FTE Networks Signs Master Services Agreement with EdgeConneX
July 28 2016 - 8:11AM
InvestorsHub NewsWire
FTE
Networks Signs Master Services Agreement with
EdgeConneX
NAPLES, FL--(July 28, 2016) - FTE Networks, Inc.
(OTCQX:FTNW)
("FTE" or the "Company”) a
leading network infrastructure solutions provider in the technology
and telecommunications vertical, today announced
that it has signed a Master Service Agreement (MSA) with EdgeConneX
Inc. (EdgeConneX), a global Edge Data Center® provider that
presents a robust Internet ecosystem with colocation services
providing space, power and connectivity to deliver digital content
in a seamless, integrated network. EdgeConneX provides its products
and services in more than 3,000 national locations and has 24 Edge
Data Centers across the U.S. and five (5) underway across Europe.
Under the agreement, FTE will provide Inside Plant (ISP) services
within Edge Data Centers worldwide.
Anthony Sirotka, Chief Business Development
Officer of FTE Networks (FTNW),
commented, “We are very pleased to have secured this MSA with
EdgeConneX due to our best in class infrastructure deployment
solutions. This contract is in line with our strategy to shift our
revenue concentration towards ISP work due to better gross margins
and higher profits. It also continues to support our
geographic expansion and services in regions across the U.S. and
abroad.”
"We believe that choosing FTE Networks was the
right decision to ensure our success because they deliver superior
work, are scalable while able to keep costs down and increase our
speed to market. This is the beginning of a long-lasting
partnership," remarked Clint Heiden, Chief Commercial Officer,
EdgeConneX.
About FTE Networks,
Inc.
FTE Networks, Inc. (FTNW),
and its wholly owned subsidiaries, is a leading international
networking infrastructure solutions company. We design, build, and
support telecommunications and technology systems and
infrastructure services for Fortune 500 companies operating four
(4) industry segments; Data Center Infrastructure, Fiber Optics,
Wireless Integration, and Surveillance & Security. FTE Networks
is headquartered in Naples, Florida, with offices throughout the
United States and Europe.
About EdgeConneX
EdgeConneX® is the only global Edge Data Center®
provider. Creating purpose-built, edge-of-network infrastructure
solutions that extend the Internet’s reach, EdgeConneX enables the
fastest and most secure delivery of content, cloud services and
applications. Edge Data Centers host bandwidth intensive and
latency sensitive data closer to end-users, establishing a more
secure, reliable and cost effective distribution model for the
Internet. For more information, please visit the EdgeConneX
Internet of Everywhere® at edgeconnex.com.
Forward Looking
Statements
This release may contain forward-looking
statements relating to the business of FTE. All statements other
than historical facts are forward-looking statements, which can be
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. These statements
involve risks and uncertainties that may cause actual results to
differ materially from those anticipated, believed, estimated or
expected. These risks and uncertainties are described in detail in
our filings with the Securities and Exchange Commission.
Forward-looking statements are based on FTE's current expectations
and beliefs concerning future developments and their potential
effects on FTE. There is no assurance that future developments
affecting FTE will be those anticipated by FTE. FTE undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required under applicable securities
laws.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy
Chief Compliance Officer / Investor
Relations
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext:304
ftnw@crescendo-ir.com
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