FTE Networks Unveils New Service Platform Powered by Compute to
the Edge for REITs & Developers
New Platform Designed to Enable Intelligent Campus
NAPLES, FL -- November 2, 2016 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:FTNW)
("FTE" or the "Company"), a leading network infrastructure
solutions provider to the technology and communications service
provider industries, today announced the introduction its
multi-edge computing platform for REITs and developers that enables
a fully integrated, real-time, connected experience for residents,
employees and visitors.
"Cloud-based applications, augmented reality, asset tracking,
security, targeted marketing, building system management, data
analytics, and in-store or office experience continue to push the
network needs of the REIT developer, said, Lynn Martin, COO of FTE
Networks. To meet demands of the innovative, state-of-the-art
campus, an advanced network service platform is required that
enables new and future technologies, and provides unlimited service
creation opportunities and an annuity-based revenue model.
The new FTE integrated network and cloud platform meets the
buying requirements for REITs in terms of its cost, agility, and
network performance by embracing an open source operating model and
integrating network, compute and storage to the edge. With the FTE
Networks platform, REITs and developers are provided with a base
infrastructure for Smart Building conversion to automate building
management systems (e.g., HVAC, Utilities, etc.) and support the
new applications and IoT devices that require extremely low latency
and high network availability. Additionally, tenant value-add is
achieved with rapid new product and service creation that provide
opportunities for rent premiums and annuity revenues, along with
greater tenant satisfaction with wireless services due to enhanced
network performance.
The emerging market for edge computing is expected to expand
rapidly. Research firm Global Information Inc., recently noted that
the mobile edge computing market alone represents an over $80B
opportunity by 2021.
FTE Networks has a prototype now available with live lab and
commercial edge data center environments expected to begin in early
2017.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation
helping communications service providers, government and enterprise
customers evolve their networks to meet advancing technology
requirements via network infrastructure, and edge computing
solutions to quickly enhance service innovation and deliver new
revenue streams. With a focus on smart design, open architectures
and consistent standards, along with expertise in building,
operating, and maintaining networks, FTE solves complex network and
system challenges that reduce costs and deployment time to
accelerate delivery and optimize performance of network
infrastructure. Operating five (5) industry segments; Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, and Compute to the Edge, FTE Networks is headquartered
in Naples, Florida, with offices throughout the United States and
Europe. For more information, please visit: www.ftenet.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.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy, CCO & IR
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
ftnw@crescendo-ir.com