CROSSLAYER™ TO INSTALL ITS EDGE COMPUTE PLATFORM IN TWO COMMERCIAL OFFICE BUILDINGS IN CANADIAN MARKET
NAPLES, Fla., Dec. 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 its subsidiary, CrossLayer, Inc., has obtained regulatory approval to become a Canadian ISP and is installing and managing its future-ready, edge compute platform in two commercial office buildings in a suburb of Ontario, Canada.
The CrossLayer edge compute platform delivers new digital technology services to tenants, while generating an ongoing revenue stream to building owners. CrossLayer will install and operate its direct fiber-to-wireless platform in two adjacent multi-tenant buildings in the Ontario suburb of Vaughn, and serve as a provider of data, internet, voice and advanced communications services.
“This is a tremendous achievement for CrossLayer. I am extremely excited about CrossLayer’s continued growth and expansion into the Canadian market. This move broadens our momentum with CrossLayer’s advanced data platform,” said Mr. Michael Palleschi, President and CEO of FTE Networks. “As we’re expanding the scope of our sales geography, we’re also expanding the potential of our market opportunity.”
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.
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.