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://ibn.fm/oQkVm). . . . The
WaveTech GmbH acquisition marks a new chapter in Spectrum’s remarkable success
story (http://ibn.fm/qm0aZ).
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.”
To view the full article, visit http://ibn.fm/vOJ3M
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://ibn.fm/SGSI
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