FTE Debuts CrossLayer In Naples, Florida
Completes First Patent-Pending Compute-to-The-Edge Network
Installation
NAPLES, Fla. (November 8, 2017) - InvestorsHub NewsWire
- FTE Networks, Inc. (OTCQX: FTNW and OTCQX: FTNWD)
("FTE" or the "Company"), a leading provider of innovative
technology-oriented solutions for smart platforms, network
infrastructure and buildings, today announced that CrossLayer, a
wholly owned subsidiary of FTE, completed its first installation of
its patent-pending Compute-to-The-Edge Network technology in its
Naples, Florida headquarters.
The Naples, Florida service center is installed with the
capacity to serve the mixed-use retail and commercial facility. The
installation will serve as a showcase for CrossLayer's new
technology as it is adopted in the market. The new integrated
network and cloud platform uses a combination of patent pending
technology and an open source operating model.
CrossLayer provides key benefits to commercial real estate
developers and their respective tenants. The technology platform
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. Further, it provides for the ability to enable building
owners to experience and provide telecom carrier-like functionality
with ultra-fast, highly secure data network with unlimited
connections that they can own. CrossLayer will manage the network
from sign-up to service.
"We are excited to demonstrate the capacity of our
patent-pending CrossLayer technology showcased in our corporate
headquarters. Our team has designed a network that brings
unprecedented speed and efficiency to wireless networks, while
offering significant savings. Our team is currently in the process
of installing a second CrossLayer network which we expect to unveil
in the fourth quarter 2017." said Michael Palleschi, President and
CEO of FTE Networks.
Mr. Palleschi further states, "We believe that FTE Networks as a
consolidated company has a distinct competitive advantage, as the
Company operates three synergistic entities that have multiple
lines of business that complement one another. These include the
FTE Network Services which provides telecom and technology
infrastructure services, CrossLayer, which provides managed network
services and technology solutions, and Benchmark Builders, which
offers general contracting services."
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," "believe,"
and similar references to future periods. Examples of
forward-looking statements in this release may include, without
limitation, statements we make regarding our future business and
prospects; expected market opportunities; future products and
services and the expected success of those products and services,
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
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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
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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.
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FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW and OTCQX: FTNWD