WidePoint Awarded the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 Contract
WidePoint Corporation (WYY) announced the award of a $500 million contract by the U.S. Department of Homeland Security (DHS) for Cellular Wireless Managed Services (CWMS) 2.0. Effective November 25, 2020, this Indefinite Delivery, Indefinite Quantity (IDIQ) contract comprises a one-year base period with four option periods, concluding on November 24, 2025. The CEO, Jin Kang, expressed gratitude and confidence in WidePoint's role in enhancing mobile services and security for DHS and its components. The company aims to continue leveraging partnerships to support DHS's vital missions.
- Awarded a significant contract valued at up to $500 million, enhancing revenue potential.
- The contract duration extends until November 2025, providing stable future cash flow.
- Reinforces WidePoint's position as a leading provider in trusted mobility management.
- None.
Contract Award Ceiling of
FAIRFAX, Va., Nov. 25, 2020 (GLOBE NEWSWIRE) -- 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, announced today that the U.S. Department of Homeland Security (DHS) has awarded the Cellular Wireless Managed Services (CWMS) 2.0 Contract to WidePoint. Valued at up to
“WidePoint is honored to win the new DHS CWMS 2.0 contract and looks forward to continuing to deliver our comprehensive, commercial CWMS solution to DHS and its Components,” said Jin Kang, WidePoint’s chief executive officer. He continued, “The mobile landscape has evolved significantly since the first CWMS contract was awarded to WidePoint in 2013. The new DHS CWMS 2.0 contract continues DHS’s visionary leadership for maximizing mobile equipment and services and understanding the scope of services that will be required by DHS and its Components in the coming years.”
Todd Dzyak, president of WidePoint Integrated Solutions Corp., and the executive leading the DHS CWMS program, stated, “WidePoint is excited to team with the wireless carriers and our other innovative strategic partners to ensure that the vital missions of DHS and its Components are supported. WidePoint looks forward to building on the foundation of our success to ensure that DHS is always able to access the best services for reducing costs, achieving operational efficiencies and enhancing security.”
Kang added, “WidePoint thanks our team for their dedication and expertise. We also thank the DHS team members across all of the Components for their collaborative efforts and commitment to excellence. This program is a backbone of the mobile infrastructure essential for protecting our nation.”
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
FAQ
What is the value of the contract awarded to WidePoint Corporation (WYY) by DHS?
When does the CWMS 2.0 contract for WidePoint (WYY) expire?
What services does the CWMS 2.0 contract cover for WidePoint (WYY)?
Who expressed gratitude regarding the DHS contract awarded to WidePoint (WYY)?
What is the significance of the CWMS 2.0 contract for WidePoint Corporation (WYY)?
