High Wire Networks Wins $1.6M Contract for Global Online Retailer
Spectrum Global Solutions (OTCQB: SGSI) announced a $1.6 million electrical contract awarded to High Wire Networks for a new distribution center in Indianapolis. This follows a previous nearly $3 million contract in Chicago. The project includes installation of significant electrical infrastructure to support robotic operations and LED lighting systems. High Wire’s CEO noted a growing demand for such facilities as pandemic restrictions ease. The merger between High Wire and Spectrum is also progressing, pending certain closing conditions.
- Awarded $1.6 million electrical contract, enhancing revenue potential.
- Continued year-over-year sales growth indicates strong market demand.
- Successful previous contract of nearly $3 million showcases capability.
- None.
Company Continues to See Year Over Year Sales Growth.
BOCA RATON, Fla, April 21, 2021 (GLOBE NEWSWIRE) -- Spectrum Global Solutions Inc. (the “Company” or “Spectrum”) (OTCQB: SGSI), announced today that High Wire Networks Inc. (“High Wire”) has been awarded a
The project includes the installation of new 2,500 amps electrical service and infrastructure to power multiple robotic charging stations and a large conveyance system at the customer site. The team also will deliver electrical services for LED lighting and lighting controls, and a generator for life safety systems and network backup power source.
In addition, High Wire will provide design and build services for the facility’s fire alarm system.
“We are excited for another opportunity to power a next-generation distribution facility with 24/7 robotic technology,” said High Wire CEO Mark Porter. “These high-tech facilities require incredible electrical prowess and focus. Our general contractor partner has the full confidence our electrical and technology teams will deliver the resources, expertise and management to successfully carry out critical infrastructure projects.”
“High Wire and Spectrum continue to see an increase in sales momentum and pent up demand as the pandemic restrictions ease”, added Porter.
As previously announced, High Wire has agreed to go public through a merger with Spectrum Global Solutions Inc. (OTCQB:SGSI). The closing of the merger is subject to certain closing conditions that are expected to be resolved within the next few weeks.
About Spectrum Global Solutions
Spectrum Global Solutions Inc. operates through its subsidiaries ADEX Corp., Tropical Communications Inc. and AW Solutions Puerto Rico LLC. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico and Caribbean. For more information about the Company and its technologies visit the Company’s public filings at www.SEC.gov or the Company’s website at https://SpectrumGlobalSolutions.com
About High Wire Networks
For 20 years, High Wire Networks has been a trusted partner to VARs, MSPs, distributors, integrators, manufacturers, and telecom providers by enabling them to minimize overhead while extending delivery capabilities around the world. Our flexible workforce delivers vendor-agnostic technical field, professional and security services in more than 180 countries. Our services include design, installation, configuration, and support for unified communications, wired and wireless networks, cabling and infrastructure, and electrical systems. Our Overwatch Managed Security Platform-as-a-Service enables our partners to deliver comprehensive cybersecurity that’s easy to sell and easy to buy for an affordable subscription. We also offer a variety of on-demand, rapid-response solutions with service levels ranging from two hours to the next business day for onsite break-fix and remote technical support. With High Wire Networks, partners Get Work Done. Learn more at http://www.highwirenetworks.com/
Forward-Looking Statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
Investor Relations
Spectrum Global Solutions
http://www.SpectrumGlobalSolutions.com/
561-672-7068
Media Relations
Susanna Song
Director of Communications
susanna.song@highwirenetworks.com
