AEY - ADDvantage Technologies Telecom Services Company Awarded $4 Million in Broadband Division Contracts | Benzinga
CARROLLTON, Texas, Sept. 11, 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 secured numerous new Broadband Division contracts and awards, resulting in $4 million of new backlog for the current fiscal year.
Since announcing the expansion of Broadband services provided by Fulton at the end of June, the Company has experienced tremendous activity and interest in its expanded offering. The unique, customer-centric approach, technology platform (FultonFAST), and experience of the management team has led to these awards. Fulton is also executing contracts with some of the largest operators, carriers, and fiber electronics manufacturers in the industry.
"The results the Company has generated over the past couple of months are impressive, validating Fulton's expertise and the growing demand from customers," commented Brian Davidson, CRO of ADDvantage Technologies. "The fast-paced nature and urgency the Broadband group has shown to address customer needs and create long-term value is, and continues to be, our mission. The team's ability to quicky react and aid customers in achieving their ...