WFI Government Services, Inc. Awarded Prime Contract for U.S. Navy's Seaport Enhanced Program
SAN DIEGO, July 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- Wireless Facilities, Inc. (Nasdaq: WFII) (WFI), a global leader in the design, deployment, and management of wireless communication networks, technology networks and security systems, announced today that it was one of the companies awarded an ID/IQ prime contract vehicle under the Naval Virtual SYSCOM Commanders' SeaPort Enhanced program. Under this contract vehicle, WFI can provide a range of support services, including network engineering, integration, installation, deployment, and program management throughout the U.S. Navy. The award is for a four year base period with one five-year award term and one additional one-year term.
"The Seaport-e contract vehicle is a significant award for the company, and an important step in expanding our government division's service offerings to the DoD," said Eric DeMarco, President and CEO of WFI. "We continue to gain traction within the Government vertical, and this contact illustrates our growing momentum."
"As the Navy continues to streamline its processes for improved operations, WFI looks forward to providing additional innovative networking solutions to meet these requirements," stated Steven Roth, President of WFI Government Services, Inc. "It is our goal to further strengthen this successful relationship with the Navy and all areas of the DoD, as a valuable technology partner and as a leader in providing top quality systems integrations and networking services."
The Seaport Enhanced (Seaport-e) contract was designed by the Navy Virtual SYSCOM Commanders, which include NAVAIR, NAVSEA, NAVSUP and SPAWAR, to provide electronic procurement of engineering, technical, and program support services for cost-effective and integrated business practices to better support a comprehensive list of Naval and related operations, including the Military Sealift Command, Strategic Systems Programs, and the United States Marine Corps. Under this procurement program, the U.S. Navy is awarding ID/IQ (indefinite-delivery, indefinite-quantity) multiple award contracts (MACs) to numerous contractors with an estimated maximum of $5.3 billion of services to be procured each year.
WFI Government Services, Inc. is a wholly-owned subsidiary of the Company, with offices and project locations throughout the United States. Areas of expertise include technical resources consulting, logistics and RFID solutions, homeland security and public safety applications and communications technology services.
About WFI
Headquartered in San Diego, CA, WFI is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com. (code: WFI-mb)
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed 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, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company's effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; 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 31, 2005 and in other filings made with the Securities and Exchange Commission.
Media Contact: Michael Baehr VP of Communications Wireless Facilities, Inc. 858.228.2799 Direct michael.baehr@wfinet.com Investor Contact: Rochelle Bold Senior VP of Corporate Development & Investor Relations Wireless Facilities, Inc. 858.228.2649 Direct rochelle.bold@wfinet.com
SOURCE Wireless Facilities, Inc.
Media, Michael Baehr, VP of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or Investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, bot of Wireless Facilities, Inc.
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