High Wire Networks Inc. (OTCMKTS:HWNI) announced on September 22, 2022, about winning a $5 million technology deployment project for delivering wireless solutions that will span across the U.S and U.S. territories.
On Thursday, HWNI stock fell 2.26% to $0.0950 with more than 112.92K shares, compared to its average volume of 223.21K shares. The stock moved within a range of $0.0900 – 0.0993 after opening trade at $0.0993.
High Wire Wins $5 Million Multi-Site, Multi-Tech Rollout for Global Systems Integrator
The wireless solutions include predictive surveys, and network cabling solutions leveraging its vast network of field technicians and engineers. The company will even lend support to the partner through its global command center services to deliver project and logistics management.
Don Schmidt, High Wire EVP, said that they are excited to collaborate with a systems integrator who has deep trust in High Wire to deliver across their stack of technology services. It will boost the customer’s business efficiency and overall satisfaction.
High Wire has witnessed major growth in its wireless deployment segment of business. It has managed to secure more than $18 million of opportunities this year, leveraging its global reach to deliver wireless refresh and new deployment contracts. These engagements span more than three-thousand facilities, installing tens of thousands of access point. Deployments are scheduled synchronously at multiple stores and during store off hours.
Don Schmidt, also said that they are happy to consistently deliver an easy-to-engage process that aligns with their partner, offers subject-matter expertise, and gets work done efficiently and cost-effectively.
“We are thrilled to partner with a systems integrator who trusts High Wire to deliver across our stack of technology services that will improve their customer’s business efficiency and overall customer satisfaction,” said Don Schmidt, High Wire EVP. “We are proud to consistently deliver an easy-to-engage process that aligns with our partner, offers subject-matter expertise, and gets work done efficiently and cost-effectively.”
HWNI stock is trading below the 20-Day and 50-Day Moving averages of $0.0950 and $0.1103 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1502.