- SGSI
is a leading provider of telecommunications engineering and infrastructure
services and solutions
- The
company is ready to meet the growing demand for 5G infrastructure
- SGSI
recently announced multimillion-dollar revenue with positive income
Spectrum Global Solutions Inc. (OTCQB: SGSI) is a
foremost provider of comprehensive outsourced services and solutions for the
deployment and maintenance of next-generation and legacy wireless and wireline
telecommunication networks and infrastructure. The company has successfully
executed on projects across the United States and globally. Based in Longwood,
Florida, Spectrum is professionally registered in 49 states, three U.S.
territories (Puerto Rico, the Unites States Virgin Islands and Guam) and six
Canadian provinces in support of its clients (http://ibn.fm/UJWDC).
The company provides services directly to carriers,
aggregators, utilities, enterprise operations, project management organizations
(PMOs) and original equipment manufacturer (OEM) clientele via diverse
subsidiaries. These subsidiaries include AW Solutions Inc. and AW Solutions
Puerto Rico LLC; ADEX Corporation and ADEX Puerto Rico LLC; Tropical
Communications Inc.; and TNS Inc.
AW Solutions provides telecommunications and engineering
services, along with cost-effective, scalable and strong solutions for organizations’
technology deployments (http://ibn.fm/i6jt8).
ADEX Corporation provides turnkey services and project staffing solutions
solely to the telecommunications industry. ADEX provides infrastructure services
globally through domestic and international locations (http://ibn.fm/b7r9P).
Subsidiary Tropical Communications is a state-licensed
electrical and underground utility contractor headquartered in Miami, Florida.
It provides all kinds of communications and infrastructure facility structured
wiring services and solutions (http://ibn.fm/l6oQ4). The TNS Inc. subsidiary specializes
in the design, installation and maintenance of structured cabling systems using
Tier 1 products (Mohawk, Hubbell, Berk-Tek, Ortronics and more). TNS’s Tier 1
testing equipment (Fluke DSX 1800) is used to test and certify every one of its
installations (http://ibn.fm/jnx7T).
Spectrum Global Solutions’ services range in scope from a
single activity to multiyear, multi-region large-scale turnkey development
contracts. The company uses licensed professional engineers, project managers,
technicians and general contractors. Through these experts, Spectrum has
completed more than 150,000 project activities on wireless, DAS (Distributed
Antenna System), wireline and fiber networks throughout the United States.
Spectrum is one of the few engineering and installation
firms able to provide all services and bundle products for telcos. The company
is focusing on its 5G networks rollout this year and is well-positioned to meet
the increasing demand for 5G. The expectation is that the 5G rollout will create
three million U.S. jobs and drive more than $500 billion in U.S. GDP
growth (http://ibn.fm/0Q0Wx).
Spectrum Global Solutions is among the few elite full-service engineering,
construction, installation, maintenance and professional services organizations
for these next-generation telecommunications networks.
Recently, Spectrum announced that it received new contract
awards worth over $3.7 million to support carrier-network upgrades (http://ibn.fm/ZclhV). The
company also recently reported financial results for the fiscal period ended
March 31, 2019, with revenue of $11,335,732 for Q1 2019 versus $4,327,764 from
Q1 2018 (http://ibn.fm/hKLFn).
“Revenue was just over $11.3 million, which reflects
consistent growth in our AW Solutions, ADEX and TNS subsidiaries,” Spectrum CEO
and President Roger Ponder stated in a news release. “We also reported positive
income from operations for the period. This is Spectrum’s first quarter with
positive income from operations, which demonstrates continued improvements in
the business.”
Spectrum Global Solutions offers a compelling investment
opportunity with its ability to provide a full slate of telecommunications and
enterprise services. The company has embedded customer relationships that
foster repeat customers at minimal customer acquisition costs, and it continues
to be a proven operator in the high-growth telecom market.
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://ibn.fm/SGSI
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