Wireless Facilities, Inc. Awarded Integrated Security System Contract By National Financial Institution
Wireless Facilities, Inc. Awarded Integrated Security System Contract By National Financial Institution
April 14, 2004 at 12:00 AM EDT
Wireless Facilities, Inc. Awarded Integrated Security System Contract By National Financial InstitutionSAN DIEGO, April 14 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII) today announced that its Enterprise Network Services division has been awarded a systems integration contract for a national financial institution that is expected to generate approximately $5 million over the next 18 months.
Under the terms of the contract, WFI will install and integrate a comprehensive security and building management system that will combine new closed circuit television, digital recording, access control, intercom, x-ray, metal detection and HVAC management technology under one common control platform. "This project allows WFI to showcase our understanding of the opportunity to fully integrate multiple in-building technologies and operate them off a single converged platform, providing significant cost savings to the end-user," said Eric DeMarco, President and CEO of WFI. "We look forward to continuing to further our reputation as a premier provider of integrated in-building network solutions."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of outsourced communications and security systems engineering and integration services and other technical services for the wireless communications industry, the US government, and enterprise customers. The principal services we provide include the design, deployment, integration, and the overall management of wireless communications networks. We also provide communications systems engineering, systems integration, and the outsourcing of technical services such as operational test and evaluation and program management for the federal government and the design, deployment, and integration of security and other in-building systems including access control and intrusion detection for enterprise customers. The Company has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements; the adoption rate of new wireless data services; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
Investor/Media Contact:
Martha Lessa
Director of Investor Relations
Wireless Facilities, Inc.
858.228.2328 Direct
877-WFI-INVS Toll Free
martha.lessa@wfinet.com
Rochelle Bold
Senior VP of Corporate Development and
Strategic Planning
Wireless Facilities, Inc.
858.228.2649 Direct
rochelle.bold@wfinet.com
Under the terms of the contract, WFI will install and integrate a comprehensive security and building management system that will combine new closed circuit television, digital recording, access control, intercom, x-ray, metal detection and HVAC management technology under one common control platform. "This project allows WFI to showcase our understanding of the opportunity to fully integrate multiple in-building technologies and operate them off a single converged platform, providing significant cost savings to the end-user," said Eric DeMarco, President and CEO of WFI. "We look forward to continuing to further our reputation as a premier provider of integrated in-building network solutions."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of outsourced communications and security systems engineering and integration services and other technical services for the wireless communications industry, the US government, and enterprise customers. The principal services we provide include the design, deployment, integration, and the overall management of wireless communications networks. We also provide communications systems engineering, systems integration, and the outsourcing of technical services such as operational test and evaluation and program management for the federal government and the design, deployment, and integration of security and other in-building systems including access control and intrusion detection for enterprise customers. The Company has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements; the adoption rate of new wireless data services; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
Investor/Media Contact:
Martha Lessa
Director of Investor Relations
Wireless Facilities, Inc.
858.228.2328 Direct
877-WFI-INVS Toll Free
martha.lessa@wfinet.com
Rochelle Bold
Senior VP of Corporate Development and
Strategic Planning
Wireless Facilities, Inc.
858.228.2649 Direct
rochelle.bold@wfinet.com