WEST MELBOURNE, Fla., Oct. 6, 2011 /PRNewswire/ -- RELM Wireless Corporation (NYSE Amex: RWC) today announced that it has received orders totaling approximately $1.0 million from several different branches of the U. S. Military, all of which are for the Company's KNG P25 trunked portable and mobile VHF and UHF radios including related accessories. It is anticipated that the orders will be fulfilled during the fourth quarter of 2011.
RELM President and Chief Executive Officer David Storey commented, "It is exciting to follow-up our recent order from Australian Defence Industries with some substantial trunking orders from our U.S. forces. These orders are from military segments that have not previously purchased our products, further expanding and strengthening our footprint with the U.S. Military. The defense and military market segments are an important part of our strategic growth plans. These orders further indicate that our new products and their value are increasingly being recognized by prospective customers. We have also successfully established other new relationships recently with agencies such as the Federal Emergency Management Agency (FEMA), U.S. Department of Commerce and the U.S. Veterans Administration. We intend to build upon this momentum moving forward."
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 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
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