$SGSI NEWS Receives $3.3 Million in New Contract A
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Posted On: 10/03/2019 9:28:41 AM
$SGSI NEWS Receives $3.3 Million in New Contract Awards
Press Release | 10/03/2019
LONGWOOD, Fla., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. (OTCQB: SGSI) (the “Company” or “Spectrum”), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced that it recently received $3.3 million in new contract awards across all operating subsidiaries.
The new contract awards are composed of work orders from both new and existing clients, who are building upon prior work orders awarded to Spectrum in the past. The work orders are predominantly for infrastructure projects as carriers upgrade their networks in advance of the rollout of 5G in the United States.
“We continue to see strong demand for our professional services, as more and more clients realize the need for additional professional and technical staff to support ongoing projects,” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “Our enterprise solutions vertical continues to win new projects in support of our client’s network expansions and modifications.
“Our recently signed contract with a tier 1 infrastructure aggregator has already begun to generate purchase orders for professional engineering and design services for a new 5G network in a major metropolitan area. In addition, we have received new purchase orders for DAS installations at a number of high profile indoor facilities as well as work orders for tower audits, investigations and improvements with a major utility for their multi-state communications network. As our sales pipeline continues to grow, month over month, we see tremendous upside as we move through the balance of 2019 and into 2020,” concluded Ponder.
About Spectrum Global Solutions
Press Release | 10/03/2019
LONGWOOD, Fla., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. (OTCQB: SGSI) (the “Company” or “Spectrum”), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced that it recently received $3.3 million in new contract awards across all operating subsidiaries.
The new contract awards are composed of work orders from both new and existing clients, who are building upon prior work orders awarded to Spectrum in the past. The work orders are predominantly for infrastructure projects as carriers upgrade their networks in advance of the rollout of 5G in the United States.
“We continue to see strong demand for our professional services, as more and more clients realize the need for additional professional and technical staff to support ongoing projects,” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “Our enterprise solutions vertical continues to win new projects in support of our client’s network expansions and modifications.
“Our recently signed contract with a tier 1 infrastructure aggregator has already begun to generate purchase orders for professional engineering and design services for a new 5G network in a major metropolitan area. In addition, we have received new purchase orders for DAS installations at a number of high profile indoor facilities as well as work orders for tower audits, investigations and improvements with a major utility for their multi-state communications network. As our sales pipeline continues to grow, month over month, we see tremendous upside as we move through the balance of 2019 and into 2020,” concluded Ponder.
About Spectrum Global Solutions
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