Over $1.2 Million in New Contract Awards LONGWOO
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Posted On: 06/25/2018 8:43:54 PM
Over $1.2 Million in New Contract Awards
LONGWOOD, Fla., June 13, 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 staffing solutions to the service provider (carrier) and corporate enterprise markets, has received over $1.2 Million in new contract awards. The customer orders include network audit and deployment services to support next generation wireless and wireline services across the nation. This work has commenced through our AW Solutions and ADEX subsidiaries, and the revenue will be realized through Q2 and Q4 of 2018.
Roger Ponder, CEO said, "We continue to build up our backlog with significant new business orders from tier 1 wireless and wireline carriers. Our pipeline of new opportunities also continues to grow as well and is now over $135 Million. This is attributable to the increasing deployments of new carrier services and technologies.
Mr. Ponder added: “Spectrum’s full suite of services is allowing us to capitalize on this increased capital spending by carriers and enterprise clients. We continue to track at a $30 Million plus annual revenue run rate. We would expect this increase in revenue and earnings to translate into value for our shareholders near and long term.
LONGWOOD, Fla., June 13, 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 staffing solutions to the service provider (carrier) and corporate enterprise markets, has received over $1.2 Million in new contract awards. The customer orders include network audit and deployment services to support next generation wireless and wireline services across the nation. This work has commenced through our AW Solutions and ADEX subsidiaries, and the revenue will be realized through Q2 and Q4 of 2018.
Roger Ponder, CEO said, "We continue to build up our backlog with significant new business orders from tier 1 wireless and wireline carriers. Our pipeline of new opportunities also continues to grow as well and is now over $135 Million. This is attributable to the increasing deployments of new carrier services and technologies.
Mr. Ponder added: “Spectrum’s full suite of services is allowing us to capitalize on this increased capital spending by carriers and enterprise clients. We continue to track at a $30 Million plus annual revenue run rate. We would expect this increase in revenue and earnings to translate into value for our shareholders near and long term.
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