InvestorNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Announces $2.8M Contract Awarded to High Wire Networks

February 16, 2021 1:30 PM EST

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Spectrum Global Solutions (OTCQB: SGSI) has announced that High Wire Networks Inc. was awarded a $2.8 million electrical contract to provide power and fire-alarm infrastructure for new 150,000-square-foot distribution center near Chicago. SGSI previously announced that it had entered into a definitive agreement for a merger with High Wire; the merger, which is anticipated to close within the next few weeks, is subject to specified closing conditions. The multimillion-dollar contract calls for the installation of a 2,500 amps electrical service and infrastructure to power multiple robotic charging stations as well as a large conveyance system at the distribution center, which is being built by a global online retailer. In addition, High Wire will provide electrical services for LED lighting and lighting controls, install a generator for life-safety systems and network backup power source, and provide design and build services for a fire alarm system throughout the structure. “We are excited for the opportunity to be part of powering a next-generation distribution facility with 24/7 robotic technology,” said High Wire CEO Mark Porter in the press release. “This is another big win, proving that general contractors and property owners trust our electrical and technology teams to provide the resources, expertise and management to successfully carry out critical infrastructure projects.”

To view the full press release, visit https://ibn.fm/1jBlA

About Spectrum Global Solutions Inc.

Spectrum Global Solutions 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, please visit www.SpectrumGlobalSolutions.com.

NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://ibn.fm/SGSI

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