EXTON, PA--(Marketwire - Nov 26, 2012) - WPCS International Incorporated (NASDAQ: WPCS), a leader in design-build engineering services for communications infrastructure, has announced that it has received approximately $5.6 million in new contracts.
The new contracts include projects to be completed for Del Monte, University of California Davis, Sutter Health, Simplex, ATS, Trane, Siemens, Honeywell, Patterson High School and Mission College. In Australia, new contracts were awarded for Coomera East Secondary School, Mackay Courthouse, Nambour General Hospital, QCH Foundation, Fraser Island Parks and Wildlife and Cannon Hill State School. WPCS was also awarded a new contract from Sichuan Oil and Gas Construction in China.
Myron Polulak, Executive Vice President of WPCS, commented, "The new bid activity and the conversion of some of these bids to backlog is helping WPCS improve its financial performance. We are encouraged with the level of activity especially in the healthcare and public services markets. The company is continuing to focus on projects that can generate better margins. The management team remains optimistic as we focus on achieving our goals this fiscal year."
About WPCS International Incorporated:
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. For more information, please visit www.wpcs.com
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.