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.”
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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.
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