WidePoint Cybersecurity Awarded New Contract to Issue Federally Compliant Identity Credentials

Rhea-AI Summary

WidePoint Corporation (NYSE American: WYY) has secured a significant contract with a hospital associated with the U.S. Department of Health and Human Services (HHS). The contract includes issuing External Certificate Authority (ECA) credentials, which enable secure access to HHS systems for hospital employees and partners. The agreement spans a one-year initial term with a potential three-year extension. WidePoint is one of only two U.S. ECA providers authorized by the Department of Defense, positioning it advantageously in the market.

Positive

• Secured a contract to provide ECA credentials to a hospital linked with HHS.
• WidePoint is among two U.S. Government ECA providers, enhancing its competitive position.
• ECA credentials are high-margin offerings, contributing positively to revenue.

Negative

• None.

FAIRFAX, VA / ACCESSWIRE / February 8, 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 secured a new contract to issue External Certificate Authority (ECA) credentials to a hospital interacting with the U.S. Department of Health and Human Services (HHS) that provides direct and public health services.

Under the terms of this new agreement, WidePoint will provide its new government healthcare client with ECA digital certificate credentials, enabling the client's employees and industry partners to access certain secure HHS systems. In support of this credentialing project, WidePoint will also provide the client with hardware security tokens. This two-part contract encompasses a one-year term and a three-year term.

"WidePoint is one of only two U.S. Government ECA providers authorized by the U.S. Department of Defense. WidePoint is authorized to provide ECA digital certificates for identification, digital signature, email security and digital file encryption, server authentication, and domain controllers," said Caroline Godfrey, chief security officer, WidePoint Cybersecurity Solutions Corporation. "This provides WidePoint with a unique competitive advantage as we work to expand the presence of our credentials with organizations for whom security and compliance are essential."

Jason Holloway, president of WidePoint Cybersecurity Solutions Corporation, added, "With agencies and contractors experiencing an increase in cyber incursions, ECA credentials are one of the most important lines of defense for our government's most vital systems. We look forward to supporting this hospital under the HHS operating division."

Jin Kang, WidePoint's CEO, commented, "While the need to protect the integrity of our clients' sensitive data frequently limits our ability to disclose the details of new contracts, we're highly encouraged by the increase in demand for WidePoint's Identity Management solutions as these certifications are among our higher margin offerings. This award along with our past performance and excellent customer delivery provide the strong base from which WidePoint is gaining additional market share in the ECA community."

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/628170/WidePoint-Cybersecurity-Awarded-New-Contract-to-Issue-Federally-Compliant-Identity-Credentials

FAQ

What is the recent contract secured by WidePoint Corporation?

WidePoint has secured a contract to issue ECA credentials to a hospital associated with the U.S. Department of Health and Human Services.

How does WidePoint Corporation's contract impact its business?

The contract is expected to enhance WidePoint's market share in the ECA community and boost revenue from high-margin identity management solutions.

What are ECA credentials and why are they important?

ECA credentials are essential for secure access to sensitive government systems, serving as a critical line of defense against cyber incursions.

What is the duration of the contract awarded to WidePoint Corporation?

The contract includes a one-year term with an option for a three-year extension.

What competitive advantage does WidePoint Corporation have?

WidePoint is one of only two authorized U.S. Government ECA providers, giving it a unique edge in the cybersecurity market.