Spectrum Global Solutions Inc. (SGSI) Evolving with Acquisition of German Energy Infrastructure Tech Company

July 23, 2019 11:02:53
  • Spectrum Global Solutions, a U.S.-based end-to-end telecom network tech provider, is preparing to grow into international markets with its acquisition of German energy infrastructure technology company WaveTech GmbH
  • WaveTech GmbH developed a patented technology that protects and enhances the effectiveness of energy infrastructure by stimulating the growth of desirable crystals and preventing unwanted crystals
  • SGSI has positioned itself to serve clients, including recognized names such as Ericsson, Nokia, Sprint, AT&T and Verizon, as they prepare to adopt next-generation, higher-speed 5G network technology
  • SGSI’s first quarter 2019 report indicated that the company achieved positive income from operations for the first time, transforming a loss of $743,491 into a gain of $14,699
  • Spectrum Global expects its combination with WaveTech GmbH to produce a company valued at approximately $120 million

End-to-end U.S. network service provider Spectrum Global Solutions Inc. (OTCQB: SGSI) is preparing to evolve into a high-growth company with an international presence following the announcement of its acquisition of German energy infrastructure technology company WaveTech GmbH. The July 16 announcement states that the combined company will grant Spectrum Global Solutions access to WaveTech GmbH’s array of patents and products and will provide tangible value to the company’s shareholders (http://nnw.fm/kqM1B).

WaveTech GmbH is a company funded by private equity that has developed patented technology using electrodynamic fields to stimulate the growth of desired crystals or to prevent unwanted crystals, known as…

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