RELM Wireless Receives US$1.0 Million International Military Order For KNG UHF Portable Radios
WEST MELBOURNE, Fla., May 22, 2012 /PRNewswire/ -- RELM Wireless Corporation (RWC) today announced that it has received an international order totaling approximately US$1.0 million for P25 KNG UHF portable radios and related products. The order is from the Company's Australian dealer, and the radios will be fielded in military bases by Australian Defence Industries. It is anticipated that the order will be fulfilled during the second quarter of 2012. This is the Company's second order for applications within Australian Defence Industries, following an initial order received last year.
RELM President and Chief Executive Officer David Storey commented, "We are very pleased with the most recent order for Australian Defence Industries. Last year we also provided P25 digital UHF portable radios and accessories totaling approximately $1M. A repeat order of this magnitude is a clear indication of the customer's confidence in our products, our value and the excellent service provided by our Australian dealer. This is a solid step in expanding our footprint in this exciting new market. We are looking forward to continuing the momentum."
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 emergency events. RELM was one of the earliest manufacturers of P25-compliant products, and today remains a staunch supporter of the P25 standard.
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 www.relm.com or directly at 18008212900. 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: risks relating to uncertain economic conditions in the United States; 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; 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, 2011 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.
SOURCE RELM Wireless Corporation