Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) recently announced the acquisition of German energy, infrastructure technology company WaveTech GmbH (http://ibn.fm/SLsUQ). The transaction will provide SGSI access to WaveTech GmbH’s suite of patents and products. An article discussing the company reads, “WaveTech GmbH is a company funded by private equity that has developed patented technology using electrodynamic fields to stimulate the growth of desired crystals or to prevent unwanted crystals, known as Crystal Control Technology (‘CCT’), specifically as those crystals apply to the lifespan effectiveness of lead-acid batteries used in a variety of energy storage applications (http://ibn.fm/msVCG). . . . ‘In the last year we have been transitioning from a German-based company that provided a unique battery-life extension product into an innovative global technology company. We have established a solid platform for commercialization of our CCT product line with leading global partners, and we have a solid pipeline of additional opportunities,’ WaveTech GmbH CEO and Founder Dag Valand stated in a news release. ‘This transaction allows us to deliver to our shareholders and the shareholders of Spectrum increased value, capabilities and expanded market presence for which to capitalize on.’ . . . Spectrum Global CEO Roger Ponder stated that the combined companies will have an agreed-upon value of approximately $120 million and will support Spectrum’s previously announced plans for its future.”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions operates through its subsidiaries: AW Solutions, ADEX Corp and TNS. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean. For more information, visit the company’s website at 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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