RELM Wireless Receives Blanket Purchase Order from U.S. Bureau of Land Management
WEST MELBOURNE, Fla., July 12, 2012 /PRNewswire/ -- RELM Wireless Corporation (RWC) (NYSE MKT : RWC) today announced that it has received a blanket purchase agreement (BPA) from the U.S. Bureau of Land Management (BLM). The BPA includes the Company's new KNG-Series and legacy D-Series digital P25 portable radios, mobile radios and related accessories, operating in the VHF frequency band. The BPA has a maximum total value of $2.1 million, with a one-year base period and four one-year option periods. The value for the base period totals approximately $390,000. The values for each of the option periods are $448,000, $371,000, $422,000 and $515,000, respectively. An order for the base period was received and fulfilled in June 2012.
RELM President and Chief Executive Officer David Storey commented, "As we have for so many years, RELM is proud to support the BLM's wildland firefighting professionals. With so many lives on the line in critical situations, ours is a support role that our entire company takes very seriously, and one that we value a great deal. The BLM has relied upon thousands of our BK Radio products in wildland fire suppression efforts for over two decades; first deploying our E-Series analog radios, then our G-Series analog radios, and more recently migrating to our P-25 digital D-Series radios. We are committed to our relationship with the BLM for the full term of this BPA and for many years thereafter."
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