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WidePoint Secures More than $16.8 Million in Identity Management and Managed Mobility Services Contracts During the Third Quarter of 2021

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WidePoint Corporation (NYSE American:WYY) reported contract awards exceeding $16.8 million in Q3 2021, highlighting significant growth opportunities in its core services: Identity Management and Telecommunications Lifecycle Management.

Key contracts include IdM solutions for the District of Columbia and a major public university, alongside TLM contracts for a global automotive manufacturer and a Fortune 500 insurance provider. U.S. Citizenship and Immigration Services transitioned to the DHS CWMS 2.0 contract, with options extending through 2026, indicating strong demand for WidePoint's services.

Positive
  • Secured over $16.8 million in contracts during Q3 2021.
  • Multiple contracts awarded, including IdM for government and educational institutions.
  • Expansion of the DHS CWMS 2.0 contract, indicating robust government interest.
  • 42 contractual actions, showcasing strong business activity and demand.
Negative
  • None.

FAIRFAX, VA / ACCESSWIRE / October 12, 2021 / WidePoint Corporation (NYSE American:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, today reported that itwas awarded more than $16.8 million in contract awards during the third quarter of 2021.

Highlights include:

  • IdM credentials for a District of Columbia government branch
  • IdM credentials for a major public research university
  • MMS for a major airline
  • TLM for a global automotive manufacturer
  • TLM for a Fortune 500 insurance provider

Expansion of WidePoint's DHS CWMS 2.0 IDIQ contract occurred with additional funding awarded by numerous components' existing Task Orders, which included:

  • U.S. Department of Homeland Security (DHS) Headquarters
  • Transportation Security Administration (TSA)
  • U.S. Customs and Border Protection (CBP)
  • U.S. Immigration and Customs Enforcement (ICE)
  • The U.S. Coast Guard
  • The Federal Protective Service
  • Federal Law Enforcement Training Centers

U.S. Citizenship and Immigration Services (USCSIS) also transitioned to the DHS CWMS 2.0 contract vehicle during the quarter. This Task Order has option years running through 2026.

Jin Kang, WidePoint's CEO, stated: "WidePoint saw 42 contractual actions in the third quarter of 2021 including new awards, renewals, contract extensions and exercised option periods for our TM2 Identity Management and Managed Mobility Services (MMS) solutions. The quarter also reinforced that enterprises, government and commercial, are recognizing that WidePoint's IdM solutions deliver the enhanced security necessary to thwart data breaches and ransomware attacks. All in all, we are excited by how DHS components are adopting the CWMS 2.0 IDIQ contract and how it expands our ability to support these organizations, including our managed services solutions from WidePoint's new subsidiary, IT Authorities."

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 John Yi
949-574-3860
WYY@gatewayir.com

SOURCE: WidePoint Corporation



View source version on accesswire.com:
https://www.accesswire.com/667677/WidePoint-Secures-More-than-168-Million-in-Identity-Management-and-Managed-Mobility-Services-Contracts-During-the-Third-Quarter-of-2021

FAQ

What were WidePoint Corporation's contract awards in Q3 2021?

WidePoint Corporation secured over $16.8 million in contract awards during Q3 2021.

Which sectors did WidePoint win contracts for in Q3 2021?

WidePoint received contracts from government, education, aviation, and automotive sectors.

What is the significance of the DHS CWMS 2.0 contract for WidePoint?

The DHS CWMS 2.0 contract expansion indicates strong demand for WidePoint's services, with options extending through 2026.

How many contractual actions did WidePoint report in Q3 2021?

WidePoint reported 42 contractual actions, including new awards, renewals, and extensions.

Which government agencies are involved in WidePoint's contract awards?

Contract awards included agencies such as the DHS, TSA, CBP, ICE, and the U.S. Coast Guard.

WidePoint Corporation

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