WPCS Int'l (WPCS) Announces $3.8M in of New Contracts in August

September 20, 2016 9:24 AM EDT

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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 that it added $3.8 million of new contracts in August 2016.

According to Sebastian Giordano, CEO of WPCS, "During July, our opportunity pipeline increased 53.6% from the prior month, driven by a series of new organic growth initiatives launched last fiscal year. Early indications demonstrated that such initiatives were, in fact, creating new business opportunities for us, as we announced in August that 33% of the $2.7 million in new contracts awarded WPCS during the first quarter of fiscal 2017 were as a direct result of these efforts. Now, we start Q2 with our single, largest new contract-signing month in nearly a year and a half, including:

  • $2.2 million for distributed antenna systems for two major hospitals;
  • $980k for audio-visual (AV) work for a large hospital; and,
  • $350k for the installation of a paging and AV system for a major sports arena.

Our business development and operations team is doing an outstanding job in sourcing and securing new opportunities, expertly leveraging our outstanding reputation, long-standing customer relationships and expanded service offerings."

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