SOURCE: FTE Networks, Inc.

FTE Networks, Inc.

July 20, 2016 07:30 ET

FTE Networks Awarded Seven Multi-Dwelling Unit Projects in Texas With Leading Fortune 100 Company Valued at Approximately $1.0 Million

NAPLES, FL --(Marketwired - July 20, 2016) - FTE Networks, Inc. (OTCQX: FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider in the technology and telecommunications vertical, today announced that it has been awarded seven Multi-Dwelling Units (MDU) projects in Texas by a Fortune 100 global telecommunications company. FTE has completed site surveys and has begun construction on the seven MDU projects across the Texas region. The development projects are expected to be completed over the next several months and are collectively valued at approximately $1.0 million.

Anthony Sirotka, Chief Business Development Officer of FTE Networks, stated, "We continue to expand our scope of work across multiple markets and project verticals while delivering high quality services to our customers. We were awarded this project by a Fortune 100 global telecommunications company due to our consistent high quality work performance rating. We hope to continue this positive work relationship and receive additional projects in the future. This project strengthens our foothold in Texas and further validates our strategy to add new customers and new projects in existing markets."

About FTE Networks, Inc.

FTE Networks, Inc., and its wholly owned subsidiaries, is a leading international networking infrastructure solutions company. We design, build, and support telecommunications and technology systems and infrastructure services for Fortune 500 companies operating four (4) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, and Surveillance & Security. 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.

Contact Information

  • Contacts:

    FTE Networks, Inc.
    Kirstin Gooldy, CCO & IR
    999 Vanderbilt Beach Rd., Suite 601
    Naples, FL 23108
    (877) 850-4308
    ir@ftenet.com

    Investor Relations:
    Natalya Rudman, SVP
    Crescendo Communications, LLC
    (212) 671-1020, Ext:304
    ftnw@crescendo-ir.com