WidePoint Receives $14.7 Million in Recent Contract Awards for Telecom Expense Management (TEM) and Mobility Managed Services...
October 22 2019 - 9:00AM
WidePoint Corporation (NYSE American:
WYY), the leading provider of Trusted Mobility Management
(TM2) specializing in Telecommunications Lifecycle Management,
Identity Management and Digital Billing & Analytics solutions,
today announced that the company received approximately $14.7
million in recent contract awards for Telecom Expense Management
(TEM) and Mobility Managed Services (MMS) during the third quarter
of 2019.
During the quarter, the company recorded more than sixty-five
contractual actions, which include new contracts wins as well as
exercised option years and contract extensions with current
customers. These awards are an amalgamation of contracts from both
federal government and commercial customers. WidePoint began
recognizing revenues from these awards during the third quarter of
2019.
“The contract awards we recognized in the third quarter
demonstrate our commitment to expanding and diversifying our
revenues and our ability to execute on this initiative
successfully,” said Jin Kang, WidePoint President and Chief
Executive Officer. “While the new wins exemplify our ability to
grow beyond our current customer base, the extensions with current
customers continue to validate the quality of our TM2 solutions,
which are focused on Telecom Expense Management and Mobility
Managed Services, and our ability to maintain enduring
relationships with our customers by consistently providing them
with valuable services.”
Jason Holloway, WidePoint’s Chief Sales & Marketing Officer,
added: “We’re continuing to see increased interest and demand from
both our strategic partners and potential clients for TM2,
WidePoint’s comprehensive solution for securing, managing, and
maximizing mobile assets and environments. We are excited to be
adding to our long track record of successful performance with both
government agencies and commercial enterprises, and we look forward
to continuing to augment our unique position in the TEM and MMS
landscapes.”
About WidePointWidePoint Corporation (NYSE
American: WYY) is a leading provider of trusted mobility management
(TM2) solutions, including telecom management, mobile management,
identity management, and digital billing and analytics. For more
information, visit widepoint.com.
Investor Relations:Gateway Investor
RelationsMatt Glover or Charlie Schumacher949-574-3860,
WYY@gatewayir.com
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