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SOURCE RELM Wireless Corporation
WEST MELBOURNE, Fla., Feb. 28, 2013 /PRNewswire/ -- RELM Wireless Corporation (NYSE MKT: RWC) today announced that it has entered into a master agreement with Harris County, Texas (Houston) to provide public safety P25 subscriber radios for operation on the county's TXWARN radio system.
RELM is one of only three companies that received master agreements. The maximum total value of the master agreements is $1 million for all suppliers; RELM's agreement has a one-year base period that commenced on January 29, 2013, and four one-year option periods for Harris County. The master agreements do not specify or guarantee quantities of equipment to be purchased from any particular supplier.
RELM President and Chief Executive Officer David Storey commented, "RELM initially provided approximately $2 million of P25 subscriber radios to Harris County last year. We are pleased and excited to enter into this master agreement and extend our relationship with Harris County, and are committed to maintaining the same high level of product quality and customer service established with our initial deliveries last year. While available funding presently caps product procurements under the master agreements at $1 million for all suppliers, we stand ready to meet the County's additional needs when they arise."
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 in critical emergency situations. RELM was one of the first manufacturers to develop P25-compliant technology.
About RELM Wireless Corporation
As an American Manufacturer for more than 65 years, RELM Wireless Corporation has produced high-specification two-way 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 two-way 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 1-800-821-2900. The Company's common stock trades on the NYSE MKT 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 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, 2011 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.
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