New Contract Wins Driven by Nationwide 5G Implementation

LONGWOOD, FL, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. (the "Company" or "Spectrum") (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced that it has recently received $3.6 million in new contract awards across all operating subsidiaries.

The new contract awards are composed of work orders from both new and existing clients, who are building upon prior work orders awarded to Spectrum in the past. The work orders are predominantly for infrastructure projects as network operators prepare for a nationwide implementation of 5G.

“We are pleased to announce over $3.6 million in new contract awards,” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “Across the board, we are seeing network operators and carriers strengthen and expand their wireless infrastructure on the back of an ever increasing consumer demand for wireless data. These new contract awards in particular pertain to enhancing data infrastructure for the upcoming Super Bowl through improvements to hospitality facilities’ telecommunications and security infrastructure.

“As we continue to expand our service offering to support the rollout of 5G, which requires a large number of small cell deployments rather than a fewer number of larger towers as was traditionally seen, our opportunity pipeline continues to grow at a rapid rate. I look forward to continued operational execution on this front and long-term shareholder value creation,” concluded Ponder.

About Spectrum Global Solutions
Spectrum Global Solutions (OTCQB: SGSI) is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. To learn more, visit the Company’s website at https://spectrumglobalsolutions.com/.

Forward-Looking Statements
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Investor Relations:
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America
Main: 949-259-4987
SGSI@mzgroup.us