Fortran Corporation (OTCMKTS:FRTN) has announced that its subsidiary, Comconexx, LLC, doing business in Florida as Communications Conexxions, has landed a contract valued at $691,109.20! It will provide structured cabling and audio-visual equipment for a new High School being constructed in Collier County, Florida.
Trading Data
On Wednesday, FRTN stock moved up 4.16% to $0.1010 with more than 48K shares traded, compared to its average volume of 6K shares. The stock moved within a range of $0.1010 – 0.1090 after opening trading at $0.1089.
Fortran Announces Significant Contract In the State of Florida
Fortran Corporation is a telecommunications system integrator that specializes in designing, implementing and maintaining complex communications solutions. It offers engineering and design, network service, sales, remote monitoring, and on-site services.
They have several subsidiary companies that are actively engaged in converting their historical and traditional telecom business models to a TaaS model. With the subsidiaries’ ability to offer these modern telecommunication technologies, they are certain that companies and organizations requiring upgrades, expansion, or replacement of existing equipment will be able to realize significant savings compared to aging copper or wired digital infrastructures. The subsidiaries also offer one-stop service and products to provide organizations with the best communications and data network services. They place equal emphasis on both quality and value.
Fortran President Glenn Withers has commented that their recent acquisition of Comconexx has already proved to be extremely valuable for Fortran. He is confident about more significant contracts being awarded to Comconexx over the next 12 months.
Key Quote
“We believe our recent acquisition of Comconexx has already proved to be extremely valuable for Fortran,” stated Fortran President Glenn Withers.
Technical Data
FRTN stock is trading below the 20-Day and 200-Day Moving averages of $0.10 and $0.13 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.11.
