$WPCS International (WPCS) shares add another 13.6% AH to the regular trading day's 15.7% gain after the company announces several operational updates. In the last four months, WPCS's 2 profitable domestic subsidiaries have executed new contract awards of $6.8M (+27% Y/Y). Notable customers include Johnson Controls, Siemens, Honeywell, SimplexGrinell, S.F. Airport, Sutter General Hospital, and California Pacific Medical Center. WPCS has initiated a search for a President of recently-acquired BTX Trader, secured office space in NYC, and is "pursuing several key BTX-related strategic initiatives that it hopes to be able to report upon early in 2014." Since announcing a public beta, the platform has seen a 600% increase in beta enrollments. The company will relocate its corporate office to a smaller, lower cost space after its lease expires at the end of Jan. WPCS also expects to save ~$200K in future compensation expense to to a separation agreement with a former exec. Finally, WPCS has entered a non-binding agreement with a broker to find a buyer for the 60% interest in its China JV.
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