WidePoint Receives $4.5 Million Option Year Exercise From a Federal Agency Customer

MCLEAN, Va., Dec. 10, 2014 /PRNewswire/ -- WidePoint Corporation (NYSE Mkt: WYY) a leading provider of Managed Mobility Services (MMS) specializing in Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, announced today that one of its Federal Agency customers has exercised its first option year on a Task Order placed under their recently awarded Cellular Wireless Managed Services (CWMS) Blanket Purchase Agreement (BPA). The contract value for the year is $4.527 million and the period of performance commences in December 2014.

The federal agency awarded the contract to WidePoint subsidiary iSYS LLC earlier this year, and with implementation of the Telecommunication Lifecycle Management services complete, the agency has exercised its first of four option year periods.

"We are confident of seeing continued positive results for our customer as we work to optimize their mobility assets and services," said Jin H. Kang, chief operations officer of WidePoint. "Our services produce ongoing savings by continuously optimizing services and streamlining management, while keeping our customers' mobile workers productive and supported."

"We continue to be pleased with the success we are seeing under the CWMS BPA," said Steve L. Komar, chief executive officer & chairman of WidePoint Corporation. "The award showcases the quality of our services and adds another building block to our growing customer base as we wrap up a strong 2014 and prepare to enter 2015 with a number of exciting pilots, partnerships, and growth opportunities."

About WidePoint

WidePoint (NYSE Mkt: WYY) is a leading provider of secure, cloud-delivered, enterprise-wide information technology-based solutions that can enable enterprises and agencies to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. WidePoint has several major government and commercial contracts. For more information, visit www.widepoint.com. 

For More Information:

Jim McCubbin, EVP & CFO	Brett Maas or David Fore
WidePoint Corporation	Hayden IR
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McLean, VA 22102	[e-mail]
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Media Contact: Meredith Esham [phone], ext. 127 [e-mail]

 

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SOURCE WidePoint Corporation

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