$SGSI .007 News!! Spectrum Global Solutions Receives Over $3.5 Million in New Contract Awards Year to Date GlobeNewswire "Press Releases"
LONGWOOD, Fla. , March 08, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. , (OTC:SGSI) (the Company), , a single-source provider of end-to-end next-generation wireless and wireline network solutions, to the service provider (carrier) and corporate enterprise markets, has received over $3.5 million in new contract awards year to date 2018.
The Companys new ADEX Corp subsidiary which did over $20 Million in gross revenue for 2017, contributed over $2.6 million in new contracts during this period. These new customer orders are to provide professional services and project management for engineering design and network upgrade services for new state of the art, next generation communications systems. Much of work under these contracts has already begun and will be begin to be reflected in our filings for the first Quarter 2018.
Roger Ponder , CEO stated; "We have secured significant new business that adds to our backlog at an accelerated pace. These new purchase orders and contracts reflects the customer demand for our distinctive and proven suite of services within the enterprise and service provider markets."
About Spectrum Global Solutions, Inc :
Spectrum Global Solutions operates through its AW Solutions, ADEX Corp and Mantra Energy Alternatives subsidiaries. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States , Canada , Puerto Rico , Guam and Caribbean .
The Companys subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable. For more information about the Company and its technologies visit the Companys public filings at SEC.gov.
