WPCS Announces $1.1 Million New Contract Signings in January
WPCS INTL (WPCS)
US:NASDAQ Investor Relations:
wpcsir.com
Company Research
Source: Marketwire
SUISUN, CA -- (Marketwired) -- 02/28/17 -- 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 $1.1 million new contract signings in January 2017. Sebastian Giordano, Chief Executive Officer of WPCS, commented, "Our current backlog remains steady at approximately $17.1 million, the Company's highest levels since July 31, 2014 and which demonstrates strong potential future revenue as we head into the latter part of fiscal 2017. The predominant sources of January's new contract signings, included: $700,000 for an audio-visual contract with an educational institution; and, $100,000 for a structured cabling project with an existing biotech customer. Moreover, our new security products division generated approximately $75,000 in sales in January, its highest
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