NOVEMBER 08, 2017
COMPLETES FIRST PATENT-PENDING COMPUTE-TO-THE-EDGE NETWORK INSTALLATION
NAPLES, FL — (Marketwired) — 11/08/17 — FTE Networks, Inc. (OTCQX: FTNW) and (OTCQX: FTNWD) (“FTE” or the “Company”), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings, today announced that CrossLayer™, a wholly owned subsidiary of FTE, completed its first installation of its patent-pending Compute-to-The-Edge Network technology in its Naples, Florida headquarters.
The Naples, Florida service center is installed with the capacity to serve the mixed-use retail and commercial facility. The installation will serve as a showcase for CrossLayer’s new technology as it is adopted in the market. The new integrated network and cloud platform uses a combination of patent pending technology and an open source operating model.
CrossLayer™ provides key benefits to commercial real estate developers and their respective tenants. The technology platform provides REITs and developers with infrastructure for Smart Building conversion that allows them to automate building management systems, like HVAC and utilities, and support Internet devices. Further, it provides for the ability to enable building owners to experience and provide telecom carrier-like functionality with ultra-fast, highly secure data network with unlimited connections that they can own. CrossLayer™ will manage the network from sign-up to service.
“We are excited to demonstrate the capacity of our patent-pending CrossLayer™ technology showcased in our corporate headquarters. Our team has designed a network that brings unprecedented speed and efficiency to wireless networks, while offering significant savings. Our team is currently in the process of installing a second CrossLayer™ network which we expect to unveil in the fourth quarter 2017,” said Michael Palleschi, President and CEO of FTE Networks.
Mr. Palleschi further states, “We believe that FTE Networks as a consolidated company has a distinct competitive advantage, as the Company operates three synergistic entities that have multiple lines of business that complement one another. These include the FTE Network Services which provides telecom and technology infrastructure services, CrossLayer, which provides managed network services and technology solutions, and Benchmark Builders, which offers general contracting services.”
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.
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.
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