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A service for energy industry professionals · Wednesday, December 19, 2018 · 471,562,663 Articles · 3+ Million Readers

Spectrum Global Solutions Awarded Over $1Million in New Purchase Orders for Carrier Services

/EIN News/ -- LONGWOOD, Fla., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, has recently received over $1 Million in new purchase orders from a Tier 1 Carrier.  This new business is the result of an industry-wide increase in demand for services and solutions associated with network upgrades. This work has commenced and the revenue will be realized in Q4 2018 and Q1 2019.   

Roger Ponder, CEO said, “These new purchase orders are from an existing contract with a tier one national carrier. As carriers begin to rollout 5G technology we can expect a consistent need for our services and solutions associated with these network upgrades well into 2019 and 2020.  Spectrum has the ability to execute and deploy services necessary to enhance and expand the fiber networks utilizing this new technology. 

About Spectrum Global Solutions, Inc.:

Spectrum Global Solutions operates through its subsidiaries ADEX and AW Solutions. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

CONTACT:
Investor Relations
Spectrum Global Solutions
561-672-7068

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