PALM BEACH, Florida, September 12, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Fueled by technological advancements of concepts such as the Internet of Things (IoT), smart networks have advanced to become the backbone of IT infrastructure in nearly every facet of society. From business operations to how cities are actually run, smart networks have been leveraged to create a more efficient and productive society. According to data from Intel, the number of interconnected devices will surpass $200 billion by 2020 which is up from just 2 billion in 2006. The growth in this industry is happening at an unprecedented rate, which is creating intense competition and the demand for continuous innovation and improvement. If properly executed, the development of smart network platforms can tap into this massive market with revenues seemingly falling out of the sky. Active tech companies in the markets this week include FTE Networks, Inc. (NYSE: FTNW), Verizon Communications Inc. (NYSE: VZ), Avaya Holdings Corp. (NYSE: AVYA), A10 Networks Inc. (NYSE: ATEN), CenturyLink Inc. (NYSE: CTL).
FTE Networks, Inc. (NYSE American: FTNW) BREAKING NEWS: FTE Networks, a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced its subsidiary, CrossLayer, Inc., is mobilizing the transformation of one of Manhattan's West 30's properties by delivering its future-ready, data platform to position the building as one of the most technologically advanced in NY's prestigious Fashion District, providing new digital technology services to tenants and generating an on-going revenue stream for building owners.
"I am excited to announce the expansion of FTE's NY footprint with the addition of CrossLayer services to the NY network. CrossLayer is continuing its momentum in the New York market by working with developers to transform buildings into highly desirable workspaces built on one of the most technologically innovative data networks available today. As part of its larger strategy, FTE is preparing to expand into additional NFL cities. New York is the first market due to the strong foundation and presence FTE has already established through its infrastructure segment" said Mr. Michael Palleschi, President and CEO of FTE Networks. "While location and amenities have been primary factors in making office space decisions, now the role of advanced technology as part of a building's infrastructure is attracting the marketplace to our ability to add revenue generating services."
CrossLayer will install and operate a direct fiber-to-wireless platform throughout this West 30's property and serve as a provider of data, internet, voice and advanced communications services. Additionally, CrossLayer's Campus Connect feature will enable tenants to work anywhere securely within the building, without losing connectivity to their private wireless network.
"The expectation of tenants and guests for innovative technologies in today's competitive work environment is rapidly changing, and CrossLayer provides a solution to meet the needs of both tenants and property owners," said Lynn Martin, President of CrossLayer. "At the same time, the CrossLayer network provides opportunities for property owners to generate incremental revenue by offering a host of new services enabled by our platform."
The CrossLayer solution, initially brought to the market in late 2017, is a disruptive game-changer in terms of how building owners monetize their communication infrastructure. From exciting developments such as the deployment in Industry City, to becoming a key technology service provider to one of the largest global commercial real estate firms in the world, CrossLayer continues to enjoy incremental market share gains in this large and growing market. The recent partnership with Buttcon to enter the Canadian market with a minimum of 11 buildings on net also underscores the fact that this is a global opportunity. Read this and more news for FTNW at http://www.marketnewsupdates.com/news/ftnw.html
Other recent developments in the tech industry include:
Verizon Communications Inc. (NYSE: VZ) recently announced it will start offering a fifth-generation package on Oct. 1 in four cities, with signups beginning this week. Would-be customers in those initial markets -- Houston, Indianapolis, Los Angeles, and Sacramento, California -- will be able to check availability and order the service online starting Thursday at FirstOn5G.com. Verizon's wireless subscribers will pay $50 a month for the 5G internet and TV service after a three-month free trial. Others will pay $70 a month after the first three months. Verizon is in a race with AT&T Inc. to introduce the first 5G wireless service -- a standard that promises connection speeds between 10 and 100 times faster than today's cable. Verizon plans to beam services to home receivers and compete against cable and satellite TV providers like Comcast Corp. and Dish Network Corp. 5G networks also are seen as critical to ushering in an era of robotics and autonomous cars.
Avaya Holdings Corp. (NYSE: AVYA) recently announced that China Eastern Airlines has implemented a complete Avaya unified communication and collaboration solution to support its corporate headquarters and disperse operational locations. As one of the first Chinese companies with business communications fully based on an IP architecture, China Eastern Airlines has dramatically reduced costs, increased efficiency, and built a solid, flexible communications foundation for the future. Headquartered in Shanghai with branch offices all over the world, the airline is one of China's largest major aviation companies with a fleet of over 600 passenger and cargo aircraft and serving more than 100 million passengers globally. As part of its global growth strategy, China Eastern Airlines has adopted Avaya's full-IP solution, providing it with a fully mobile, highly reliable, flexible and scalable cloud-based communications system.
A10 Networks Inc. (NYSE: ATEN) recently announced preliminary financial results for the quarter and six months ended June 30, 2018. "We have made steady progress across our key initiatives including strengthening our team, increasing our pace of innovation, and targeting our R&D investments in cloud, security and 5G. While our first quarter was impacted by our sales transformation, we were pleased to see improved momentum in the second quarter," said Lee Chen, president and chief executive officer of A10 Networks. "There are a number of trends in the market that play to A10's strengths that we believe present many opportunities for growth over the long-term. We are focused as a management team and believe we are on the right path to continue to improve our execution and drive growth." A10 Networks (ATEN) is a provider of intelligent and automated cybersecurity solutions, providing a portfolio of high-performance secure application solutions that enable intelligent automation with machine learning to ensure business-critical applications are secure and always available. Founded in 2004, A10 Networks is based in San Jose, Calif., and serves customers in more than 80 countries with offices worldwide.
CenturyLink Inc. (NYSE: CTL) recently announced its Vyvx suite of fiber-based broadcast services now provides secure, high-performance connectivity into Amazon Web Services (AWS), including AWS Elemental Media Services, via AWS Direct Connect. Called Vyvx Cloud Connect, the new network service provides broadcasters as well as studios and stadium venues across the United States an easy path for getting live and linear video into and out of the cloud. "While cloud-based workflows make live OTT-video delivery significantly more scalable and agile, the delivery of that content from TV broadcast centers into the cloud to prepare it for Internet-based delivery is still dependent on broadcast distribution networks," said Jim Davis, contributing analyst at Structure Research. "With this service, the CenturyLink Vyvx network can directly route broadcast TV content to AWS and give customers peace of mind knowing their streams are managed, monitored and protected.".
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