Spectrum Global Solutions (OTCQB: SGSI), a leading, single-source provider of next-generation communications network, technology, infrastructure and maintenance solutions, recently acquired global battery technology company WaveTech GmbH. An article discussing the company reads, “The acquisition has also opened the door to new markets for Spectrum’s core business, particularly in Europe, Asia and Africa, where the acquired entity maintains several key relationships. Spectrum expects to benefit from substantial economies of scale by capitalizing on the cross-selling opportunities now made possible. The company announced the acquisition and several other positive developments in its release of financial results for Q3 2019, including close to $7 million in new contracts and establishment of a Canadian subsidiary (http://nnw.fm/Ri5o1). . . . The WaveTech GmbH acquisition marks a new chapter in Spectrum’s remarkable success story (http://nnw.fm/tlW6P). Since starting operations over three decades ago, the company has successfully executed over 150,000 projects. Spectrum has delivered cost-effective, scalable, robust solutions for communication carriers, utilities, enterprise companies, OEMs and others. As 5G rollout accelerates, the company’s opportunity pipeline has swelled to around $137 million. The WaveTech GmbH add-on is expected to turn many of those opportunities into positive outcomes.”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions 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. 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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