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Posted On: 04/06/2018 2:01:29 PM
Spectrum Global Solutions Receives Over $860 Thousand in New Contract Awards
LONGWOOD, Fla., April 06, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network solutions to the service provider (carrier) and corporate enterprise markets, has received over $860,000 in new contract awards. The customer orders include the inspection and analysis of towers and subsequent repair of the structures to bring them into compliance and continued small cell and DAS deployment services. This work has commenced through our AW Solutions subsidiary, and the revenue will be realized in Q2 through Q3 of 2018.
Roger Ponder, CEO said, "We continue to see an increase in client orders for the pre-construction services necessary to support future small cell densification, distributed antenna systems (DAS) and 5G wireless technology projects and investigation and maintenance of existing telecommunication structures. Year over year, the Company is outpacing last year’s sales for the same period. We anticipate seeing continued growth during 2018 as carrier and enterprise demand increases to support new technology and prepare structures for those deployments."
About Spectrum Global Solutions, Inc.:
Spectrum Global Solutions operates through its subsidiaries AW Solutions, ADEX Corp and Mantra Energy Alternatives. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean.
The Company’s subsidiary Mantra Energy Alternatives develops electrochemical technologies designed to make profitable the reducing of greenhouse gas emissions. For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.
LONGWOOD, Fla., April 06, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network solutions to the service provider (carrier) and corporate enterprise markets, has received over $860,000 in new contract awards. The customer orders include the inspection and analysis of towers and subsequent repair of the structures to bring them into compliance and continued small cell and DAS deployment services. This work has commenced through our AW Solutions subsidiary, and the revenue will be realized in Q2 through Q3 of 2018.
Roger Ponder, CEO said, "We continue to see an increase in client orders for the pre-construction services necessary to support future small cell densification, distributed antenna systems (DAS) and 5G wireless technology projects and investigation and maintenance of existing telecommunication structures. Year over year, the Company is outpacing last year’s sales for the same period. We anticipate seeing continued growth during 2018 as carrier and enterprise demand increases to support new technology and prepare structures for those deployments."
About Spectrum Global Solutions, Inc.:
Spectrum Global Solutions operates through its subsidiaries AW Solutions, ADEX Corp and Mantra Energy Alternatives. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean.
The Company’s subsidiary Mantra Energy Alternatives develops electrochemical technologies designed to make profitable the reducing of greenhouse gas emissions. For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.
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