FTE Networks Appoints Lynn Martin as Chief Operating Officer
Experienced Executive Will Bring Strategic Relationships to the
Company
NAPLES, FL--(September 27, 2016) - FTE Networks, Inc.
(OTCQX:FTNW) ("FTE" or the "Company"), a leading network
infrastructure solutions provider in the technology and
telecommunications vertical, today announced the appointment of Mr.
Lynn Martin as Chief Operating Officer (COO), effective September
27, 2016. As COO, Lynn Martin will be responsible for the
prioritization and alignment of company initiatives overseeing,
developing, and setting the strategic direction for the day-to-day
operations of FTE Networks and ensuring operational excellence
across the company.
The explosion in data and bandwidth needs is driving radical
shifts in the communications industry and cloud computing,
representing a significant opportunity to transform communications
networks and the way people meet and connect, said Martin. I look
forward to leveraging FTEs deep expertise in telecom and IT,
providing the tools and processes that propel projects, and
enabling communications providers and enterprises to increase the
agility and efficiency of their networks.
Prior to joining FTE, Lynn was head of the communications,
software, and technology division of Nexius where he was
responsible for growing the business by delivering end-to-end
network solutions for emerging technologies, such as Open
Source/NFV/SDN and infrastructure services that provided relevant
value to customers and helped them to optimize their businesses. In
addition to leading the software and technology teams, he created
several new business offerings in Engineering, Fiber and Open
Source development where he joined efforts with Open Compute
Project and Telecom Infra Project communities both founded by
Facebook to provide new network architectures and solutions with
greater simplicity and efficiency. Before Nexius, Martin served as
Executive Director of Telcordia Technologies, where he ran the
companys next generation software product line, was a senior
strategist in Accentures Network Practice, and spent over a decade
at Level 3 Communications at VP of Operational Integration and
Process Management.
Lynn has proven leadership and deep operating experience that
makes him uniquely qualified to drive strategic prioritization to
further align our business for peak performance, said Mr. Michael
Palleschi, FTE Networks Chairman and Chief Executive Officer. I
have great confidence in his ability to work closely with our
leadership team in order to execute on the companys vision and
strategy, optimize efficiencies, and extend our relationships with
key partners. Lynn has cultivated key relationships in the
technology and communications space that will further expand our
business globally and help develop and launch our managed network
strategy powered by compute to the edge. His longstanding industry
relationships coupled with the emerging market opportunity that is
available to FTE, make him an ideal fit for our Chief Operating
Officer position.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation
helping communications service providers, government and enterprise
customers evolve their networks to meet advancing technology
requirements via network infrastructure, and edge computing
solutions to quickly enhance service innovation and deliver new
revenue streams. With a focus on smart design, open architectures
and consistent standards, along with expertise in building,
operating, and maintaining networks, FTE solves complex network and
system challenges that reduce costs and deployment time to
accelerate delivery and optimize performance of network
infrastructure. Operating five (5) industry segments; Data Center
Infrastructure, Fiber Optics, and Wireless Integration, Network
Engineering, Compute to the Edge, 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
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