FTE NETWORKS LAUNCHES
CROSSLAYERTM SUBSIDIARYTO DELIVER MANAGED HIGH-SPEED NETWORKS TO
LARGE SCALE COMMERCIAL DEVELOPMENTS
CrossLayerTM to provide one-stop-shop capabilities for
integrated building solutions over innovative and scalable
cloud-based platform
NAPLES, FL -- October 26, 2017 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:
FTNW) ("FTE" or the "Company"), a leading provider of
innovative technology-oriented solutions for smart platforms,
network infrastructure and buildings, today introduced its
CrossLayerTM subsidiary, a managed services company with technology
that introduces a new business model for connecting large-scale,
state-of-the-art campuses and multi-use developments. With the
addition of CrossLayer to FTE's portfolio of businesses, the
Company now offers a comprehensive "one-stop shop" for technology,
telecommunications and general contracting.
The business brings telecom carrier-like functionality to
commercial real estate developments, essentially building an
ultra-fast, highly secure data network with unlimited connections
that the developer can own, with CrossLayer then managing the
network across the entire development, from sign-up to service.
FTE represents a unique platform for growth, providing
end-to-end design, build and support solutions for networks of the
future and commercial properties. FTE Network Services provides
network infrastructure solutions for the telecom and technology
sectors, CrossLayer provides managed network services with a
first-of-its-kind advanced network and cloud platform, and
Benchmark Builders provides full-service interior and general
contracting services.
"Our three businesses are predicated on smart design and
consistent standards that reduce deployment costs and accelerate
delivery of innovative projects and services," said Michael
Palleschi, President and CEO of FTE Networks. "FTE now serves five
fast-growing markets in-building wireless, global smart buildings,
network infrastructure, data center and U.S. commercial
construction."
"The demand for smart buildings drives the demand for FTE's
services," said Lynn Martin, President of CrossLayer. "With
CrossLayer, FTE now has a full, vertically integrated business
model that is first to market with a turnkey integrated building
solution providing owners and developers with the control that
comes with an owned-and-operated system. CrossLayer's purpose-built
platform enables customers to quickly introduce and deliver
innovative services that increase user satisfaction, while creating
monetization opportunities previously afforded only to network
operators. Providing reduced capital and operating costs for
customers, CrossLayer's managed network service solutions deliver
the agility and flexibility to meet evolving technology
advancements."
When developers offer the CrossLayer service to tenants, they
provide availability on day one of move-in and an always-on
connection to their private network anywhere on campus, ensuring
that data stays local and secure. CrossLayer then offers advanced
traffic analysis to developers, so they can monetize the network by
delivering value-added services based on traffic usage and
patterns.
"CrossLayer addresses tenant needs for a future-proof network,
delivering on three key needs: advanced services, network
performance and cost-efficient expansion," said Mr. Martin. "By
using low-cost commodity servers in a cloud environment, CrossLayer
can deliver new capabilities and scaling through upgradable
open-source software releases in a way that is similar to visiting
an app store to select new features."
About FTE Networks, Inc.
FTE Networks, Inc. ("FTNW"),
is a leading provider of innovative technology-oriented solutions
for smart platforms, network infrastructure and buildings. FTE's
three complementary businesses are FTE Network Services,
CrossLayer, Inc. and Benchmark Builders, Inc. Together they provide
end-to-end design, build and support solutions for state-of-the-art
networks and commercial properties to create the most
transformative smart platforms and buildings. FTE's businesses are
predicated on smart design and consistent standards that reduce
deployment costs and accelerate delivery of innovative projects and
services. The company works with Fortune 100/500 companies,
including some of the world's leading communications services
providers. FTE Networks and its subsidiaries support multiple
services, including Data Center Infrastructure, Fiber Optics,
Wireless Integration, Network Engineering, Internet Service
Provider, General Contracting Management and General Contracting.
For more information, please visit www.ftenet.com.
Note on Forward-Looking Statements
This release may contain "forward-looking statements" within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: "growth," "demand"
and similar references to future periods. Examples of
forward-looking statements in this release may include, without
limitation, statements we make regarding our strategy for growth
and market expansion, including our plans for marketing and
expanding Crosslayer's reach alongside our combined service
offerings; and other matters that involve known or unknown risks,
uncertainties and other factors that may cause our results, levels
of activity, performance or achievements to differ materially from
results expressed or implied by this release.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations, and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and market trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. These risk factors and others are
included from time to time in documents we file with the Securities
and Exchange Commission, including but not limited to, our Form
10-K's, Form 10-Q's and Form 8-K's. Our actual results and
financial condition may differ materially from those indicated in
the forward-looking statements. Accordingly, you should not place
undue reliance on these forward-looking statements. Any
forward-looking statement made by us in this update is based only
on information currently available to us and speaks only as of the
date on which it is made. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future developments or otherwise.
FTE Networks, Inc.
Media and Investor Relations:
FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW