Hammer Fiber Optics Holdings Corp Announces Third Quarter Results and Improves Operating Results
NEW YORK, June 09, 2021 (GLOBE NEWSWIRE) -- Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the third quarter ended April 30, 2021, substantially improving its operating results, and completing several milestones in its telecommunications segment.
Key results include:
“We are now beginning to see the benefit of the platform that we have established,” said Kristen Vasicek, Hammer’s COO. “The OTT business continues to grow organically and Hammer’s telecommunications practice will be well positioned to respond to opportunities as markets continue to recover.”
In addition to strong growth from the OTT segment, Hammer also announced that it has completed construction of the first tower site in Huntsville, AL. “We are very pleased to announce Hammer’s return to the fixed wireless market. We are leveraging our strong brand recognition in the northern Alabama market to launch our wireless service for both the residential and business segments,” said Erik Levitt, Hammer’s CEO. “This is a significant milestone in Hammer’s Everything Wireless strategy, the core of Hammer’s telecommunications business.”
Hammer continued to round out its OTT offerings with continuing development of its HammerCall platform, targeted toward video conferencing and collaboration. This included the production release of its IOS and Android applications. The Company also continued to work with its partners to develop white labelled versions of the application.
A further update on our operations will be available via a HammerLive broadcast on Tuesday June 15th, 2021 at 4:00PM EDT, and viewable online at https://www.hammercorp.info/hammerlive.