SEPTEMBER 12, 2018
CROSSLAYER™ TO INSTALL AND MANAGE AN ADVANCED IN-BUILDING NETWORK ENABLING SMART BUILDING FEATURES IN MANHATTAN’S WEST 30’S PRE-WAR BUILDING
NAPLES, Fla., Sept. 12, 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., is mobilizing the transformation of one of Manhattan’s West 30’s properties by delivering its future-ready, data platform to position the building as one of the most technologically advanced in NY’s prestigious Fashion District, providing new digital technology services to tenants and generating an on-going revenue stream for building owners.
“I am excited to announce the expansion of FTE’s NY footprint with the addition of CrossLayer services to the NY network. CrossLayer is continuing its momentum in the New York market by working with developers to transform buildings into highly desirable workspaces built on one of the most technologically innovative data networks available today. As part of its larger strategy, FTE is preparing to expand into additional NFL cities. New York is the first market due to the strong foundation and presence FTE has already established through its infrastructure segment” said Mr. Michael Palleschi, President and CEO of FTE Networks. “While location and amenities have been primary factors in making office space decisions, now the role of advanced technology as part of a building’s infrastructure is attracting the marketplace to our ability to add revenue generating services.”
CrossLayer will install and operate a direct fiber-to-wireless platform throughout this West 30’s property and serve as a provider of data, internet, voice and advanced communications services. Additionally, CrossLayer’s Campus Connect feature will enable tenants to work anywhere securely within the building, without losing connectivity to their private wireless network.
“The expectation of tenants and guests for innovative technologies in today’s competitive work environment is rapidly changing, and CrossLayer provides a solution to meet the needs of both tenants and property owners,” said Lynn Martin, President of CrossLayer. “At the same time, the CrossLayer network provides opportunities for property owners to generate incremental revenue by offering a host of new services enabled by our platform.”
The CrossLayer solution, initially brought to the market in late 2017, is a disruptive game-changer in terms of how building owners monetize their communication infrastructure. From exciting developments such as the deployment in Industry City, to becoming a key technology service provider to one of the largest global commercial real estate firms in the world, CrossLayer continues to enjoy incremental market share gains in this large and growing market. The recent partnership with Buttcon to enter the Canadian market with a minimum of 11 buildings on net also underscores the fact that this is a global 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.