RELM Wireless Awarded Orders From the Department of Defense Totaling $5.2 Million for New P25 KNG Products
05 Maio 2009 - 9:30AM
PR Newswire (US)
WEST MELBOURNE, Fla., May 5 /PRNewswire-FirstCall/ -- RELM Wireless
Corporation (NYSE Amex: RWC) today announced that it has been
awarded orders totaling $5.2 million from the U.S. Department of
Defense (DoD). These orders are for the company's new digital P25
KNG products and related equipment. It is anticipated that the
orders will be largely fulfilled during the second quarter of 2009.
RELM President and Chief Executive Officer David Storey commented,
"Our new line of KNG products has been designed with one primary
objective; enabling RELM to expand its addressable market and win
new customers by providing the best performance, quality and value
available in the industry today. These orders from the DoD
represent the first step in making that objective a reality and, we
believe, provide an important springboard for additional future
business with the DoD and other government agencies. The order will
also mark the first deployment of exciting new RELM-proprietary
features. All products for the order will be produced in RELM's
Melbourne, Florida manufacturing facility." Storey continued, "Our
new KNG was subjected to a series of rigorous tests to qualify for
the intended demanding application. We are pleased that the DoD
recognized RELM and the KNG as best suited to meet their
requirements and we are committed to providing the DoD with
world-class products and service. We look forward to a long and
expanding relationship." 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 during events such as the 9/11 attacks and
Hurricane Katrina. RELM was one of the first manufacturers to
develop P25-compliant technology. About RELM Wireless Corporation
As an American Manufacturer for more than 60 years, RELM Wireless
Corporation has produced highspecification twoway 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 twoway 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
http://www.relm.com/ or directly at 18008212900. The Company's
common stock trades on the NYSE Amex 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: risks relating to the current financial
crisis and adverse economic conditions; reliance on contract
manufacturers; heavy reliance on sales to the U.S. Government;
federal, state and local budget deficits and spending limitations;
limitations in available radio spectrum for use by land mobile
radios; general economic and business conditions amid the financial
crisis; changes in customer preferences; competition; changes in
technology; changes in business strategy; the debt and inventory
levels of the Company; quality of management, business abilities
and judgment of the Company's personnel; and the availability,
terms and deployment of capital. 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, 2008 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. DATASOURCE: RELM Wireless
Corporation CONTACT: Timothy Vitou, VP Sales & Marketing of
RELM Wireless Corporation, +1-321-984-1414; or Investor Relations,
R. Jerry Falkner, CFA, R.J. Falkner & Company, Inc.,
+1-800-377-9893, , for RELM Web Site: http://www.relm.com/
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