.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of FTE. All
statements other than historical facts are forward-looking statements, which can be
identified by the use of forward-looking terminology such as "believes," "expects" or similar
expressions. These statements involve risks and uncertainties that may cause actual
results to differ materially from those anticipated, believed, estimated or expected. These
risks and uncertainties are described in detail in our filings with the Securities and
Exchange Commission. Forward-looking statements are based on FTE's current
expectations and beliefs concerning future developments and their potential effects on
FTE. There is no assurance that future developments affecting FTE will be those
anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise,
except as required under applicable securities laws.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy
CCO
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
[phone]
[e-mail]
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
[phone], Ext: 304
[e-mail]
Source: FTE Networks, Inc.