WidePoint Awarded $5.3 Million in Federal Government Contract Renewals and Modifications
July 10 2019 - 6:00AM
WidePoint Corporation (NYSE American: WYY), the
leading provider of Trusted Mobility Management (TM2) specializing
in Telecommunications Lifecycle Management, Identity Management and
Bill Presentment & Analytics solutions, has received multiple
renewals and modifications to existing contracts with current
federal government customers, with the aggregate value totaling
approximately $5.3 million.
Included in the contract renewals and
modifications are a six-month extension for both wireless and
wireline services with a current customer; and modifications for
increased support of wireless services, equipment, and accessory
purchases for lines of service from two separate customers.
WidePoint expects to recognize all revenues from these
modifications over the next twelve months.
“The contract renewals and modifications we
received from current federal customers validate both the quality
of our Trusted Mobility Management, or TM2, framework and our
ability to maintain excellent relationships with our customers by
providing first-rate service and effective solutions,” said Jin
Kang, WidePoint CEO. “These modifications indicate that our
cross-selling and up-selling tactics continue to be effective and
that we’re able to negotiate favorable contract renewals. We look
forward to capitalizing on this momentum as we continue to expand
our footprint in the federal space and build on our growing success
and prospects in the commercial markets.”
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a
leading provider of trusted mobility management (TM2) solutions,
including telecom management, mobile management, identity
management, and bill presentment and analytics. For more
information, visit widepoint.com.
Investor Relations:Matt
Glover and Charlie SchumacherGateway Investor
Relations(949) 574-3860WYY@gatewayir.com
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