RELM Wireless awarded two delivery order contracts with maximum total value of USD9.5m
Oct 24, 2013 (M2 EQUITYBITES via COMTEX) --
RELM Wireless Corporation (NYSE MKT: RWC), a provider of high-specification two-way communications equipment, announced on Wednesday the award of two delivery order contracts from an agency of the US Department of Homeland Security (DHS).
These contracts were awarded under the DHS Tactical Communications (TacCom) Contract, which was originally issued in March 2012.
According to RELM, the contracts specify its KNG VHF and UHF portable and mobile radios with accessories and have an aggregate maximum total value of USD9.5m, Each contract has a base period that commenced on 25 September 2013 and extends through 31 July 2014 and includes three one-year option periods from 1 August 2014 through 31 July 2017.
Also, these contracts stipulate a firm obligation totalling USD13,800 to be delivered within 60 days after the effective date. They do not otherwise obligate the agency to specific purchase quantities or delivery dates.
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