Spectrum Global Solutions Receives Over $1.2 Million in New Purchase Orders in Last Week - RedChip.com

Spectrum Global Solutions Receives Over $1.2 Million in New Purchase Orders in Last Week

Mar. 13, 2018 7:45 am


LONGWOOD, Fla., March 13, 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 solutions, to the service provider (carrier) and corporate enterprise markets, has received over $1.2 million in new purchase orders in the last week. The customer orders are for engineering and audit of fiber networks. This work has commenced though our AW Solutions subsidiary, and the revenue will be realized in Q1 and Q2 of 2018.

Roger Ponder, CEO said; "These new orders for services confirm our status as a premier “go to” service and solution provider for clients needing to audit their fiber assets to support future small cell densification, distributed antennas systems (DAS) and 5G wireless technology projects. We anticipate seeing more of this activity during 2018."  Mr. Ponder added: “This adds to our existing backlog of work and these new orders confirm our Company’s ability to meet the increasing demands of the enterprise and service provider markets."

About Spectrum Global Solutions, Inc:

Spectrum Global Solutions operates through its subsidiaries AW Solutions, ADEX Corp and Mantra Energy Alternatives. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean.

The Company’s subsidiary Mantra Energy Alternatives develops electrochemical technologies designed to make profitable the reducing of greenhouse gas emissions.  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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GlobeNewswire
March 13, 2018 - 7:45 AM EDT


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