BOCA RATON, Fla., June 01, 2021 (GLOBE NEWSWIRE) — Spectrum Global Solutions Inc. (the “Company” or “Spectrum”) (OTCQB: SGSI), announced today that High Wire Networks Inc. (“High Wire”) was awarded a $1.28 million power contract for a new 170,000 square foot production plant and office in southern Wisconsin, centralized between the Chicago and Milwaukee metro areas. As previously announced, High Wire has agreed to go public through a merger with Spectrum Global Solutions Inc. (OTCQB: SGSI). Although closing of the merger has been delayed as the company awaits cancellation of the SBA’s PPP loan, earnings from this contract and other High Wire business will be reflected in Spectrum’s public filings going forward. as part of the two previously announced companies. Management contract.
High Wire will install 1,100 light fixtures, new 2,000 amp electrical service and 1,600 amp armored raceway. The team will also provide a turnkey fire alarm solution including design and installation.
In addition to the electrical distribution of the warehouse, the electricians will improve the power supply of the second floor office being modernized. The new site is expected to improve the customer and employee experience, ensure supply chain efficiency and operational flow, and enable facility optimization and automation.
“Being able to power and secure this new flagship facility and headquarters where 300 employees will work is incredible,” said Mark Porter, CEO of High Wire. “We are a one-stop solution for our customers who leverage our commercial electrical technology, low voltage technology and fire alarm systems all from a single source.”
“High Wire and Spectrum continue to see increased sales momentum and pent-up demand as pandemic restrictions ease,” Porter added.
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 in the United States, Canada, Puerto Rico and the Caribbean. For more information about the company and its technologies, see the company’s public documents 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 for VARs, MSPs, distributors, integrators, manufacturers and telecommunications providers by enabling them to minimize overhead while expanding delivery capabilities worldwide whole. Our flexible workforce provides vendor-neutral technical, professional and security services in over 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 provide comprehensive easy-to-sell, easy-to-buy cybersecurity for one 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 troubleshooting and remote technical support. With High Wire Networks, Get Work Done Partners. Learn more about http://www.highwirenetworks.com/
The above press release contains forward-looking statements. Statements contained herein 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”, “probable”, “may”, “could”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and other variations or negative expressions of these terms, including statements relating to expected market trends and company 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 information currently available, and include statements of intent, belief e or the current expectations of the Company and its management. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and are subject to a wide range of external factors, uncertainties, business risks and other risks identified in the Company’s filings with the Securities and Exchange Commission. Actual results may differ materially from those indicated by these 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 respect thereto or any change in events, conditions or circumstances about which any statement is based, unless required by applicable laws. law and regulations.
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