Tuesday, March 20, 2018 5:28:32 PM
LONGWOOD, Fla., March 08, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc., (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 Company’s new ADEX Corp subsidiary
which did over $20 Million in gross revenue for 2017,
contributed over $2.6 million in new annualized 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 the work under these contracts has already begun and will 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."
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