RELM Wireless Receives State and Municipal Public Safety Orders Totaling $1.6 Million
KNG VHF & UHF Trunked Portable & Mobile Radios with Accessories
WEST MELBOURNE, FL, February 18, 2014
RELM Wireless Corporation (NYSE MKT: RWC) today announced orders from a state forestry agency and county law enforcement, fire and emergency medical service agencies totaling an aggregate of approximately $1.6 million. The orders were for KNG VHF and UHF trunked portable and mobile radios with options and accessories. These radios will be deployed in state wildland fire suppression efforts, as well as county law enforcement, EMS and other public safety applications. The orders are anticipated to be fulfilled during the first quarter of 2014.
RELM President and Chief Executive Officer David Storey commented, “These orders represent a combination of new customers and additional business from previous customers, all of which are for various KNG radio models and supplementary equipment. The business from the state forestry agency, in particular, represents a significant increase from its previous purchases.”
Mr. Storey continued, “Sales growth within the state and local segment of the public safety market is a key to our strategic business plans, and the KNG product line was designed with that in mind. We believe that these wins coupled with other previously announced state and local orders are an encouraging indication that that we are making progress.”
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 more than 65 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”.
This press release contains certain forward-looking statements that are made pursuant to the “Safe Harbor” provisions of the Private Securities Litigation Reform Act Of 1995. These forward-looking statements concern the Company’s operations, economic performance and financial condition and are based largely on the Company’s beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: changes or advances in technology; the success of our LMR product line; competition in the land mobile radio industry; general economic and business conditions, including federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital; reliance on contract manufacturers and suppliers; heavy reliance on sales to agencies of the U.S. government; our ability to utilize deferred tax assets; retention of executive officers and key personnel; our ability to manage our growth; government regulation; business with manufacturers located in other countries; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results; acts of war or terrorism; any infringement claims; provisions in our charter documents and under Nevada law that may discourage a potential takeover; maintenance of our NYSE MKT listing; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and in the Company’s subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.