- 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://nnw.fm/XzD02).
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://nnw.fm/Yk4Eh). 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://nnw.fm/Qef9b).
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://nnw.fm/6Rngy). 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://nnw.fm/XWc83).
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://nnw.fm/OOJ2n). 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://nnw.fm/pbXh7). 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://nnw.fm/YidT5).
“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://nnw.fm/SGSI
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com