SEPTEMBER 20, 2018
CROSSLAYER TO INSTALL AND MANAGE EDGE COMPUTE, IN-BUILDING NETWORK ENABLING SMART BUILDING FEATURES IN SKYSCRAPER LOCATED IN CITY’S CENTRAL BUSINESS DISTRICT
NAPLES, Fla., Sept. 20, 2018 (GLOBE NEWSWIRE) — FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced its technology segment subsidiary, CrossLayer, Inc., has signed an agreement to install its advanced in-building data network and provide a full suite of communications services to a 31-story office tower in Chicago’s central business district.
“We are very pleased to announce yet another CrossLayer contract win that establishes our strategic foothold in the Chicago market. This award highlights our continued expansion and progress toward our goal of bringing 30 buildings on-net by the end of the year,” said Mr. Michael Palleschi, President and CEO of FTE Networks. “The adoption of CrossLayer is accelerating in major U.S. markets as more property owners learn that a new option exists for a better data network that supports more services while also offering incremental revenue opportunities. We are excited to enter the Chicago market, and support our nationwide expansion into major metropolitan cities.”
Under the terms of the agreement, FTE will install and operate a direct fiber-to-wireless platform throughout the 31-story office tower, and will serve as a provider of data, internet, and voice services. Additionally, the CrossLayer Campus Connect feature will enable tenants to work anywhere securely within their facility wirelessly, without losing connectivity to their private network. FTE expects to begin work on the implementation in early Q4 2018.
CrossLayer a division of CBFA Corporation is a managed network services company with a new business model for connecting large-scale, state-of-the-art campuses and multi-use developments.
CrossLayer delivers technology solutions via a single, software-driven, edge compute platform enabling property owners and developers to directly deliver cutting-edge technology solutions to tenants and guests that differentiates their properties and provides cost savings. This converged network allows tenants, vendors, building management systems and smart technologies to run over one integrated onsite fiber backbone.
About FTE Networks, Inc.
FTE Networks, Inc. (“FTNW”) is a leading provider of innovation technology. We enable adaptive and efficient smart network connectivity platforms, infrastructure and buildings. FTE provides end-to-end design, build, and support solutions for state-of-the-art networks, data centers, residential and commercial properties. We create transformative smart platforms and buildings. FTE’s services are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of leading edge projects and services. The Company works with Fortune 100/500 companies, including some of the world’s leading Telecommunications and IT Services Providers as well as REITs and Media Providers.
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