WEST MELBOURNE, Fla., Sept. 1, 2011 /PRNewswire/ -- RELM Wireless Corporation (NYSE AMEX: RWC) announced today that it has entered into an agreement with Spectra Engineering Pty Ltd (Spectra). Under the agreement, RELM has the right to purchase Spectra's full line of digital P25 and analog base stations and repeaters and sell such products under RELM's brand name "BK Radio" in North America on an exclusive basis. RELM does not have any minimum purchase requirements under the agreement, which has a three-year term.
RELM President and CEO David Storey commented, "Being able to offer 'BK Radio' branded Spectra base station and repeater products will complement our expanded line of KNG P25 digital portable and mobile radios; offering comparable features, world-class performance and value. Their addition, we believe, enhances our ability to meet the requirements of prospective customers and successfully pursue a greater share of the federal, state and local government markets. We are looking forward to working closely with Spectra and making our relationship a mutual success."
Spectra Engineering Pty Ltd is a world leader in the design and manufacture of high performance base stations and repeaters, offering more models and solutions covering more frequency bands than any other manufacturer worldwide. Spectra is Australia's largest manufacturer of such equipment. Spectra's products and peripherals are used in a diverse range of professional communications systems throughout the world, including analog, APCO P25 digital, Trunking, conventional LMR/PMR, data, paging, marine and other special applications. The Company maintains its headquarters in Malaga, Western Australia and can be contacted through its web site at www.spectraeng.com.au or directly at +61-8-92482755.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 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 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, 2010 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV