WFI Government Services, Inc. Awarded Subcontract From SAIC for Navy Automatic Identification Technology
SAN DIEGO, Oct 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII), a global leader in the design, deployment, and management of wireless communication networks, technology networks and security systems, announced today that it has been selected as a subcontractor to Science Applications International Corporation (SAIC) to provide program management and engineering and technical services in support of their recently awarded $104.5 million Navy Automatic Identification Technology (AIT) Program Office contract. As part of the contract with SAIC, WFI will provide expertise in logistics, RFID, and Unique Identification Labeling solutions to ensure compliance with in-transit and total asset tracking. The award is for a one-year base period with four additional one-year options.
"As a leading global RF engineering company, we have a well established team of engineers, AIT technicians and logisticians that deliver leading-edge solutions to our customers," said Eric DeMarco, WFI's President and CEO. "Operational excellence in supply chain management for tracking and protecting valuable assets is becoming an increasingly critical function within the DoD. It is an ideal alliance when two leaders leverage their expertise to provide best-value solutions. We are pleased that SAIC has chosen us as their technology teammates, providing another opportunity for us to expand our service offerings with the U.S. Navy."
Automatic Identification Technology was put into affect by the DoD to improve the timeliness and accuracy of asset visibility, whether in process, in storage, or in-transit. AIT consists of a selection of asset tracking and supply chain technologies and processes, including bar coding technology, Active and Passive RFID technology, Smart Cards technology, Contact Memory Buttons, and Unique Identification technology to reduce logistics processing and provide the ability to identify, track, and control the deployment of personnel and material in real time.
WFI Government Services, Inc. is a wholly-owned subsidiary of the Company, with offices and project locations throughout the United States. Areas of expertise in this division of the Company include technical resources consulting, logistics and RFID solutions, homeland security and public safety applications and communications technology services.
About SAIC
SAIC is the largest employee-owned research and engineering company in the United States, with annual revenues of $7.2 billion and more than 43,000 employees in over 150 cities worldwide. SAIC engineers and scientists solve complex technical problems in national security, homeland security, energy, the environment, space, telecommunications, health care, and logistics. SAIC: FROM SCIENCE TO SOLUTIONS(TM)
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, both of Wireless Facilities, Inc.
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