Wireless Facilities, Inc. Awarded Contract From National Wireless Carrier With Approximate Total Value of $4 Million
NEW ORLEANS, March 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- San Diego-based 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 the Company has been awarded a contract from a major national wireless carrier to provide turnkey site identification and installation and commissioning of new cell sites. The work will be awarded in phases, and the first phase of approximately $2.5 million will commence immediately, with subsequent phases expected to set the total contract value to at least $4 million. The project is scheduled for completion by the end of 2005.
According to the terms of the agreement, WFI will perform deployment services in the Southeastern U.S. Additionally, WFI will conduct testing, integration and the installation of E-9ll equipment. Further terms of the agreement were not disclosed.
"WFI has had a long history in this region as a strategic partner for networking services. These new orders from one of our long standing customers serve to underscore our continued growth," stated Eric DeMarco, President and Chief Executive Officer of WFI. "Demand for high-quality, cost-effective networks are of top priority for this customer. This award confirms WFI's reliability as the partner of choice for ensuring the highest level of network reliability."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. 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; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; 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/A filed on September 20, 2004 and in other filings made with the Securities and Exchange Commission.
For further information, please contact: Media, Michael Baehr, Director 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.
SOURCE Wireless Facilities, Inc.
Media, Michael Baehr, Director 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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