WidePoint's iSYS Awarded Second Task Order Under FSSI TEM Contract for DHS Customs and Border Protection: DoD’s WHS Renews and Expands Order With iSYS
New Orders Add $4 Million in Revenue; iSYS Orders Generating Nearly $30 Million Since April
WASHINGTON, D.C., -- WidePoint Corporation (AMEX: WYY), a leading provider of advanced information technology, identity assurance and protection and mobile telecom management services (MTEM), announced today that its subsidiary, iSYS, has been awarded a second task order by the General Services Administration's (GSA) under the Federal Strategic Sourcing Initiative (FSSI) for Telecommunications Expense Management (TEM) for the Department of Homeland Security’s (DHS) Customs and Border Protection Agency. This task order represents approximately 16,000 additional units under management. This task order was the second MTEM order under FSSI TEM. Both have gone to iSYS.
The company also announced that the Washington Headquarters Services (WHS), a Department of Defense (DoD) agency providing services for DoD agencies has elected to renew its agreement with iSYS for another year beginning October 1, 2008 and is expanding the scope of its work with iSYS.
The two new awards represent a minimum of $4 million of incremental revenue over the next four quarters. Since April, iSYS has received orders worth nearly $30 million.
iSYS President Jin Kang said, “iSYS is the largest provider of MTEM services to the federal government. The use of MTEM services, which can save agencies millions of dollars a year, is still in its very early stages. So far 14 government agencies have indicated their intention to use MTEM services under the GSA’s FSSI contract. We have every reason to believe that MTEM adoption will be government wide in the next few years.
“In the last few months, we have demonstrated our commitment and ability to provide outstanding service that enhances the efficiencies and management of government agencies. As a result we are gaining new contracts. Not only were we recently awarded the first task order under the FSSI TEM contract for CDC, but we now have received a second task order for DHS’s CBP. We are proud of the accelerating traction we are achieving and we hope to continue this trend as we actively pursue contracts across all federal agencies and departments.”
iSYS' Recent Award Record:
• April 23, 2008. iSYS awarded three contracts by Department of Homeland Security (DHS), Washington Headquarters Services (WHS), an agency of the Department of Defense (DoD) that provides services for DoD agencies and organizations, and the Transportation Security Administration (TSA). Contracts expected to generate more than $7 million of incremental recurring revenue over following 12 months.
• May 14, 2008. iSYS' DHS Wireless telecommunications contract modified to generate additional $2.2 million for the year.
• July 7, 2008. iSYS' TSA contract modified to expand existing TEMS contract with TSA, adding approximately $6.3 million to the value of the contract, which runs until September 30, 2009.
• August 7, 2008. iSYS expanded its contract to support the DoD’s Washington Headquarters Services and the Office of the Secretary of Defense. The new Task Order was fully funded at $1.9 million. iSYS also received a modification that added $575,000 to expand its existing MTMS Task Order in support of WHS.
• August 20, 2008. iSYS awarded several new task orders from DoD’s Washington Headquarters Services (WHS) and modification to its contract with TSA totaling approximately $2.5 million.
• September 8, 2008. iSYS awarded first task order under FSSI TEM contract with HHS Center for Disease Control and Prevention (CDC) for $3.5 million. Further expands TSA contract for an additional $1.5 million.
• October 2, 2008. iSYS awarded second task order under FSSI TEM contract for DHS Customs and Border Protection. In addition, WHS renews agreement with iSYS for another year beginning October 1, 2008 and expands scope of work with iSYS. The two awards represent $4 million over the next 12 months.
WidePoint is a leading provider of advanced information technology products and services including identity management and information assurance and protection services, forensic informatics and wireless technology services. WidePoint has several wholly owned subsidiaries holding major contracts, Operational Research Consultants, Inc. (ORC), iSYS, LLC, Protexx, Inc. and WidePoint IL. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit www.widepoint.com.
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