AEY - ADDvantage Technologies' Service Subsidiary Executes Agreements with Leading Optical Communications OEMs | Benzinga
CARROLLTON, Texas, Oct. 13, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that wholly owned subsidiary, Fulton Technologies ("Fulton") Inc., has executed new multi-year agreements with some of the largest optical communications OEMs in the United States. Under the new agreements, the Broadband division of Fulton Technologies is now authorized to provide fiber design, engineering, and construction services throughout the United States.
Since announcing the expansion of Broadband services provided by Fulton at the end of June, the Company continues to work aggressively in serving the needs of carriers to expand broadband services to both unserved and underserved populations. These new agreements will provide opportunities to improve upon legacy deployment methods via additional training, education, and technology improvements.
"Working directly with broadband service providers is vital to understanding design considerations, technology decisions, and deployment timelines," commented Brian Davidson, Chief Revenue Officer of ADDvantage Technologies. "Our collective push as a business to also align with manufacturers in this space provides additional value to our customers. We see numerous benefits in promoting a healthy relationship between all the parties involved ...