FTE’S CrossLayer Enters into Contract to Install Edge Compute Platform into Multi-Tenant Building

FTE Networks (NYSEA:FTNW) announced that its subsidiary CrossLayer will install and manage edge compute platform in a multi-story, multi-tenant building in Scottsdale, Arizona.

As quoted in the press release:

The Mixed-Use Commercial Property, which is more than 80 percent leased and marks FTE’s entrance into the greater-Phoenix market, is located in a high-traffic area near retail and restaurants, and adjacent to the Scottsdale Airport. The CrossLayer™ edge compute platform will deliver new enhanced digital technology services to the building and its tenants.

“I am very pleased to announce yet another CrossLayer™ contract award and our expansion into the Arizona market. The compelling value proposition of the CrossLayer™ platform is leading to sales in new markets across the United States and this is a trend we expect to continue,” said Michael Palleschi, President and CEO of FTE Networks. “With our dedicated and expanded sales team, the pace of new contract wins is accelerating, and our pipeline is robust and growing. CrossLayer™ technology brings the prospect of multi-year, recurring revenue with increased gross margins which is a growth driver for our business.”

CrossLayer will install and operate a direct fiber-to-wireless platform in the property, and serve as a provider of data, internet, voice and advanced communications services. Additionally, CrossLayer’s Campus Private Network solution will enable tenants to work anywhere securely within the building, without losing connectivity to their private wireless network.

“We are seeing a rapid adoption of the CrossLayer™ platform which reinforces our belief that our new model for operating a data and voice network in commercial properties is the wave of the future,” said Lynn Martin, President of CrossLayer. “With our first-mover advantage and our strategic approach to national marketing and sales efforts, we are confident that owners and managers of all types of commercial properties will continue to select CrossLayer™ recognizing the advantages that the CrossLayer™ platform can deliver to their tenants – and to their bottom line.”

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