LONGWOOD, Fla., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. ( 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 over $2.5 million in new contract awards across all operating subsidiaries.
The new contract awards are from both new and existing clients. 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” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “With our recent establishment of ADEX Canada, we anticipate the strong demand we see in the US translating to Canada, with growing opportunities to add clients to fulfill their network service needs. We also look to leverage our professional engineering licenses to bring our 5G network design knowledge to the marketplace. The rollout of 5G networks is expected to create 3 million American jobs and add half a trillion dollars to U.S. GDP, according to global-management consultant Accenture”, concluded Mr. Ponder.
About Spectrum Global Solutions
Spectrum Global Solutions ( SGSI) is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. To learn more, visit the Company’s website at https://spectrumglobalsolutions.com/.
Forward-Looking Statements
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Investor Relations:
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America
Main: 949-259-4987
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