Now that the 10-K is filled and 10-Q, and revenue is confirmed, this needs to be looked at again!! There was no proof the revenue was real till now!!!
Mantra Venture Group Receives over $4M of New Contracts and Provides Outlook for Balance of 2017
BY GlobeNewswire
— 8:30 AM ET 07/06/2017
LONGWOOD, Fla., July 06, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, Ltd. CEO Roger Ponder provides outlook for balance of 2017.
Roger Ponder, CEO, stated: "As we have reported, in the last 60 days we have generated nearly $4 Million in new contracts and purchase orders from new and existing customers. As we announced yesterday, we just recently secured new a contract for approximately $1.7 Million to provide a full fiber network and small cell design for a tier 1 customer.
"Our AW subsidiary is continuing take advantage of changes in the telecommunication industry with the roll out of enhanced mobile broadband, small cell architecture and launch of 5G technology and the needs to modernize networks to accommodate mobile connectivity and the billions of Internet of Things (IoT) connected devices.
5G along with the continued investment of supporting infrastructure, and specifically the deployment of fiber optic infrastructure which a Deloitte Consulting LLP analysis estimates the United States requires $130-$150 billion over the next 5-7 years to adequately support broadband and wireless densification, will be a critical part of staying ahead of consumer demand for connectivity.
While there are many elements to this new technology, it is exciting to see what 5G means to supporting the massive data consumption of reality/virtual reality, video delivery, mobile advertising, self-driving cars, healthcare, and more. The bottom line is more people, more devices, more data enriched applications that will drive the incredible growth of mobile traffic over the next 5+ years.
"There is a tremendous backlog of work that our company and the industry is experiencing now and expecting to continue through 2017, into 2018 and beyond. Our AW Solutions subsidiary is expecting a very strong finish to 2017 with momentum building well into to 2018 as we strive to meet the increasing demands of the enterprise and service provider markets."
Mantra Venture Group Receives over $4M of New Contracts and Provides Outlook for Balance of 2017
BY GlobeNewswire
— 8:30 AM ET 07/06/2017
LONGWOOD, Fla., July 06, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, Ltd. CEO Roger Ponder provides outlook for balance of 2017.
Roger Ponder, CEO, stated: "As we have reported, in the last 60 days we have generated nearly $4 Million in new contracts and purchase orders from new and existing customers. As we announced yesterday, we just recently secured new a contract for approximately $1.7 Million to provide a full fiber network and small cell design for a tier 1 customer.
"Our AW subsidiary is continuing take advantage of changes in the telecommunication industry with the roll out of enhanced mobile broadband, small cell architecture and launch of 5G technology and the needs to modernize networks to accommodate mobile connectivity and the billions of Internet of Things (IoT) connected devices.
5G along with the continued investment of supporting infrastructure, and specifically the deployment of fiber optic infrastructure which a Deloitte Consulting LLP analysis estimates the United States requires $130-$150 billion over the next 5-7 years to adequately support broadband and wireless densification, will be a critical part of staying ahead of consumer demand for connectivity.
While there are many elements to this new technology, it is exciting to see what 5G means to supporting the massive data consumption of reality/virtual reality, video delivery, mobile advertising, self-driving cars, healthcare, and more. The bottom line is more people, more devices, more data enriched applications that will drive the incredible growth of mobile traffic over the next 5+ years.
"There is a tremendous backlog of work that our company and the industry is experiencing now and expecting to continue through 2017, into 2018 and beyond. Our AW Solutions subsidiary is expecting a very strong finish to 2017 with momentum building well into to 2018 as we strive to meet the increasing demands of the enterprise and service provider markets."
