WEST MELBOURNE, FL / ACCESSWIRE / October 26, 2017 / RELM Wireless Corporation (NYSE American: RWC) today announced that it was awarded a five-year blanket purchase agreement (BPA) from the USDA/U.S. Forest Service (USFS).
The BPA is for the Company's portable and mobile VHF radios, as well as related accessories for deployment nationwide in federal forests. The term of the BPA commenced on September 22, 2017, and expires on September 21, 2022, providing for purchases up to $25 million. The BPA does not specify or guarantee purchase quantities or delivery dates.
RELM President Timothy Vitou commented, ''As we have for almost three decades, RELM is proud to support the forest service wildland firefighting professionals. With so many lives on the line in critical situations, ours is a support role that the entire company takes very seriously, and one that we value a great deal. The USFS has relied upon thousands of our BK Radio products in wildland fire suppression efforts over the years; first deploying our E-Series analog radios, our G-Series analog radios, our P-25 digital D-Series radios, and more recently migrating to our P25 digital KNG and KNG2-Series radios. We are committed to our relationship with the USFS for the full term of this BPA and for many years thereafter.''
About RELM Wireless
As an American manufacturer for 70 years, RELM Wireless is deeply rooted in the public safety communications industry, manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. Advances include a broad new line of leading digital two-way radios compliant with APCO Project 25 specifications. RELM Wireless' 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 American market under the symbol ''RWC.''
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.
Forward-Looking Statements
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; our ability to identify potential candidates for, and consummate, acquisition or investment transactions, and risks incumbent to being a minority stockholder in a corporation; impact of our investment strategy; government regulation; our 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, natural disasters and other catastrophic events; any infringement claims; data security breaches and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE American 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, 2016 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.
Company Contact:
RELM Wireless Corporation
Timothy Vitou, President
(321) 984-1414
SOURCE: RELM Wireless Corporation