FTE Launches First Compute-to-The-Edge Facility
New Technology Provides Unprecedented Speed and Efficiency for
Wireless Networks
Offers Developers and Tenants Significant Savings, Revenue
Opportunities
Technology to Be Showcased in Mixed-Use Facility in Florida
NAPLES, FL -- February 1, 2017 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:
FTNW) ("FTE" or the "Company"), a leading network
infrastructure solutions provider in the technology and
communications industries, today announced that it has begun
installing its first Compute-to-The-Edge Network a new technology
that significantly improves Internet service while providing
tenants, REITs, and developers with substantial cost savings and
revenue opportunities.
Compute-to-The-Edge technology provides residents, employees,
and visitors with a fully integrated, real-time online experience,
and is significantly more efficient and less expensive to install
and maintain.
The Naples, Florida service center will be installed at
mixed-use retail and commercial facility. The installation will
serve as a showcase for FTEs new technology as it is adopted in the
market.
Real estate developers are facing unprecedented demand for
network capacity, said Michael Palleschi, CEO and Chairman of FTE
Networks. Our new technology allows them to offer the best possible
service to their tenants while creating meaningful savings for
themselves and their tenants and creating new revenue opportunities
for developers and landlords.
The new FTE integrated network and cloud platform uses an open
source operating model and houses the server in the building
itself. FTE provides REITs and developers with infrastructure for
Smart Building conversion that allows them to automate building
management systems, like HVAC and utilities, and support Internet
devices.
This system provides superior service to tenants due to its low
latency and high network availability. It also helps them by
enabling the rapid deployment of new products and services that
generate cost savings and revenue.
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, Wireless Integration, Network
Engineering, and 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.
# # #
FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Robert Goetze
MBS Value Partners
(212) 897-9667
Robert.goetze@mbsvalue.com
Media:
Jon Elsen
MBS Value Partners
(914) 305-6981
Jon.elsen@mbsvalue.com