WPCS International Wins $7 Million Of New Projects, Cites Stimulus
Company executive Donald Walker said, "Since the legislation of the federal stimulus package, we are beginning to see an increase in bid solicitations for infrastructure work in the public services, healthcare and energy segments of our business."
The new contracts include projects for hospitals, California State University Sacramento, AT&T, Clipper Windpower, and the Port Authority of New York and New Jersey, among others.
Walker added, "We believe the increase in bid activity will give us an opportunity to build our backlog."
Exton, Pennsylvania-based WPCS is a design-build engineering company that focuses on the implementation requirements of communications infrastructure. The company provides its engineering capabilities including wireless communication, specialty construction and electrical power to the public services, healthcare, energy and corporate enterprise markets worldwide.
The company's stock was trading at around $1.95 at noon ET on March 31, up 4.84%. It has traded between $1.32 and $7.60 over the past 52 weeks.
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