FTE Networks, Inc. (NYSE Amercian: FTNW) Breaking News - September 12, 2018

FTE NETWORK’S CROSSLAYERTM TO TRANSFORM FASHION DISTRICT PROPERTY INTO TECHNOLOGICALLY INNOVATIVE WORKSPACE WITH CROSSLAYER’S EDGE COMPUTE PLATFORM

- CrossLayerTM to install and manage an advanced in-building network
enabling smart building features in Manhattan’s West 30’s Pre-War Building
 

NAPLES, Fla., September 12, 2018 -- 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 subsidiary, CrossLayer, Inc., is mobilizing the transformation of one of Manhattan’s West 30’s properties by delivering its future-ready, data platform to position the building as one of the most technologically advanced in NY’s prestigious Fashion District, providing new digital technology services to tenants and generating an on-going revenue stream for building owners.

“I am excited to announce the expansion of FTE’s NY footprint with the addition of CrossLayer services to the NY network. CrossLayer is continuing its momentum in the New York market by working with developers to transform buildings into highly desirable workspaces built on one of the most technologically innovative data networks available today. As part of its larger strategy, FTE is preparing to expand into additional NFL cities. New York is the first market due to the strong foundation and presence FTE has already established through its infrastructure segment” said Mr. Michael Palleschi, President and CEO of FTE Networks. “While location and amenities have been primary factors in making office space decisions, now the role of advanced technology as part of a building’s infrastructure is attracting the marketplace to our ability to add revenue generating services.”

CrossLayer will install and operate a direct fiber-to-wireless platform throughout this West 30’s property and serve as a provider of data, internet, voice and advanced communications services. Additionally, CrossLayer’s Campus Connect feature will enable tenants to work anywhere securely within the building, without losing connectivity to their private wireless network.

“The expectation of tenants and guests for innovative technologies in today’s competitive work environment is rapidly changing, and CrossLayer provides a solution to meet the needs of both tenants and property owners,” said Lynn Martin, President of CrossLayer. “At the same time, the CrossLayer network provides opportunities for property owners to generate incremental revenue by offering a host of new services enabled by our platform.”

The CrossLayer solution, initially brought to the market in late 2017, is a disruptive game-changer in terms of how building owners monetize their communication infrastructure. From exciting developments such as the deployment in Industry City, to becoming a key technology service provider to one of the largest global commercial real estate firms in the world, CrossLayer continues to enjoy incremental market share gains in this large and growing market. The recent partnership with Buttcon to enter the Canadian market with a minimum of 11 buildings on net also underscores the fact that this is a global opportunity.


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.

Forward-Looking Statements
This release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “will,” “strategy,” “potentially,” “opportunity” and similar references to future periods. Examples of forward-looking statements in this release may include, without limitation, statements and forecasts regarding our ability to perform as anticipated, including the successful integration of our technology and services (both in this property and in other markets), the successful implementation of our strategy and our ability to realize the benefits of this strategy, and other matters that involve known or unknown performance or achievements to differ materially from results expressed or implied by this release. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and market trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risk and changes in circumstances that are difficult to predict and many of which are outside of our control. These risk factors and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, our Form 10-K’s, Form 10-Q’s and Form 8-K’s. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, where as a result of new information, future developments or otherwise.

For more information, please contact:
For more information, please contact:
Corporate Contact:
Kirstin Gooldy
FTE Networks, Inc.
Phone: (877) 850-4308
Email: ir@ftenet.com
Investor Contact:
Ted Haberfield
MZ Group
Phone: (760) 755-2716
Email: thaberfield@mzgroup.us
Source: FTE Networks, Inc.

FTE’S CROSSLAYERTM TO ENTER CANADIAN MARKET THROUGH ONTARIO-BASED BUTTCON HOLDINGS LIMITED

- Buttcon expected to install CrossLayerTM edge compute network in more than 10 buildings during first six months of strategic partnership
 

NAPLES, Fla., Aug. 28, 2018 -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced its subsidiary, CrossLayer, Inc., will be working with Buttcon Holdings Limited, an Ontario, Canada-based construction company, to present CrossLayer as the preferred technology partner for Buttcon’s family of businesses, marking CrossLayer’s entry into the Canadian market. Buttcon is one of the 25 largest contractors in Canada, according to On-Site magazine, Canada’s leading publication serving the commercial construction industry.

Buttcon will present CrossLayer as the preferred technology partner for Buttcon’s family of businesses, marking CrossLayer’s entry into the Canadian market. The proposal calls for CrossLayer to utilize Buttcon’s construction services for installation and deployment of fiber, conduit and equipment required to deliver on CrossLayer services in Buttcon sourced buildings in the Province of Ontario, the most populous province in the country. Buttcon will also be designated as the exclusive provider of remote/on-site service support for all commercial, institutional, industrial, and residential properties utilizing CrossLayer services in Ontario.

“I am extremely excited about partnering with Buttcon. This represents a great strategic relationship with a high-quality, customer-focused company, and our first international expansion of the CrossLayer platform,” said Michael Palleschi, President and CEO of FTE Networks. “CrossLayer’s compute-to-the-edge technology solution is rapidly gaining traction in the U.S., and we’re looking forward to expanding our footprint in the growing Ontario region.

This alliance and the numerous opportunities it brings to CrossLayer will add additional buildings to the portfolio of buildings that utilize our compute to the edge technology and further strengthen our stated objectives of having at least 30 buildings on-net by year end 2018.”
“This new business relationship is not just a win-win for Buttcon and CrossLayer, but also a win-win for property owners and their tenants,” said Michael A. Butt, P.Eng., Chairman, CEO and Director of Buttcon. “The CrossLayer advanced data network is a significant differentiator for commercial property owners and developers looking to attract a dynamic workforce that requires always-on connectivity wherever they work across a campus.”

About Buttcon Limited
Buttcon Limited is a 100% employee-owned Canadian company founded in 1979. Buttcon specializes in three services: pre-construction; construction, including design build, construction management and general contracting; and facilities management.

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.

Forward-Looking Statements
This release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “expected,” “will,” “looking forward,” and similar references to future periods. Examples of forward-looking statements in this release may include, without limitation, statements and forecasts regarding our ability to perform as anticipated in Canada, including the successful integration of our technology and services with those of Buttcon’s, the successful implementation of our strategy and our ability to realize the benefits of this strategy, including our ability to meet our previously stated guidance, and other matters that involve known or unknown performance or achievements to differ materially from results expressed or implied by this release. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and market trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risk and changes in circumstances that are difficult to predict and many of which are outside of our control. These risk factors and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, our Form 10-K’s, Form 10-Q’s and Form 8-K’s. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this update is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, where as a result of new information, future developments or otherwise.

For more information, please contact:
Investor Contact:
Ted Haberfield
MZ Group
Phone: (760) 755-2716
Email: thaberfield@mzgroup.us

Corporate Contact:
FTE Networks, Inc.
Kirstin Gooldy
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
Source: FTE Networks, Inc.

FTE Networks Reports Second Quarter 2018 Results

- Revenue Increases 63.4% to $86.4 Million (Y-O-Y pro forma), Adjusted EBITDA of $7.6 Million
- Company Reiterates 2018 Guidance
 

NAPLES, Fla., Aug. 15, 2018 -- FTE Networks, Inc. (NYSE:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, announced today its financial results for the three-month period ended June 30, 2018.

Quarterly and year to date operational and financial highlights provide confidence that the backlog and visibility into a growing pipeline of opportunities are continuing to support the Company's full year guidance. The company's cash flow from operations continues to strengthen, enabling it to continue to invest in its technology segment.

Operational Highlights

Announced new infrastructure and technology expansion projects valued at approximately $240.5 million year-to-date, as of June 30, 2018, in the month of July the Company added $61.4 million.
Achieved a combined backlog of approximately $322 million as of June 30, 2018.
Backlog as of July 31, 2018 is $396 million. The Company continues to add new contracts awards to the backlog month over month.
Achieved positive cash flow from operations (CFO) during the second quarter of $2.7 million due to better management of working capital.
Announced that one of the largest global commercial real estate firms has named CrossLayer as a key technology service provider to bring advanced network solutions to hundreds of commercial buildings across the United States.
As a result of the above strategic partnership, as well as others, the Company’s technology segment continues to experience a large and growing pipeline.
The Company’s infrastructure segment was awarded a contract expanding its Inside Plant (ISP) line of business footprint in five markets. FTE was awarded the contract by a Fortune 100 global telecommunications company due to FTE's consistent high-quality work performance.
Financial Highlights for the Second Quarter of 2018

Total revenue of $86.4 million, up 63.4%, compared to pro forma total revenue of $52.9 million for the quarter ended June 30, 2017, as the Benchmark acquisition was not finalized until April 21, 2017.
Gross margin was 16.2%, compared to 16.3% on a pro forma basis in the second quarter of 2017.
Cash Flow from Operations (CFO) was a positive $2.7 million during the quarter, improving from a negative $1.3 million in the first quarter of this year
Adjusted EBITDA of $7.6 million, representing an Adjusted EBITDA margin of 8.8%, compared to pro forma Adjusted EBITDA of $2.3 million in the second quarter of 2017.
Adjusted EPS of ($0.22) per share. This compares to a pro forma adjusted EPS of ($0.04) per share in the second quarter of 2017.
Reiterating Financial Guidance for 2018

Based on results year to date, the Company is reiterating its previously issued financial guidance for 2018. Expectations remain as follows:

Net revenue of $350 million
Adjusted EBITDA of $30 million
Buildings on-net, 30
Management Commentary

“Our second quarter was highlighted by excellent execution overall, as we again experienced strong year-over-year revenue growth on a pro forma basis and posted positive cash flow from operations,” noted Michael Palleschi, President and Chief Executive Officer of FTE. “Due to the strength of our infrastructure segment, led by Benchmark, we were able to simultaneously invest in the technology segment and comfortably service our debt. The infrastructure segment also plays an important role as it enables us to market the CrossLayer solution to a large and established client base.”

Palleschi also stated, “The technology segment, led by our CrossLayer solution, continued to gain momentum as the market realizes that this technology enables clients to share in the success of an owned or managed commercial building. It helps create additional revenue opportunities that were previously lost via a carrier-grade in-building technology solution. Although the actual revenue impact in the 2nd quarter may have been inconsequential in relation to the contribution made by the infrastructure segment, business is progressing well, and we should begin to experience accelerating growth throughout the 2nd half of the year. We believe the Company will enjoy increasing operating margins as revenue ramps up in the technology segment.”

“We are reiterating our revenue, adjusted EBITDA and buildings on net goals for 2018 and remain confident that our backlog and visibility into a growing pipeline of opportunities will facilitate the above results. The entire team is excited about the long-term opportunity and focused on creating shareholder value.”

Second Quarter 2018 Financial Results

Total revenue for the second quarter of 2018 was $86.4 million. For the six months ending June 30th, 2018, total revenue was $171.5 million.

Consolidated gross margin was 16.2%, compared to pro forma gross margin of 16.3% for the second quarter 2017.

Operating expenses for the second quarter 2018 were $13.6 million, compared to pro forma operating expenses of $10.6 million in the second quarter of 2017. The increase in operating expenses is primarily attributable to continued investment and growth in technology segment leading to higher compensation and S,G &A expenses.

Operating Income was approximately $0.3 million in second quarter of 2018, which included approximately $2.4 million in one-time expenses, compared to the prior-year quarter pro forma Operating Income of $1.3 million, which included approximately $1.8 million in one-time expenses.

Other expense for the second quarter of 2018 totaled $14.0 million, compared to $2.7 million on a pro forma basis in the second quarter of 2017. The increase is primarily attributable to one-time costs such as the amortization of deferred financing costs and debt discounts, as well as other financing costs.

On a GAAP-basis, net loss was approximately $13.5 million, or $2.25 per share, for the three-months ended June 30, 2018, compared to a loss of $5.1 million, or $0.98 per share, for the period ending June 30, 2017.

On a non-GAAP basis, net income was approximately $(1.6) million, or $0.22 per share, for the three-months ended June 30, 2018 (see reconciliation table below) compared to a gain of $0.1 million or $0.04 per share during the same period in 2017.

Adjusted EBITDA was $7.6 million for the three-months ended June 30, 2018.*

As of June 30, 2018, combined backlog totaled approximately $322.0 million.

As of June 30, 2018, FTE had $12.9 million in cash and working capital of negative $34.7 million.

Conference Call and Webcast Information
As previously announced, Michael Palleschi, Chief Executive Officer, and David Lethem, Chief Financial Officer, will host a conference call to review the Company’s second quarter 2018 results, followed by a brief question and answer period. Please submit questions prior to the call to Ted Haberfield by email at thaberfield@mzgroup.us before 1:30pm ET.

The dial-in information for the conference call is as follows:

Date: Tuesday, August 21, 2018
Time: 4:30 p.m. EDT
U.S. Toll-Free dial-in number: 1-877-407-9716
International dial-in number: 1-201-493-6779
The conference call will also be available via live audio webcast, which can be accessed through the events section of the Investor Relations section of the Company’s website at https://ir.ftenet.com/news-events or at http://public.viavid.com/index.php?id=130868. Please allow extra time prior to the call to Auvisit the site and download any necessary software to listen to the live broadcast.

Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast.

For interested individuals unable to join the conference call, a replay of the call will be available through September 5, 2018, at 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International). Participants must use the following code to access the replay of the call: 13682232.

About FTE Networks, Inc.
FTE Networks, Inc. ("FTNW"), 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.

(*) Use of Non-GAAP Financial Information
The Company's financial results and financial guidance are provided in accordance with accounting principles generally accepted in the United States of America (GAAP) and using certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company's core operating results and comparison of core operating results across reporting periods. Management also uses non-GAAP financial measures for financial and operational decision making, planning and forecasting purposes and to manage the Company's business. Management believes that these non-GAAP financial measures enable investors to evaluate our operating results and future prospects in the same manner as management. The non-GAAP financial measures do not replace the presentation of GAAP financial results and should only be used as a supplement to and not as a substitute for the Company's financial results presented in accordance with GAAP. There are limitations inherent in non-GAAP financial measures because they exclude charges and credits that are required to be included in a GAAP presentation, and do not therefore present the full measure of the Company's recorded costs against its net revenue. In addition, the Company's definition of the non-GAAP financial measures below may differ from non-GAAP measures used by other companies.

Definitions of Non-GAAP Measures:

Non-GAAP Adjusted EBITDA
"Adjusted EBITDA" is defined by FTE Networks as net income from continuing operations before: (i) interest expense, (ii) tax expense, (iii) depreciation and amortization expense, (iv) non-cash, stock-based compensation expense, and if applicable in a reporting period (v) acquisition related transaction expenses (vi) non-cash impairments of intangible assets (vii) debt financing costs (viii) and other significant non-recurring or non-operating (income) or expenses.

See the full release and financial charts at: https://finance.yahoo.com/news/fte-networks-reports-second-quarter-123000498.html

For more information, please contact:
Investor Contact:
Ted Haberfield
MZ Group North America
President
Phone: 760-755-2716
Email: thaberfield@mzgroup.us
Web: www.mzgroup.us

Source: FTE Networks, Inc.

FTE Networks Reports Preliminary Second Quarter 2018

- Revenues; Announces Second Quarter Financial Results Call
Second Quarter 2018 Revenues Expected to Increase by approximately 75% to $87 Million; Company Expects to Meet 2018 Revenue and Adjusted EBITDA Guidance
 

NAPLES, Fla., Aug. 06, 2018 -- FTE Networks, Inc. (NYSE:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today reported preliminary financial results for the second quarter ending June 30, 2018. Revenue is expected to increase to approximately $87 million, representing a nearly 75% increase from the $50.7 million posted in Q2 of 2017. The Company expects to meet its annual guidance for 2018 in terms of revenue, adjusted EBITDA and buildings on net and continues to improve on its balance sheet by reducing its debt outstanding while increasing its cash on hand.

Management Commentary

“We are pleased with our execution on several fronts during the second quarter,” said Michael Palleschi, Chief Executive Officer of FTE. “In fact, excluding one-time costs and other non-cash expenses, the Company would be profitable on a GAAP-basis. Both our infrastructure and technology segments continue to contribute to our success in a variety of ways. The infrastructure segment provides us with a solid backlog and steady cash flow, enabling us to improve our debt structure and giving us greater operational flexibility. The technology segment, led by our CrossLayer solution, continues to nurture and expand its pipeline which gives us confidence in our building on net goals for the current year. Overall, new business wins remain strong as we build on our excellent reputation and continue to execute for our clients. We look forward to sharing more details on our second quarter earnings call.”

Conference Call Information

The Company will be hosting a conference call with the investment community featuring remarks by Michael Palleschi, Chief Executive Officer, and David Lethem, Chief Financial Officer. The dial-in information for the conference call is as follows:

Date: Tuesday, August 21, 2018
Time: 4:30 p.m. EDT
U.S. Toll-Free dial-in number: 1-877-407-9716
International dial-in number: 1-201-493-6779
The conference call will also be available via live audio webcast, which can be accessed through the events section of the Investor Relations section of the Company’s website at https://ir.ftenet.com/news-events or at http://public.viavid.com/index.php?id=130868. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast.

For interested individuals unable to join the conference call, a replay of the call will be available through June 4, 2018, at 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International). Participants must use the following code to access the replay of the call: 13682232.

These are preliminary unaudited financial results and remain subject to the completion of the Company's customary quarterly close and review procedures. Material adjustments may arise between the date of this release and the date on which the Company announces its second quarter 2018 results and files its quarterly report on Form 10-Q with the SEC.

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.

Forward-Looking Statements

This release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “expected,” “confidence,” “goals,” “continue,” and similar references to future periods. Examples of forward-looking statements in this release may include, without limitation, statements and forecasts we make regarding our financial performance and anticipated operating results; our strategies for continued growth and market expansion, including our anticipated results as a result of leveraging our combined business offerings, and other matters that involve known or unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to differ materially from results expressed or implied by this release. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and market trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These risk factors and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, our Form 10-Ks, Form 10-Qs and Form 8-Ks. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

For more information, please contact:
Corporate Contact:
Kirstin Gooldy
FTE Networks, Inc.
Phone: (877) 850-4308
Email: ir@ftenet.com

Investor Contact:
Ted Haberfield
MZ Group
Phone: (760) 755-2716
Email: thaberfield@mzgroup.us

Source: FTE Networks, Inc.

FTE Networks Awarded New Contracts Totaling Approximately $61.4 Million

NAPLES, Fla., Aug. 01, 2018 -- FTE Networks, Inc. (NYSE:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that its infrastructure segment has been awarded approximately $61.4 million in new projects in July of 2018, bringing the Company’s year-to-date total to approximately $301.9 million. The new contract awards cover a variety of projects, including several projects for a company that provides and manages over 10 million square feet of office space for enterprises in over 90 cities worldwide.

Michael Palleschi, President and CEO of FTE Networks, stated, “This has been a significant month for us. The award contracts include a large project with a global workspace provider that services prominent companies with advanced needs such as Spotify, Microsoft, and Dell. These awards highlight our business momentum and underscore the continued demand for our infrastructure and technology segments, which, in turn, supports our 2018 revenue and profit optimization objectives.”

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.

Forward-Looking Statements
This release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “underscore,” “momentum,” “objectives” and similar references to future periods. Examples of forward-looking statements in this release may include, without limitation, statements and forecasts regarding how these new contract awards signal greater and continued market acceptance of our products and service offerings; our ability to successfully leverage these newly awarded contracts to increase our market share; and other matters that involve known or unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to differ materially from results expressed or implied by this release. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and market trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These risk factors and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, our Form 10-K’s, Form 10-Q’s and Form 8-K’s. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

For more information, please contact:
Investor Contact:
Ted Haberfield
MZ Group
Phone: (760) 755-2716
Email: thaberfield@mzgroup.us

Corporate Contact: FTE Networks, Inc. Kirstin Gooldy 999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com

Source: FTE Networks, Inc.

FTE Networks Awarded New Contracts Totaling Approximately $42.7 Million

- Infrastructure Segment Contract Awards to Date Total Approximately $240.5 Million

NAPLES, Fla., July 10, 2018 -- FTE Networks, Inc. (NYSE:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that its infrastructure segment has been awarded approximately $42.7 million in new projects in June of 2018, bringing the Company’s year-to-date total to approximately $240.5 million. The new contract awards cover a variety of infrastructure projects, including two premier international law firms, a New York City government agency, and leading cable and telecommunications carriers.

“June was an excellent month in terms of new contract wins, bringing our second quarter to a successful close. We have increased confidence in our goals and are on target for meeting our 2018 stated objectives. We continue to enjoy a healthy backlog and believe that these new awards highlight the strength in our brand,” said Michael Palleschi, President and CEO of FTE Network.

Mr. Palleschi further added, “Market strength within our infrastructure segment continues to support our technology segment. FTE’s innovative CrossLayer technology provides carrier-grade in-building wireless connectivity services that enable intelligent buildings. We offer property owners a new approach, combining technology and infrastructure services, thereby positioning us to rapidly expand our market share in both business segments.”

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.

Forward-Looking Statements

This release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “believe,” “confidence,” “goals,” “target,” and similar references to future periods. Examples of forward-looking statements in this release may include, without limitation, statements and forecasts regarding our ability to successfully leverage these newly awarded contracts to increase our market share and meet our previously stated objectives; and our belief that new contract awards in one segment will lead to new contract awards in another segment, and other matters that involve known or unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to differ materially from results expressed or implied by this release. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and market trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These risk factors and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, our Form 10-Ks, Form 10-Qs and Form 8-Ks. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

For more information, please contact:
Corporate Contact:
Kirstin Gooldy
FTE Networks, Inc.
Phone: (877) 850-4308
Email: ir@ftenet.com

Investor Contact:
Ted Haberfield
MZ Group
Phone: (760) 755-2716
Email: thaberfield@mzgroup.us

Source: FTE Networks, Inc.

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About FTE Networks, Inc.:

WHO WE ARE
A Global Network Infrastructure Solutions Provider
At FTE Networks, Inc., we design, build and support networking infrastructures for the technology and telecommunications industries. We enable our customers to connect to theirs by providing a strong foundation that ensures fast, reliable and secure voice, data and digital content delivery.

With our design to implementation approach, wealth of industry experience and strong relationships, we help companies around the world enter new markets, defend existing ones, improve performance, control costs and profitably invest in resources.

Founded in 2007, FTE Networks, Inc. is headquartered in Naples, Florida, with offices throughout the United States and Europe.

OUR SERVICES
Our Approach: Design. Build. Manage. Maintain.
We focus on simplifying the challenges associated with the design and delivery of wireline, wireless and data center solutions. Our unique offering allows predictable, consistent standards, implementation and compliance on a global scale, reducing design and deployment time to accelerate delivery of network solutions. Our management team is responsible for managing upwards of 1,800 individual contributors at any given time. Our approach allows us to reduce the amount of fixed cost we add to the business while being very agile and adaptable to changes in technology.

DATA CENTER INFRASTRUCTURE

> INFRASTRUCTURE DESIGN
> DEPLOYMENT
> TESTING AND COMMISSIONING
> RACK, STACK, POWER
> COLD AISLE CONTAINMENT AND EFFICIENCY PROGRAMS
> MAINTENANCE
> INTEGRATION
> MDU DESIGN & DEPLOY

FIBER OPTICS

> ROW AND NETWORK ENGINEERING
> LARGE SCALE DEPLOYMENT
> PMO
> FTTX SOLUTIONS
> UNDERGROUND/AERIAL
> DEPLOYMENT
> SPLICING AND TESTING
> FIBER CHARACTERIZATION
> EMERGENCY RESTORATION

WIRELESS INTEGRATION

> ENGINEERING
> DEPLOYMENT
> MAINTENANCE
> DAS INSTALLATIONS
> RF INSTALLATIONS
> SITE SURVEYS, ACQUISITION & ZONING
> AUDITS
> FIBER BACKHAUL SOLUTIONS
> FULL SUITE OF TESTING
> SOLUTIONS

SURVEILLANCE & SECURITY

> INFRASTRUCTURE DESIGN
> DEPLOYMENT
> MAINTENANCE
> VIDEO SURVEILLANCE DESIGN AND INSTALLATION
> WI-FI INSTALLATION
> STORAGE BACK-UP SOLUTIONS

OUR TEAM
Backed by Unparalleled Experience and Strong Relationships
Our team brings forth the definition and direction of project requirements and workflow processes on national endeavors. We have a proven success track record in high-profile project development, operations, budget management, process improvement and staff development in high-growth organizations. We have extensive expertise in strategic business planning, leadership of project development teams, with bottom line responsibility.

Our solid background in managing engineering and deployment teams, from contract negotiations to final product, enables direct and precise coordination of a cross-functional team member.

We serve Fortune 500 Companies, municipalities, and state and local governments. We service more than a dozen different industries across the country and globally including, but not limited to:

> Traditional Carriers
> Internet Service Providers
> Cable (MSO) Companies
> Traditional Wireless Carriers
> Professional Services Firms
> Equipment Manufactures with PS
> Social Networking Companies
> Content Delivery Companies
> Data Center Companies
> General Contractors as Prime
> Government & Municipalities

SOURCE: https://www.ftenet.com/

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