NAPLES, Fla., Feb. 15, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American:FTNW), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that it was awarded a contract valued at approximately $36 Million.
FTE has secured a $36 Million award from one of the oldest and largest financial institutions in the U.S. to provide state-of-the-art technology, infrastructure and fit out services that support the enablement of future ready smart and innovative workspaces. The project, located in Manhattan, is anticipated to begin in the 1st Quarter and expected to complete over the next 18 months.
Michael Palleschi, President and CEO of FTE Networks, stated, “Our team continues to meet and exceed the expectations of our valued customers. Being awarded the contract by a marquee firm strengthens our ability to secure additional engagements with notable global companies located in one of the foremost markets. This award furthers our mission to transform tenant experiences and address increasing tenant demands for advanced technology solutions and high-speed internet. FTE is well positioned to meet the new design and future-ready requirements for smart building infrastructure. We continue to bolster our backlog, and these new contract awards are a testament to the hard work and dedication of the employees of FTE and its subsidiaries.”
About FTE Networks, Inc.
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.
