SGSI news Spectrum Global Solutions Reports Over $750K in New Contract Awards and Approval for Use of Drone Technology. GlobeNewswire "Press Releases"
Longwood, FL. , May 31, 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 services and solutions to the service provider (carrier) and corporate enterprise markets, has received over $750K in new purchase orders and receives approval for use of new patented drone technology.
Roger Ponder , CEO stated: A Tier 1 wireless carrier has approved AW Solutions, industry disruptive, proprietary and patent pending, drone (UAV) structural mapping technology services in connection with its existing Master Services Agreement (MSA). The addition of this new service will allow AW Solutions to structurally map and inspect towers and other elevated structures for the carrier. This new technology is particularly attractive to wireless carriers and infrastructure owners as it provides enhanced safety and risk mitigation through removing the need to place climbing crews on towers to collect structural data. The drone mounted Optical Caliper System is able to determine structural member sizes to greater than 1/32 inch accuracy.
Roger Ponder, added, "We continue to see an increase in our revenue and back log as we enter into the second half of the 2018 calendar year. We are continuing to track at a $30 Million plus annual run rate. Hopefully this increase in revenue will lead to a change in market perceptions and increased investor confidence in our Company.
About Spectrum Global Solutions, Inc. :
Spectrum Global Solutions operates through its subsidiaries AW Solutions and ADEX Corp. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States , Canada , Puerto Rico , Guam and Caribbean. For more information about the Company and its technologies visit the Companys public filings at SEC.gov.
Forward-looking statements: The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission . Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: InvestorRelations Spectrum Global Solutions 561-672-7068
Source: Spectrum Global Solutions, Inc
Longwood, FL. , May 31, 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 services and solutions to the service provider (carrier) and corporate enterprise markets, has received over $750K in new purchase orders and receives approval for use of new patented drone technology.
Roger Ponder , CEO stated: A Tier 1 wireless carrier has approved AW Solutions, industry disruptive, proprietary and patent pending, drone (UAV) structural mapping technology services in connection with its existing Master Services Agreement (MSA). The addition of this new service will allow AW Solutions to structurally map and inspect towers and other elevated structures for the carrier. This new technology is particularly attractive to wireless carriers and infrastructure owners as it provides enhanced safety and risk mitigation through removing the need to place climbing crews on towers to collect structural data. The drone mounted Optical Caliper System is able to determine structural member sizes to greater than 1/32 inch accuracy.
Roger Ponder, added, "We continue to see an increase in our revenue and back log as we enter into the second half of the 2018 calendar year. We are continuing to track at a $30 Million plus annual run rate. Hopefully this increase in revenue will lead to a change in market perceptions and increased investor confidence in our Company.
About Spectrum Global Solutions, Inc. :
Spectrum Global Solutions operates through its subsidiaries AW Solutions and ADEX Corp. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States , Canada , Puerto Rico , Guam and Caribbean. For more information about the Company and its technologies visit the Companys public filings at SEC.gov.
Forward-looking statements: The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission . Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: InvestorRelations Spectrum Global Solutions 561-672-7068
Source: Spectrum Global Solutions, Inc
