$5.4 Million in New Projects Awarded to WPCS
WPCS International Incorporated (NASDAQ: WPCS), a leader in design-build engineering services for communications infrastructure, has announced that it has received approximately $5.4 million in new contracts.
The new contracts include projects to be completed for Sutter Health, Convergint Technologies, Honeywell, ATS, California Pacific Medical Center, Holaday Parks and Siemens. In Australia, new contracts were awarded for Mackay Depot, Maroochydore Water, Southside Memorial, Springfield Central Station and the Roma Government Offices. WPCS was also awarded new contracts in China from Feicheng Natural Gas, Taigang Natural Gas and Hebei Oil Construction Company.
Joseph Heater, CFO of WPCS, commented, "In these past few months, we were able to generate a good level of bid activity some of which translated to new projects being awarded. WPCS continues to build on its reputation in providing the highest quality of engineering services. We remain encouraged about the future and our ability to convert additional bids to backlog in the quarters ahead."
About WPCS International Incorporated:
WPCS is a design-build engineering company that focuses on the implementation requirements of communications infrastructure. The company provides its engineering capabilities including wireless communications, specialty construction and electrical power to the public services, healthcare, energy and corporate enterprise markets worldwide. For more information, please visit www.wpcs.com
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.
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