Spectrum Global Solutions Inc. (SGSI) Receives More than $3.7 Million in New Contracts

May 7, 2019 12:10:28
  • Spectrum Global Solutions provides leading-edge fiber networks and infrastructure services to a diverse client base
  • The company is positioned to leverage the rollout of 5G infrastructure
  • Spectrum recently received contracts for carrier network upgrades

Via its subsidiaries, Spectrum Global Solutions Inc. (OTCQB: SGSI) is a foremost single-source provider of end-to-end, next-generation wireless and wireline network infrastructure and professional service solutions. The company owns and operates a number of subsidiaries that allow it to provide wide-ranging services encompassing all facets of fiber, wireline and wireless networks and associated critical infrastructure. With headquarters in Longwood, Florida, Spectrum has completed over 150,000 project activities on wireless, DAS, wireline and fiber networks across the United States using licensed professional engineers, project managers, technicians and general contractors (http://nnw.fm/g90gS).

Spectrum designs, upgrades, installs and maintains next-generation telecommunication networks. Its subsidiaries include ADEX Corporation, ADEX Puerto Rico LLC, AW Solutions Inc., AW Solutions Puerto Rico, TNS Inc. and Tropical Communications Inc. (http://nnw.fm/0Mapr). Through these subsidiaries, the company provides its services to carriers, aggregators, utilities, enterprises, project management organizations (PMO) and original equipment manufacturer (OEM) customers. Spectrum serves the carrier and corporate enterprise markets across the United States, Canada, Puerto Rico, Guam, Mexico and the Caribbean, as well as internationally.

Spectrum’s experience includes massive-scale programs worth more than $1.5 billion. The company is proactive regarding its acquisition strategy, targeting accretive and organic opportunities to increase its revenue. It has a replicable, scalable-services model that involves industry-leading strategic partnerships (http://nnw.fm/Hb3jx).

Spectrum is focusing on 5G upgrades to telecommunication carriers’ cellular networks. Digital Trendsnotes that 5G technology will shape every kind of technology it touches. The article (http://nnw.fm/7HoQ3) further observes that “5G will revolutionize the future, and companies have already spent billions to set up their networks and to fund new technologies that can use it.” Spectrum is positioning itself to provide more wide-ranging solutions and profit from the estimated $2.3 billion to be spent on 5G mobile infrastructure by 2021 (http://nnw.fm/6jNcH).

Over the past year, Spectrum has won contracts valued at $5.8 million. Recently, Spectrum announced that it received greater than $3.7 million in new contract awards (http://ibn.fm/V2KmV). These new contracts are to support carrier network upgrades. Spectrum has positioned itself to meet the increasing demand for deep fiber investments (http://nnw.fm/V18Xc).

In a news release, Roger Ponder, Spectrum Global Solutions’ chief executive officer, said, “These work orders from new and existing clients continue to show the accelerated growth predicted as a result of national 5G implementations and on-going network upgrades that has begun this year.”

Spectrum Global Solutions’ commitment is to cost-effective, scalable and strong solutions for U.S. and worldwide clients. With a subsidiary base diversified in numerous aspects of the industry, the company offers investors the potential for ROI with its local, regional, national and international products. Spectrum continues to advance its goals as the company innovates at the forefront of the high-growth telecom market segment.

For more information, visit the company’s website at www.SpectrumGlobalSolutions.com

NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://nnw.fm/SGSI

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