WidePoint Secures More than $10.4 Million in Trusted Mobility Management (TM2) Contracts During the Fourth Quarter of 2020

Rhea-AI Summary

WidePoint Corporation (NYSE American: WYY) reported over $10.4 million in contract awards for Q4 2020, including the U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 Contract. The company executed more than 30 contractual actions, encompassing new awards, renewals, and extensions across diverse sectors such as government, education, and leading corporations. CEO Jin Kang noted the growing adoption of their Managed Mobility Services as a preferred solution for mobile workforce management, highlighting an optimistic outlook for continued expansion in 2021.

Positive

• Secured over $10.4 million in contract awards in Q4 2020.
• Awarded the DHS Cellular Wireless Managed Services 2.0 Contract.
• Executed more than 30 contractual actions, indicating strong demand.
• Expanded TM2 footprint across various sectors, including government and Fortune 1000 companies.

Negative

• None.

FAIRFAX, VA / ACCESSWIRE / March 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, today reported that the company recorded more than $10.4 million in contract awards during the fourth quarter of 2020 in addition to being awarded the U.S. Department of Homeland Security (DHS) Cellular Wireless Managed Services (CWMS) 2.0 Contract.

During the quarter, WidePoint recorded more than 30 contractual actions, including new awards, renewals, contract extensions and exercised option periods. Highlights include:

• U.S. Coast Guard
• Fortune 1000 building material products installer and distribution company
• Global leader in food and support services management
• Leading U.S. quick-service restaurant chain
• Global policy think tank
• A Virginia public school district
• One of Ireland's leading mobile operators
• Office of Biometric Identity Management (OBIM)

"In the fourth quarter of 2020, we expanded our TM2 footprint with many of our clients and in numerous industry sectors," said Jin Kang, WidePoint's CEO. "These awards, combined with our work with DHS and the U.S. Census Bureau, indicate that WidePoint's Mobility Managed Services (MMS) are increasingly being adopted as the trusted solution for managing the mobile workforce and landscape. We are already building on that position in 2021 by adding new strategic Identity Management credentialing clients. We look forward to providing additional updates on this momentum throughout the year."

About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, managed mobility services, 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/633794/WidePoint-Secures-More-than-104-Million-in-Trusted-Mobility-Management-TM2-Contracts-During-the-Fourth-Quarter-of-2020

FAQ

What were the contract awards for WidePoint in Q4 2020?

WidePoint secured over $10.4 million in contract awards during the fourth quarter of 2020.

What significant contract did WidePoint receive in 2020?

WidePoint was awarded the U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 Contract.

How many contractual actions did WidePoint execute in Q4 2020?

WidePoint executed more than 30 contractual actions in the fourth quarter of 2020.

What industries is WidePoint expanding in 2021?

WidePoint is expanding its services in various sectors including government, education, and Fortune 1000 companies.