High Wire Awarded Additional Fiber Installation Project for National Environmental Solutions Provider, Bringing Total Value of Engagement to $2.8 Million+

BATAVIA, Ill., April 17, 2024 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has been awarded a $1.23 million fiber installation project for a Fortune 500 national environmental solutions provider.

The new project is in addition to a recently announced $1.6 million annual contract renewal for technology managed services. The total value of the renewed contract and fiber project for the customer now totals more than $2.8 million combined.

These engagements were secured through one of High Wire’s premier global channel partners which has introduced more than $17.5 million in revenue to High Wire over the last several years.

The new project includes running nine miles of fiber optic cabling to connect multiple installations of fire safety equipment at 133 sites within the customer’s network. The project has commenced and is anticipated to be completed by December 2024.

“This fiber installation project is a natural extension of our managed services and maintenance program for this major end customer,” stated High Wire CRO, Don Schmidt. “As our first fiber deployment for this customer, we believe we were chosen for our years of experience in multi-site, nationally deployed managed services for hundreds of Fortune 500 companies and the largest government agencies.”

“As the tech services industry continues to turn around from the challenges we faced last fall,” added Schmidt, “we look forward to working with our channel partner to potentially expand the service and projects we provide for this customer and as well as others.”

High Wire will continue to employ its U.S.-based global command center to provide 24x7 technical support and customers services for the environmental solutions provider’s more than 1,300 locations across the U.S. and Canada.

High Wire’s global command center provides on-demand logistics management and program coordination for scheduled maintenance, as well as coordinating emergency services when remediating network outages. The company’s network of 15,000 field technicians provides hands-on support at customer locations.

The new fiber deployments build upon a long-term relationship with this premier channel partner, which is among now more than 625 channel partners worldwide. In 2020, High Wire and its partner delivered SD-Wan installation services at the end customer’s more than 800 locations across North America. In 2022, High Wire worked with the partner to enhance a supermarket chain’s wireless connectivity at 75 locations nationwide.