WEST MELBOURNE, FL, September 13, 2016 – RELM Wireless Corporation (NYSE MKT: RWC) today announced that it has entered into a Master Standing Offer agreement (MSO) with E-Comm Emergency Communications for British Columbia, Canada (E-Comm) to provide P25 700MHz portable and mobile radios, accessories and service. The MSO is for an initial base term of three years with renewal options for four additional years comprised of two, two-year periods. The renewals, if exercised, provide for renegotiated prices, with all other terms and conditions remaining unchanged. No minimum or maximum procurement is established under the MSO, nor does the MSO specify or guarantee purchase quantities or dates.
E-Comm is the largest 9-1-1 center in British Columbia, responsible for 88% of the province’s emergency call volume; an estimated 1.35 million calls annually. E-Comm serves 25 regional district and communities ranging from Vancouver Island and Metro-Vancouver to the Alberta and U.S. borders, providing dispatch service for 35 police and fire departments.
RELM President and Chief Executive Officer David Storey commented, “E-Comm is one of the largest and most respected public safety organizations in Canada. We are very excited about our new relationship with E-Comm and our growing market share in Canada. This is our second announced Canadian contract, following last year’s agreement with another Canadian emergency medical service provider, which to-date has yielded over $3.1 million in sales and helped establish our reputation for quality, reliability and value. We believe the agreement with E-Comm is equally promising and further raises RELM’s profile in Canadian public safety. Combined, these agreements give us a strong presence in two Canadian provinces and a solid foundation for success in other parts of Canada. We look forward to making this relationship a mutual success for both E-Comm and RELM”.
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 almost 70 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”.
Forward-Looking Statements
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: changes or advances in technology; the success of our LMR product line; competition in the land mobile radio industry; general economic and business conditions, including federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital; reliance on contract manufacturers and suppliers; heavy reliance on sales to agencies of the U.S. government; our ability to utilize deferred tax assets; retention of executive officers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and consummate, acquisition or investment transactions, and risks incumbent to being a minority stockholder in a corporation; impact of our investment strategy; government regulation; our business with manufacturers located in other countries; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results; acts of war or terrorism, natural disasters and other catastrophic events; any infringement claims; data security breaches and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE MKT listing; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. 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, 2015 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.