FTE NETWORKS FILES PROVISONAL
PATENT APPLICATION FOR CROSSLAYER TECHNOLOGY COVERING DECENTRALIZED
INTERNET AND CLOUD SERVICES
Technology Designed to Reduce Network Latency, Improve Bandwidth
Capacity and Provide Enhanced Security
NAPLES, FL -- October 31, 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 announced that it has
filed a provisional patent application with the United States
Patent and Trademark Office (USPTO) for CrossLayer technology
covering the decentralized provision of internet and cloud
services.
Networks are composed of OEM devices that bundle hardware and
software together at centralized sites. Networks generally then use
extensions to provide services to end users. CrossLayer technology
enables software and hardware ecosystems to be deployed on-site at
the building, which can deliver converged carrier-grade network and
cloud services to building tenants. CrossLayer capability regarding
edge deployment and convergence of cloud and network access is
designed to reduce network latency, increase bandwidth to content
and cloud services, and provide levels of security that customers
cannot obtain with other network architectures. Its unique
architecture enables CrossLayer to deliver managed high-speed
networks to individual buildings and large-scale commercial
projects.
"We are pleased to announce the filing of this provisional
patent application as it further supports our company's growth
strategy" said Mr. Michael Palleschi, President and CEO of FTE
Networks.
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.
About CrossLayer, Inc.
CrossLayer, a managed network services company with a new
business model for connecting large-scale, state-of-the-art
campuses and multi-use developments, delivers technology solutions
via an advanced network and cloud platform, providing owners and
developers with the control that comes with an owned-and-operated
system. CrossLayer's purpose-built platform enables customers
to introduce and deliver innovative services quickly 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. A wholly owned subsidiary of
FTE Networks, Inc., CrossLayer is headquartered in Naples, Florida.
For more information, please visit www.CrossLayer.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: "expect," "plan,"
"believe," "may," "could," "should," "will" and similar references
to future periods. Such forward-looking statements are estimates
reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no assurance that other factors will not affect the
accuracy of such forward-looking statements. For instance, there is
no assurance that provisional patent-pending applications will
result in granted patents, or that competing companies, in their
normal course of business, might not introduce other unrelated
inventions superior to the Company's own.
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.
Media and Investor Relations:
FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX: FTNW