WPCS Signs $1.5 Million New Contract Signings in December, Increasing Backlog 31.3% to $17.3 Million since April 30, 2016
WPCS INTL (WPCS)
US:NASDAQ Investor Relations:
wpcsir.com
Company Research
Source: Marketwire
SUISUN, CA -- (Marketwired) -- 01/17/17 -- 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 $1.5 million new contracts signings in December 2016. Since April 30, 2016, the end of the Company's last fiscal year, backlog has increased 31.3% to $17.3 million as of December 31, 2016. Sebastian Giordano, Chief Executive Officer of WPCS, commented, "Long-standing relationships with current customers and change orders on existing projects continue to fuel steady growth in our business and were the predominant sources of December's new contract signings, including: $715,000 for wireless remediation cabling at a top medical center; and, $205,000 for running cable for a paging and security system at a major hospital. We believe that our growing backlog, the Comp
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