WidePoint Awarded More than $86 Million in Task Orders from the U.S. Department of Homeland Security

Rhea-AI Summary

WidePoint Corporation (NYSE American: WYY) has secured over $86 million in task orders from the U.S. Department of Homeland Security (DHS) as part of its Cellular Wireless Managed Services (CWMS) 2.0 contract. This contract, established in November 2020, has a total ceiling of $500 million and spans five years. The awarded task orders include significant contracts for various DHS agencies, such as an $81.8 million order for Immigration and Customs Enforcement. The rapid awarding of these tasks suggests strong demand for WidePoint's solutions.

Positive

• Awarded over $86 million in task orders from DHS.
• Strong demand indicated by quick awarding of contracts.
• Firm foundation for future growth with existing DHS relationships.

Negative

• None.

FAIRFAX, VA / ACCESSWIRE / March 24, 2021 / WidePoint Corporation (NYSE American:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, has been awarded more than $86 million in task orders through its recently secured indefinite delivery, indefinite quantity (IDIQ) contract with the U.S. Department of Homeland Security (DHS).

In November 2020, WidePoint announced that it had secured the Cellular Wireless Managed Services (CWMS) 2.0 contract from its long-standing customer, DHS. The contract has a $500 million ceiling and contains a one-year base period with four 12-month option periods extending through November 24, 2025. The $86 million in task orders, which started being awarded less than two months after the contract vehicle was put in place, are the first set of task orders to be awarded under the new contract vehicle. They include:

• A one-year task order, with four twelve-month option periods, for Immigration and Customs Enforcement (ICE), valued at $81.8 million over the potential five-year period
• A one-year task order for the Cyber Security and Infrastructure Security Agency (CISA), valued at $1.1 million
• Three separate task orders varying in length from one to five years for Customs and Border Protection (CBP), which, in aggregate, are valued at $1.6 million
• A three-month task order for DHS headquarters, valued at $2.2 million

"These new task order awards form a solid foundation from which WidePoint can continue to build," said Todd Dzyak, president of WidePoint Integrated Solutions Corp. and the executive leading the DHS CWMS program. "While most of these contracts are logical follow-on awards, the awards from CISA are new as are some of the expansions with ICE and DHS HQ, and they demonstrate that we have opportunities to grow even within our existing relationships. The fact that these task orders came to fruition so quickly after the contract vehicle was put in place indicates that there is currently a large appetite for our solutions, and we therefore may see similarly material orders in the near future."

Jin Kang, WidePoint's chief executive, commented, "Securing the CWMS 2.0 contract with DHS was an important first step to ensuring that DHS and the agencies under its umbrella can continue to benefit from our services uninterrupted. While it is assuring to have confirmation that these important customer relationships remain in good standing, it is also encouraging to see new orders come to fruition, expanding our presence with DHS. We look forward to continuing our work with DHS to better service their needs and to realize a greater portion of this contract's potential value."

About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.

Investor Relations:
Gateway Investor Relations, Matt Glover or Charlie Schumacher
949-574-3860, WYY@gatewayir.com

SOURCE: WidePoint Corporation

View source version on accesswire.com:
https://www.accesswire.com/637160/WidePoint-Awarded-More-than-86-Million-in-Task-Orders-from-the-US-Department-of-Homeland-Security

FAQ

What is the total value of the task orders secured by WidePoint Corporation from DHS?

WidePoint Corporation has secured over $86 million in task orders from the U.S. Department of Homeland Security.

What is the duration of the CWMS 2.0 contract awarded to WidePoint?

The CWMS 2.0 contract has a one-year base period with four 12-month option periods, extending through November 24, 2025.

What is the largest task order awarded to WidePoint under the new contract?

The largest task order awarded is valued at $81.8 million for Immigration and Customs Enforcement (ICE).

How quickly were the task orders awarded to WidePoint after the contract was established?

The task orders started being awarded less than two months after the CWMS 2.0 contract was put in place.

What company is the leading provider of Trusted Mobility Management solutions?

WidePoint Corporation is the leading provider of Trusted Mobility Management solutions.