FTE Networks Launches New Government Services Vertical
August 31 2016 - 8:33AM
InvestorsHub NewsWire
FTE
Networks Launches New Government Services
Vertical
NAPLES,
FL --
August 31, 2016 -
InvestorsHub NewsWire -- FTE Networks, Inc. (OTCQX: FTNW) ("FTE" or
the "Company"), a leading network infrastructure solutions
provider for the technology and communications industries, today
announced that the Company is expanding into the government sector,
providing technology and communications solutions to support the
U.S. Government federal, state and local
agencies.
The
purpose of the municipal division is to execute FTE’s existing
services and solutions in support of Government specific
projects. Mr. John Wood will serve as President of Government
Operations and lead the expansion of the Government vertical.
The expansion into the Government vertical will also enhance FTE’s
ability to serve their core customers as the Government
sector provides an enabling function across all critical
infrastructure throughout the U.S.
Mr.
Michael Palleschi, FTE Networks (FTNW) Chairman and Chief Executive
Officer, commented, “We are continuing to accelerate growth and
transform FTE into a comprehensive solutions provider in the
technology and communications vertical. FTE will be able to
take the aspects learned from these projects and apply the best
practices throughout the organization enabling the company to
accelerate and transform into a more disruptive
company. We are confident that this new division
will increase our already strong revenue base while bolstering our
position as an emerging market leader.”
“The Government vertical is a critical and
integral component requiring experienced network architecture
design and deployment. It provides an enabling function
across all critical infrastructure sectors, which creates
interoperability within networks throughout the country. With
FTE’s vast experience, customized solutions and speed to market we
will be able to support Government agencies in engineering, design,
deployment and maintenance support. The expansion into the
Government vertical allows us to support and grow all of our lines
of business including, telecom, engineering and wireless and
wireline” said Mr. Wood. “Most importantly, it will allow us to
further develop our security and surveillance lines of
business.”
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 companies including Fortune 500 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. For more information please
visit: www.ftenet.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, CCO & IR
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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