RELM Wireless Receives Orders Totaling $1.8 Million From U.S. Departments of Agriculture and Interior
30 July 2009 - 10:00PM
PR Newswire (US)
WEST MELBOURNE, Fla., July 30 /PRNewswire-FirstCall/ -- RELM
Wireless Corporation (NYSE:AMEXNYSE:-NYSE:RWC) today announced that
it has received orders totaling $1.8 million from agencies of the
U. S. Department of Agriculture and the U.S. Department of the
Interior. These orders are comprised primarily of RELM's new
digital P25 KNG products and its long-time flagship D-Series
digital P-25 products. It is anticipated that these orders will be
fulfilled during the third quarter of 2009. RELM President and
Chief Executive Officer David Storey commented, "We are continuing
to see improved orders flow from our base of legacy customers in
the departments of Agriculture and Interior. Following our
previously announced orders from these agencies, these purchases
are an encouraging sign of improved funding and business
conditions, combined with customer confidence in our products and
company. We are focused on sustaining this momentum." 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
events such as the 9/11 attacks and Hurricane Katrina. RELM was one
of the first manufacturers to develop P25-compliant technology.
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 http://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 the current financial crisis and
adverse economic conditions; 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 amid the financial crisis; 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,
2008 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. DATASOURCE: RELM Wireless Corporation CONTACT: Company,
Timothy Vitou, VP Sales & Marketing, of RELM Wireless
Corporation, +1-321-984-1414; or Investor Relations, R. Jerry
Falkner, CFA, of R.J Falkner & Company, Inc., 800-377-9893, Web
Site: http://www.relm.com/
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