NAPLES, FL--(Marketwired - July 28, 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 signed a Master Service Agreement (MSA) with EdgeConneX Inc. (EdgeConneX), a global Edge Data Center® provider that presents a robust Internet ecosystem with colocation services providing space, power and connectivity to deliver digital content in a seamless, integrated network. EdgeConneX provides its products and services in more than 3,000 national locations and has 24 Edge Data Centers across the U.S. and five (5) underway across Europe. Under the agreement, FTE will provide Inside Plant (ISP) services within Edge Data Centers worldwide.
Anthony Sirotka, Chief Business Development Officer of FTE Networks (FTNW), commented, "We are very pleased to have secured this MSA with EdgeConneX due to our best in class infrastructure deployment solutions. This contract is in line with our strategy to shift our revenue concentration towards ISP work due to better gross margins and higher profits. It also continues to support our geographic expansion and services in regions across the U.S. and abroad."
"We believe that choosing FTE Networks was the right decision to ensure our success because they deliver superior work, are scalable while able to keep costs down and increase our speed to market. This is the beginning of a long-lasting partnership," remarked Clint Heiden, Chief Commercial Officer, EdgeConneX.
About FTE Networks, Inc.
FTE Networks, Inc. (FTNW), 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.
EdgeConneX® is the only global Edge Data Center® provider. Creating purpose-built, edge-of-network infrastructure solutions that extend the Internet's reach, EdgeConneX enables the fastest and most secure delivery of content, cloud services and applications. Edge Data Centers host bandwidth intensive and latency sensitive data closer to end-users, establishing a more secure, reliable and cost effective distribution model for the Internet. For more information, please visit the EdgeConneX Internet of Everywhere® at edgeconnex.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.