FTE’s CrossLayer to Enter Canadian Market

FTE Networks (NYSEA:FTNW), a leading provider of innovative technology-oriented solutions for smart platforms announced that its subsidiary CrossLayer will enter Canadian market through Ontario-based Buttcon Holdings.

The company said that Buttcon, a construction company will present CrossLayer as the preferred technologhy partner for Buttcon’s family of business.

As quoted in the press release:

The proposal calls for CrossLayer to utilize Buttcon’s construction services for installation and deployment of fiber, conduit and equipment required to deliver on CrossLayer services in Buttcon sourced buildings in the Province of Ontario, the most populous province in the country. Buttcon will also be designated as the exclusive provider of remote/on-site service support for all commercial, institutional, industrial, and residential properties utilizing CrossLayer services in Ontario.

“I am extremely excited about partnering with Buttcon. This represents a great strategic relationship with a high-quality, customer-focused company, and our first international expansion of the CrossLayer platform,” said Michael Palleschi, President and CEO of FTE Networks. “CrossLayer’s compute-to-the-edge technology solution is rapidly gaining traction in the U.S., and we’re looking forward to expanding our footprint in the growing Ontario region. This alliance and the numerous opportunities it brings to CrossLayer will add additional buildings to the portfolio of buildings that utilize our compute to the edge technology and further strengthen our stated objectives of having at least 30 buildings on-net by year end 2018. This alliance with CrossLayer provides additional opportunities to attain our stated objectives of having at least 30 buildings on-net by year end 2018.”

“This new business relationship is not just a win-win for Buttcon and CrossLayer, but also a win-win for property owners and their tenants,” said Michael A. Butt, P.Eng., Chairman, CEO and Director of Buttcon. “The CrossLayer advanced data network is a significant differentiator for commercial property owners and developers looking to attract a dynamic workforce that requires always-on connectivity wherever they work across a campus.”

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