There were 1,465 press releases posted in the last 24 hours and 465,977 in the last 365 days.

WPCS Announces $2.6 Million in New Contracts During November

/EINPresswire.com/ -- Backlog as of October 31, 2016 totaled $17.0 Million, an increase of 29% as compared to April 30, 2016

SUISUN, CA--(Marketwired - Dec 6, 2016) - WPCS International Incorporated (NASDAQ: WPCS), a full-service low-voltage solutions provider in the business of developing, installing and servicing integrated structured cabling, audio-visual and security systems, today announced $2.6 million in new contracts during November 2016.

According to Sebastian Giordano, Chief Executive Officer of WPCS, "With these new contracts, we continue to demonstrate consistent growth in our business. Our final total backlog as of the second quarter ended October 31, 2016 was $17.0 million, an increase of approximately 29% as compared to $13.2 million as of our fiscal year end April 30, 2016."

The two most significant contracts secured in November included:

  • $1.46 million audio-visual equipment and integration project related to scheduling boards that serve eleven San Francisco transportation systems; and,

  • $480,000 sole source contract with the Department of Public Health & Department of Public Works allowing WPCS to do business directly with the City of San Francisco.

ABOUT WPCS INTERNATIONAL INCORPORATED

WPCS is a full-service, low-voltage solutions provider, installing and servicing integrated structured cabling, audio-visual and security systems for public services, healthcare, energy and corporate enterprise markets in the United States. The Company delivers end-to-end solutions, superior project management and best-in-class products and technology in California and Texas. For more information about WPCS, please visit www.wpcs.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements with respect to the Company's future growth opportunities and strategic plan. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

COMPANY CONTACT

Mr. David Allen
Chief Financial Officer
WPCS International Incorporated
Phone: 707.759.6008
Email: Email Contact

INVESTOR CONTACT

Mr. Valter Pinto
Partner
Capital Markets Group, LLC
Phone: 914.669.0222 x201
Email: Email Contact
www.CapMarketsGroup.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.