NAPLES, Fla., May 01, 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 has been awarded approximately $28 million in new projects in April of 2018, bringing the Company’s year-to-date total to approximately $161 million. The new contract awards cover three separate projects with a leading shared office space provider that supplies its tenants with physical and virtual service offerings.

Michael Palleschi, President and CEO of FTE Networks, stated, “These new contracts reinforce the value that FTE’s suite of complementary technology and general contracting solutions can provide its clients, enabling them to meet increasing tenant demands for intelligent work spaces. Similar to our recently announced partnership with Industry City, FTE is well positioned to help build real estate developments as innovative ecosystems that benefit tenants and the wider community alike. We continue to see momentum in our business and expect our growing backlog to drive sustained expansion and sustainable shareholder value.”

About FTE Networks, Inc.

FTE Networks, Inc. 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.