© Reuters.  FTE Networks bags contract worth $27.5M© Reuters. FTE Networks bags contract worth $27.5M

  • FTE Networks (FTNW +4.1%) has been awarded two new projects totaling $27.5M by two multi-national fortune 500 companies.
  • The services include the creation of intelligent workplaces by providing state-of-the-art technology, infrastructure and fit-out services. The projects are expected to begin in Manhattan in the Q1 and projected to be completed over the next 18 months.
  • CEO Michael Palleschi: “I am extremely pleased with our steady flow of contract awards and the strengthening of our customer portfolio from both our existing customer base and new customer contracts. The continued expansion of FTE’s project portfolio with esteemed companies signals the market’s growing enthusiasm for FTE. Our visionary combination of technology and infrastructure supports the increasing demand for intelligent buildings by offering a comprehensive set of innovative solutions. Our dynamic product suite and services ensure tenants, workforces, and buildings are utilizing state-of-the-art facilities that provide faster and better compute to the edge solutions.”
  • Now read: Cisco Systems (NASDAQ:CSCO) Raises Dividend 14% – Now What?

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