NAPLES, Fla., Feb. 21, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that it has been awarded two new projects totaling $27.5 Million.
FTE has been awarded two projects with high-profile customers. The awards include a new customer project with a $100+ Billion multinational technology company valued at approximately $17.5 Million. This company employs approximately 75,000 employees globally, with a sizable portion working in the Manhattan markets. Additionally, a leading television broadcasting company with revenues of approximately $28.5 Billion and a large presence in Manhattan has awarded us a project valued at approximately $10 Million. The services include the creation of intelligent workplaces by providing state-of-the-art technology, infrastructure and fit-out services. The projects are expected to begin in Manhattan in the 1st Quarter and projected to be completed over the next 18 months.
Michael Palleschi, President and CEO of FTE Networks, stated, “I am extremely pleased with our steady flow of contract awards and the strengthening of our customer portfolio from both our existing customer base and new customer contracts. The continued expansion of FTE’s project portfolio with esteemed companies signals the market’s growing enthusiasm for FTE. Our visionary combination of technology and infrastructure supports the increasing demand for intelligent buildings by offering a comprehensive set of innovative solutions. Our dynamic product suite and services ensure tenants, workforces, and buildings are utilizing state-of-the-art facilities that provide faster and better compute to the edge solutions.”
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.
