Fortran Corporation Announces Successful Completion of 21 North Carolina School Technology Upgrades

Rhea-AI Summary

Fortran Corporation (OTC: FRTN) has announced the successful upgrade of telecommunications systems in 21 schools across three counties in Western North Carolina through its subsidiary, B and L Telephone. President & CEO Glenn Withers emphasized that these upgrades will enhance service delivery for students and faculty. The projects were completed on time during the summer to minimize disruption. Fortran continues to transition its subsidiaries to a TaaS model, aiming to provide cost-effective solutions compared to traditional telecom infrastructures.

Positive

• Successful completion of telecommunications upgrades for 21 schools.
• Enhancements expected to significantly improve service delivery.
• Ongoing transition to TaaS model may provide cost savings to clients.

Negative

• None.

Conover, NC, Oct. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Fortran Corporation (OTC: FRTN), an emerging telecommunications technology systems integrator, is pleased to announce that our subsidiary, B and L Telephone, has been busy this summer upgrading the capabilities of twenty-one (21) schools in three Western North Carolina counties.

“These upgrades will greatly enhance the abilities of these 21 schools to provide services to their students and faculty,” stated Fortran President & CEO Glenn Withers.

School projects require the work to be done during the summer to minimize interruptions to the educational process. B and L employees stepped up and completed these upgrades on time and on schedule while maintaining our normal relationship with our other customers.

About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services. Fortran’s subsidiary companies include Comconexx, LLC, M & B Communication, LLC, B and L Telephone, and Fortran Communications.

Each of our subsidiary companies is in the process of converting their historical and traditional telecom business models to a TaaS model. With our subsidiaries’ ability to offer these modern telecommunication technologies, we believe that companies and organizations requiring upgrades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures.

Companies can now integrate their voice platform with data network technology to improve collaboration and usability. Our subsidiary companies offer one-stop service and products to provide organizations with the very best in both value and quality for communications and data network services.

For more information contact us at: info@fortrancorp.com. Visit us at www.fortrancorp.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Fortran’s estimated or anticipated future results or other non-historical expressions of fact are forward looking statements that reflect Fortran’s current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward looking statements include, but are not limited to, statements that companies and organizations requiring upgrades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures. It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran’s current expectations depending upon a number of factors affecting Fortran’s business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran to compete successfully and other events. These factors also include, among others, the risks associated with the COVID-19 pandemic and related public health measures on its business, customers, markets and the worldwide economy; the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran’s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran Corporation’s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors” section contained in such fillings.


Contact:
Glenn Withers
Tel: 828-324-4611
Gwithers@fortrancorp.com

FAQ

What recent projects has Fortran Corporation (FRTN) completed?

Fortran Corporation announced upgrades to telecommunications systems in 21 schools in Western North Carolina.

What benefits are expected from the telecommunications upgrades by FRTN?

The upgrades are expected to enhance service delivery for students and faculty at the upgraded schools.

How is Fortran Corporation (FRTN) transitioning its business model?

Fortran is converting its subsidiaries to a Technology as a Service (TaaS) model to provide modern telecommunication solutions.

When were the upgrades to schools completed by FRTN?

The upgrades were completed during the summer of 2022.