High Wire Wins $5.3 Million Multi-Site, Wi-Fi Refresh for Nationwide Retail Store Chain
High Wire Networks (OTCQB: HWNI) has secured a $5.3 million project to upgrade mobile Wi-Fi access in over 2,000 retail locations across the U.S. This initiative, part of a digital transformation strategy, aims to enhance the in-store customer experience and is backed by one of High Wire's significant global partners, which has contributed over $35 million in projects in recent years. The upgrades are expected to be completed by November 2023. With a growing demand for next-gen Wi-Fi technology, High Wire anticipates a revenue growth outlook of 59% to 74% in 2023, projecting revenues between $43 million and $47 million.
- Secured $5.3 million project for mobile Wi-Fi upgrades.
- Expected revenue growth of 59% to 74% in 2023, reaching $43 million to $47 million.
- Successful collaboration with a global partner, leading to over $35 million in projects.
- None.
More than 2,000 Stores to Undergo Technology Upgrades to Improve Mobile Wi-Fi Access and Enhance Customer Shopping Experience
BATAVIA, Ill., April 05, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, was awarded a
As one of the world’s largest technology resellers and integrators, the partner has now secured more than
High Wire will roll out the wireless technology refresh to more than 2,000 retail store locations across the U.S. It will upgrade every store’s Wi-Fi technology to the latest, most secure wireless networking systems. The new wireless infrastructure will enable the retailer to execute on a digital transformation strategy designed to enhance the in-store customer experience. Initial deployments are already underway at multiple stores locations, with the project planned for completion by the end of November.
“After securing more than
“Now with more consumers returning to in-store shopping post-Covid, and supply chains able to supply this technology without delays, system integrators and technology enablers like High Wire and our channel partners are becoming one of the greatest beneficiaries of this growing trend,” added Porter. “A growing wave of planned upgrades is reflected in our record backlog and expanding sales pipeline.”
High Wire wireless deployment capabilities include predictive surveys and network cabling solutions which leverage its extensive network of field technicians and engineers. High Wire will also provide project and logistics management for its channel partner through the company’s Chicago-based global command center.
According to High Wire EVP Don Schmidt: “High Wire has developed a cost effective, highly efficient operational delivery model for these multi-site projects that place our partners in a confident and trusted position with their clients. Our success is a direct result of our partners’ success, and with our proprietary ‘continuous improvement’ methodology, we believe we will continue to be seen as a global leader for such multi-site technology deployments.”
This new wireless technology upgrade win follows a similar engagement for a multi-site, multi-tech rollout announced last fall that expanded from
To learn more about High Wire and its award-winning managed cybersecurity and IT enablement services, visit HighWireNetworks.com or view the company’s free video series on YouTube.
About High Wire Networks
High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity and IT enablement services. Through more than 600 channel partners, it delivers trusted managed services for nearly 1,000 managed security customers and tens of thousands of technology customers. Its end-customers include hundreds of Fortune 500 companies and the nation’s largest government agencies.
The company’s Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection and response to meet the security and compliance requirements of organizations large and small. The company’s IT enablement services provide the foundation for growing its higher-margin Overwatch business.
High Wire has 350 employees worldwide and seven U.S. offices, including a U.S. based 24/7 Network Operations Center and Security Operations Center in Chicago, with additional regional offices in Toronto, Puerto Rico and UK.
High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also recently named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers.
Learn more at HighWireNetworks.com. Follow the company on Twitter, view its extensive video series on YouTube or connect on LinkedIn.
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