FTE Networks Forms Strategic Advisory Board, Appoints Initial
Group of Advisors
Senior-Level Leaders in Advanced Technology, Cloud, and Open
Compute
Will Help FTE Maximize Impact of Multi-Edge Computing
Services
NAPLES, FL -- December 7, 2016 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:FTNW)
("FTE" or the "Company"), a leading network infrastructure
solutions provider to the technology and communications industry,
today announced it has formed a Strategic Advisory Board to provide
senior counsel to the company on opportunities to evolve and
advance the deployment of its disruptive multi-edge computing
services.
External Members of FTE Networks Multi-Edge Computing Strategic
Advisory Board are:
- John Morgan, Telecom and Social Media Industry Veteran
- David Kalinske, Chief of Staff for A3 by Airbus Group, the
Silicon Valley outpost of Airbus Group
- Eric Salzman, Sr. Managing Director, Monarch Capital Group,
LLC
Chairman of the Multi-Edge Computing Strategic Advisory Board
and COO of FTE Networks, Lynn Martin, said, With new game-changing
technologies in design and development, the time is right to begin
thinking more broadly about maximizing the impact of our new
multi-edge computing services and identifying the range of
opportunities and markets available to us.
The establishment of our Strategic Advisory Board represents our
commitment to build on the companys recent momentum and pursue
smart, strategic growth opportunities, said Michael Palleschi, FTE
Networks (FTNW)
Chairman of the Board and Chief Executive Officer. Each member
brings extensive cloud and open compute expertise, and will be a
tremendous asset as we develop our next generation business of data
center and multi-edge computing services.
Background on Advisory Board Members
- John Morgan. Mr. Morgan is currently working with operators to
improve network coverage and capacity to make the world more open
and connected. Morgan has over twenty-five years in the
Communications and IT Industries and is currently supporting
operators with the adoption of open source hardware and software in
their networks through the Open Compute Project (OCP) and Telecom
Infrastructure Project (TIP) initiatives. Prior to his current
work, Morgan was global technical lead for legacy network
migrations at Accenture where he worked with operators on product
rationalization and simplification, copper to fiber migration
platform implementations, and decommissioning strategies for copper
and central office equipment. Prior to Accenture, he held executive
positions with several software start-up firms in the
communications industry, as well as with leading operators, such as
Verizon, Level 3 Communications, and Genuity. His background
includes work in network planning and engineering, product
management, OSS/BSS development, finance, and operations. He
completed his undergraduate work in Accounting at the College of
William and Mary and received his MS in Information and
Telecommunications Systems from the Johns Hopkins University.
- David Kalinske. Mr. Kalinske is the Chief of Staff for A3 by
Airbus Group and former Aide to two U.S. Presidents, President
George W. Bush and President Barack Obama. In his previous role, he
was the recipient of the Defense Superior Service Medal for
superior meritorious service in the position of significant
national responsibility as Aide to the President of the United
States. He also served as a research engineering leader with
Lockheed Martin Aeronautics supporting Advanced Development
programs, also known as The Skunk Works, and founded Global Hybrid
Company, an airborne logistics provider utilizing the revolutionary
Hybrid Airship. A TOPGUN graduate and a Marine Corps fighter
squadron Commanding Officer (CEO), he was selected via scholarship
into the Harvard University, Kennedy School of Government, National
Security Fellow program with a focus in the study of cybersecurity
policy.
- Eric Salzman. Mr. Salzman has 20 years of
experience working with communications and software companies
with a focus on driving operational and financial excellence.
He is currently a Senior Managing Director at Monarch Capital
Group, LLC, a boutique investment bank and money management
firm and serves as an independent director on several public
and private technology company boards including 8x8, Inc., ASG
Technologies, Sorenson Communications and FragranceNet.com.
Prior to 2011, Mr. Salzman spent eight years at Lehman
Brothers as a Managing Director in the Private Equity and Principal
Investing Group, as well as a Managing Director in the Global
Trading Strategies Division, including three years managing the
operational and financial restructuring of dozens of companies
within the Lehman Bankruptcy. Prior to Lehman Brothers, Mr.
Salzman was a senior investment professional focused on the
technology and communications industry at a multi-strategy hedge
fund and at two growth-oriented private equity funds. Mr.
Salzman began his career in the M&A Group at CS First
Boston. Mr. Salzman graduated with a B.A. Honors from the
University of Michigan and received his MBA from Harvard
University.
For complete bios please see company website http://ir.ftenet.com/.
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 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 because of new
information, future events or otherwise, except as required under
applicable securities laws.
Contacts:
FTE Networks, Inc.
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