Wireless Facilities, Inc. Awarded Enterprise Telecommunications Outsourcing Contract With a Fortune 100 Company Expected to Generate Up to $35 Million
Under the terms of the contract, WFI will furnish, install, integrate and maintain the telecommunications infrastructure at the customer's locations in Georgia and Texas. The contract also provides the opportunity for WFI to provide support at additional sites outside these specified areas for additional compensation.
WFI's Enterprise Network Services division designs, deploys, and integrates security and other in-building systems such as voice, video, and data networks for enterprise customers and public facilities such as stadiums, arenas, airports, and shopping malls. This recent wins furthers WFI's strategic goal of continuing to capture multi-site enterprise opportunities with Fortune 1000 corporations.
"This contract represents and important win for our Enterprise Network Services division as it represents a large near term revenue opportunity as well as the opportunity to potentially cross-sell additional in-building technologies such as security systems. We believe the enterprise market represents a significant opportunity for WFI and will continue to focus on building our list of large, reference accounts," said Eric M. DeMarco, President and CEO of WFI.
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.
For further information, please contact Martha Lessa, Director of Investor Relations, direct, +1-858-228-2328, or toll free, +1-877-WFI-INVS, email@example.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, firstname.lastname@example.org, both of Wireless Facilities, Inc.
SOURCE Wireless Facilities, Inc.
CONTACT: Martha Lessa, Director of Investor Relations, direct, +1-858-228-2328, or toll free, +1-877-WFI-INVS, email@example.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, firstname.lastname@example.org, both of Wireless Facilities, Inc.