FTE Networks Joins Telecom Infra Project
NAPLES, FL -- October 6, 2016 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:
FTNW) ("FTE" or the "Company"), a leading network
infrastructure solutions provider in the technology and
telecommunications industries, today announced it has joined the
Telecom Infra Project, (TIP), co-founded by Facebook, SK
Telecom, Deutsche Telekom, Intel and Nokia, to collaborate and
help transform how networks are architected and
operated leveraging open hardware and software resulting
in a lower cost and more scalable network
infrastructure.
TIP is an engineer-focused initiative driven by operators,
infrastructure providers, system integrators, and other technology
companies that aims to reimagine the traditional approach to
building and deploying telecom network infrastructure. TIP will
explore new approaches and technologies across three initial focus
areas: access, backhaul, and core and management. The project
groups within these areas will leverage the unique engineering and
operational expertise of each member, focusing on developing new
technologies and exploring new approaches to deployment in both
developed and emerging markets.
With a focus on open solutions and consistent standards, FTE
will leverage its build and operate experience in network
infrastructure and data center expertise to evolve and
simplify network architectures for enhanced service innovation and
end-user experience.
With video and data growth continuing to outpace network growth,
new technologies such as Augmented & Virtual Reality, 4K, 8K,
and 360video, along with the overlay of social media enriched
experiences are being restrained by an already congested and
underperforming network, said Mike Bonewitz, CTO of FTE Networks,
Inc. We look forward to leveraging our expertise automating
networks and deploying new access technologies to collaborate and
propel the evolution of networks into more efficient and agile
models.
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
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
ftnw@crescendo-ir.com