Spectrum Global Solutions (OTCQB: SGSI), a leading single
source energy management technology and network services provider, today
announced its recent receipt of more than $4.8 million in new contract awards
across all operating subsidiaries. Per the update, the new contract awards are
from both new and existing clients with work orders predominantly for
infrastructure projects as carriers upgrade their networks for 5G wireless
services throughout the United States and its territories. “We continue to see
strong demand for our professional services as demonstrated by continued new
orders,” Spectrum Global Solutions CEO Roger Ponder said in the news release.
“In addition to our footprint in the U.S., Canada and the Caribbean, we are
beginning to establish a footprint in Europe, Africa and Asia as well. These
successful initiatives, when paired with the recent acquisition of WaveTech
GmbH, make this a particularly exciting time for Spectrum Global Solutions.”
To view the full press release, visit http://ibn.fm/ZiENw
About Spectrum Global Solutions
Spectrum Global is a leading single-source technology and
services provider, specializing in next-generation energy management,
professional engineering and communications network infrastructure solutions.
Spectrum’s highly scalable service platform model, proven out through
engagements with tier-1 network operators in the United States, Canada,
Caribbean, Europe, Africa and Asia uniquely allows for the bundling of
disparate services and technology products with a single provider, simplifying
network deployment and maintenance with a comprehensive, cost-competitive
one-stop-shop solution. Spectrum’s patented energy management solution, Crystal
Control Technology(R) (“CCT”), uniquely prevents lead sulphate crystal buildup,
a primary cause of lead-acid battery failure. Integrated in the form of a
microchip in the battery lid, CCT improves battery capacity, longevity and
charging efficiency while concurrently reducing the lifetime service costs of a
battery system. 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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