Estimated Contract Value of Up to $7 Million to Deploy Next-gen Fiber Network Across the U.S.
ADEX today announced it will begin a next-generation fiber network deployment across the country for a national Communication Services Provider. The value of the contract is estimated to be $4.8 million to 7 million for the first year, with potential add-on services to increase the value over the next three years, through the completion of the project.
The project starts immediately and will ramp into full production over the next 8 weeks. ADEX will provide support for the client’s corporate initiative to extend fiber network to hundreds of thousands of locations.
“This is a testament to the hard work of our combined sales organization and our focus on profitable revenue growth,” said Mark Porter, President and CEO of ADEX. “As we continue to deliver unrivaled services in technology, managed cybersecurity and commercial electrical, we see tremendous growth in every aspect of our business. We expect to get better and faster.”
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.
Media Contact:
Susanna Song
Vice President of Marketing and Communications
ADEX Corporation
630-635-6717
