RELM Wireless Receives U.S. Military Order of Approximately $1.0 Million
PR Newswire - October 18, 2005 09:00
WEST MELBOURNE, Fla., Oct 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- RELM Wireless Corporation (Amex: RWC) today announced that the Company received an order totaling approximately $1.0 million from an agency of the United States military. These orders are for RELM's premier BK Radio D Series digital radios compliant with the APCO Project 25 (P25) technical standard. The hallmark of P25 is interoperability among compliant equipment, regardless of the manufacturer, a critical factor for the military as well as for public safety and homeland security coordination. This order is scheduled for delivery during the fourth quarter of 2005.
RELM President and Chief Executive Officer David Storey commented, "We are pleased to continue the increased sales momentum that began in the third quarter. This order highlights our commitment to providing U.S. military personnel with the highest-quality, most reliable and lowest-cost products available in the market. Our P25 digital radios offer exceptional performance in critical areas such as battery life, audio clarity and rugged durability, all at a lower cost than comparable equipment."
About RELM Wireless
For nearly six decades, RELM Wireless Corp. has manufactured and marketed high-specification two-way communications equipment for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications, including disaster recovery. Revolutionary advances include new low-cost digital portable two-way radios compliant with APCO Project 25 technical specifications. Products are manufactured and distributed worldwide under BK Radio, RELM/BK and RELM product lines. 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.
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: 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 year ended December 31, 2004 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
THE THRILL OF VICTORY ;-) & THE AGONY OF DEFEAT ;-(
