FTE Networks gets contracts valued at aggregate USD 85m

FTE Networks, Inc. (OTCQX: FTNW), a network infrastructure solutions provider in the technology and communications industries, has announced that Benchmark Builders, Inc. (Benchmark), a wholly owned subsidiary of FTE, has won five new infrastructure projects from three different customers that are valued at approximately USD 85 million in the aggregate, the company said.

The projects represent approximately 450,000 square feet of build outs combined, and all of the new projects are located in Manhattan and its surrounding boroughs.

The projects are expected to be completed throughout 2017.

FTE Networks´ three complementary businesses are: FTE Networks Services (network infrastructure solutions); CrossLayer, Inc. (managed network services with first-of-its-kind advanced network and cloud platform), and Benchmark Builders, Inc. (construction management), which provides end-to-end design, build and support solutions for state-of-the-art networks and commercial properties to create the most transformative smart platforms and buildings.