OCTOBER 04, 2018

NAPLES, Fla., Oct. 04, 2018 (GLOBE NEWSWIRE) — FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced it has expanded its CrossLayer network with a new presence at 60 Hudson in New York, providing recently announced fashion district customers and wholesale telecom providers access to its fiber-based, edge compute platform.  This location complements existing facilities in Brooklyn, NY and underscores FTE’s continued commitment to expansion in the New York Metro area. 

“Thanks to CrossLayer’s expanding footprint in the New York market, the fashion district—the  hub of design and innovation—will  have access to one of the most advanced data networks in the metro area,” said Michael Palleschi, President and CEO of FTE Networks.  “Further, New York will be well poised with the addition of the 60 Hudson location to the CrossLayer network as a key aggregation point for the international fashion business.  It supports high-speed data traffic to and from the US and Europe enabling customers to benefit from an entirely new platform that supports a wide variety of new and emerging applications.”

FTE and its subsidiaries work with Fortune 500 companies, including some of the world’s leading Telecommunications and IT Services Providers, as well as REITs and Media Providers. Customers in New York and throughout the Northeast will benefit initially from this expansion.

About Crosslayer

CrossLayer a division of CBFA Corporation is a managed network services company with a new business model for connecting large-scale, state-of-the-art campuses and multi-use developments.

CrossLayer delivers technology solutions via a single, software-driven, edge compute platform enabling property owners and developers to directly deliver cutting-edge technology solutions to tenants and guests that differentiates their properties and provides cost savings. This converged network allows tenants, vendors, building management systems and smart technologies to run over one integrated onsite fiber backbone.

www.crosslayer.com

About FTE Networks, Inc.
FTE Networks, Inc. (“FTNW”) is a leading provider of innovation technology. We enable adaptive and efficient smart network connectivity platforms, infrastructure and buildings. FTE provides end-to-end design, build, and support solutions for state-of-the-art networks, data centers, residential and commercial properties. We create transformative smart platforms and buildings. FTE’s services are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of leading edge projects and services. The Company works with Fortune 100/500 companies, including some of the world’s leading Telecommunications and IT Services Providers as well as REITs and Media Providers.

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