Spectrum Global Receives Over $3.5 Million in New Contract Awards Year to Date

LONGWOOD, Fla., March 08, 2018 -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), , a single-source provider of end-to-end next-generation wireless and wireline network solutions, to the service provider (carrier) and corporate enterprise markets, has received over $3.5 million in new contract awards year to date 2018.  

The Company’s new ADEX Corp subsidiary which did over $20 Million in gross revenue for 2017, contributed over $2.6 million in new annualized contracts during this period.  These new customer orders are to provide professional services and project management for engineering design and network upgrade services for new state of the art, next generation communications systems. Much of the work under these contracts has already begun and will begin to be reflected in our filings for the first Quarter 2018. 

Roger Ponder, CEO stated; "We have secured significant new business that adds to our backlog at an accelerated pace. These new purchase orders and contracts reflects the customer demand for our distinctive and proven suite of services within the enterprise and service provider markets."

About Spectrum Global Solutions, Inc:

Spectrum Global Solutions operates through its AW Solutions, ADEX Corp and Mantra Energy Alternatives subsidiaries. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean.

The Company’s subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable.  For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.

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.

CONTACT:
Investor Relations
Spectrum Global Solutions
561-672-7068