RELM Wireless Receives Awards Totaling $26.2 Million From U.S. Department of Homeland Security Tactical Communications Contract For Project 25 Portable Radios and Repeaters
WEST MELBOURNE, FL, September 30, 2015 – RELM Wireless Corporation (NYSE MKT: RWC) today announced that it received awards under the U.S. Department of Homeland Security (DHS) Tactical Communications (TacCom) Contract totaling $26.2 million for its KNG series portable radios, repeaters and accessories. The equipment will be deployed by the Transportation Security Administration (TSA) at over 400 airports in the continental U.S. as well as locations outside the continental U.S.
The awards are for a base-term of one year that commenced on September 28, 2015, with four one-year options. The first option year was partially exercised immediately. The awards are comprised of delivery orders totaling $15.5 million, which includes the base-term and partial exercise of option year 1, and stipulates delivery of the equipment within 180 days. The awards do not specify or guarantee the exercise of the remaining option years, which total $10.7 million.
RELM President and Chief Executive Officer David Storey commented, “This is a landmark win for RELM. We have worked hard to cultivate a relationship with the TSA for many years, building confidence in our products and service through a series of smaller requirements. We are very excited to receive the awards and view this as a signature moment that will further cement the reputation we have already established with our core public safety customers; a reputation for first-class quality, customer service and value. In today’s world the mission of the TSA is critical to the safety and security of all Americans. We take that mission very seriously, and the entire RELM team is looking forward to getting started and making the program a huge success.”
About APCO Project 25 (P25)
APCO Project 25 (P25), which requires interoperability among compliant equipment regardless of the manufacturer, was established by the Association of Public-Safety Communications Officials and is approved by the U.S. Department of Homeland Security. The shift toward interoperability gained momentum as a result of significant communications failures in critical emergency situations. RELM was one of the first manufacturers to develop P25-compliant technology.
About RELM Wireless Corporation
As an American Manufacturer for almost 70 years, RELM Wireless Corporation has produced high‑specification two‑way communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. Advances include a broad new line of leading digital two‑way radios compliant with APCO Project 25 specifications. RELM’s products are manufactured and distributed worldwide under BK Radio and RELM brand names. The Company maintains its headquarters in West Melbourne, Florida and can be contacted through its web site at www.relm.com or directly at 1‑800‑821‑2900. The Company’s common stock trades on the NYSE MKT market under the symbol “RWC”.