FTE Networks Awarded New Contracts Totaling Approximately $28 Million

FTE Networks Inc (NYSEA:FTNW), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings announced that it has been awarded approximately $28 million.

The company provides end-end design, build and support solutions for state-of-the-art networks, data centers, residential and commercial properties.

Last month, the company said that it was awarded new contracts for projects worth $24.3 million and that its year-to-date total was approximately $133 million.

As quoted in the press release:

“These new contracts reinforce the value that FTE’s suite of complementary technology and general contracting solutions can provide its clients, enabling them to meet increasing tenant demands for intelligent work spaces,” Michael Palleschi, president and CEO of FTE Networks said. “Similar to our recently announced partnership with Industry City, FTE is well positioned to help build real estate developments as innovative ecosystems that benefit tenants and the wider community alike. We continue to see momentum in our business and expect our growing backlog to drive sustained expansion and sustainable shareholder value.”

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