SGSI news 5.7 Mil in new orders
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Posted On: 10/25/2018 10:18:24 AM
SGSI news from Red chip stocks PR
Spectrum Global Solutions Receives Over $5.7 Million in New Contract Awards in the Third Quarter 2018
LONGWOOD, Florida, Oct. 25, 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, announced that it has received over $5.7 million in new contract awards during the third quarter 2018. These new customer orders are to provide professional services, project management, engineering design, network auditing, construction, installation and network upgrade services for new state of the art, next generation communications systems. The work commenced in the third quarter and the revenue will be realized in 2018 and into 2019.
Roger Ponder, CEO said; "We continue to see an increase in client orders, both here and in the Caribbean, for the pre-construction and construction services necessary to support future small cell densification, distributed antennas systems (DAS), fiber network expansions and 5G wireless technology projects. We also expect to see increased demand for our services because of recovery efforts from recent storms. With our new bank financing at our disposal we can more aggressively pursue this contract work being made available to us. With these latest contract awards, we are now tracking well over $35 million in annual revenue and moving closer to profitability.”
Spectrum Global Solutions Receives Over $5.7 Million in New Contract Awards in the Third Quarter 2018
LONGWOOD, Florida, Oct. 25, 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, announced that it has received over $5.7 million in new contract awards during the third quarter 2018. These new customer orders are to provide professional services, project management, engineering design, network auditing, construction, installation and network upgrade services for new state of the art, next generation communications systems. The work commenced in the third quarter and the revenue will be realized in 2018 and into 2019.
Roger Ponder, CEO said; "We continue to see an increase in client orders, both here and in the Caribbean, for the pre-construction and construction services necessary to support future small cell densification, distributed antennas systems (DAS), fiber network expansions and 5G wireless technology projects. We also expect to see increased demand for our services because of recovery efforts from recent storms. With our new bank financing at our disposal we can more aggressively pursue this contract work being made available to us. With these latest contract awards, we are now tracking well over $35 million in annual revenue and moving closer to profitability.”
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