OCTOBER 31, 2017
TECHNOLOGY DESIGNED TO REDUCE NETWORK LATENCY, IMPROVE BANDWIDTH CAPACITY AND PROVIDE ENHANCED SECURITY
NAPLES, FL — (Marketwired) — 10/31/17 — FTE Networks, Inc. (OTCQX: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings, today announced that it has filed a provisional patent application with the United States Patent and Trademark Office (USPTO) for CrossLayer™ technology covering the decentralized provision of internet and cloud services.
Networks are composed of OEM devices that bundle hardware and software together at centralized sites. Networks generally then use extensions to provide services to end users. CrossLayer™ technology enables software and hardware ecosystems to be deployed on-site at the building, which can deliver converged carrier-grade network and cloud services to building tenants. CrossLayer™ capability regarding edge deployment and convergence of cloud and network access is designed to reduce network latency, increase bandwidth to content and cloud services, and provide levels of security that customers cannot obtain with other network architectures. Its unique architecture enables CrossLayer™ to deliver managed high-speed networks to individual buildings and large-scale commercial projects.
“We are pleased to announce the filing of this provisional patent application as it further supports our company’s growth strategy,” said Mr. Michael Palleschi, President and CEO of FTE Networks.
About FTE Networks, Inc.
FTE Networks, Inc. (“FTNW”), is a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings. FTE’s three complementary businesses are FTE Network Services, CrossLayer, Inc. and Benchmark Builders, Inc. Together they provide 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. FTE’s businesses are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of innovative projects and services. The company works with Fortune 100/500 companies, including some of the world’s leading communications services providers. FTE Networks and its subsidiaries support multiple services, including Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, Internet Service Provider, General Contracting Management and General Contracting. For more information, please visit www.ftenet.com.
About CrossLayer, Inc.
CrossLayer, a managed network services company with a new business model for connecting large-scale, state-of-the-art campuses and multi-use developments, delivers technology solutions via an advanced network and cloud platform, providing owners and developers with the control that comes with an owned-and-operated system. CrossLayer’s purpose-built platform enables customers to introduce and deliver innovative services quickly that increase user satisfaction while creating monetization opportunities previously afforded only to network operators. Providing reduced capital and operating costs for customers, CrossLayer’s managed network service solutions deliver the agility and flexibility to meet evolving technology advancements. A wholly owned subsidiary of FTE Networks, Inc., CrossLayer is headquartered in Naples, Florida. For more information, please visit www.CrossLayer.com.