$2.3 Million In New Contracts For WPCS.EXTON, Pa. -- WPCS International Incorporated WPCS International Incorporated (NASDAQ: WPCS) is an American corporation with worldwide operations that is headquartered in Exton, Pennsylvania. The company engages in the design and deployment of wireless networks. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WPCS WPCS Wireless Personal Communication System (cellular phone) WPCS Window Primary Coolant System ) through its subsidiary companies has announced that it has recently been awarded contracts for new projects totaling $2.3 million. The contracts are with new clients and also represent extensions and expanded relationships with existing customers. The contracts consist of wireless infrastructure projects to be completed for The Philadelphia Art Museum, AT&T, Nextel, Bechtel, LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. International and the additional expansion of a wireless network for one of the largest public school districts in the U.S. Also included in the awarded contracts are new specialty communication system deployments for General Electric, Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. , Circuit City, The Native American Health Clinic, Del Webb/Pulte Homes and Namco, a leader in the entertainment gaming industry. The new contracts have increased the WPCS backlog to approximately $19 million over an anticipated completion range of eight months. Andrew Hidalgo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of WPCS International Incorporated, commented, "I am pleased to note that our recent activity, combined with the high level of satisfaction from our existing customers, has generated new corporate enterprise clients as well as additional contracts from our existing customers. We remain focused on expanding the size and diversification of our customer base, which will increase our opportunities to grow organically. Organic growth remains an important component of our development strategy. WPCS continues to provide the highest quality of engineering services, which we deliver with significant value for our customers. As the market increases its knowledge on the economic and performance benefits of wireless networks, it is creating many new opportunities for WPCS to pursue." About WPCS International Incorporated: WPCS and its subsidiary companies offer project engineering services for specialty communication systems, wireless fidelity (WiFi) and fixed wireless applications. WPCS offers the ability to integrate superior solutions across the vast majority of communication requirements. The company has an extensive customer base that includes many major corporations, government entities and educational institutions. For more information, please visit our website at www.wpcs.com Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements. |
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