DALLAS, Dec. 9, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring RELM Wireless Corp. (AMEX:RWC). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/RWC
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RELM Wireless Corp. (RWC) designs, manufactures and markets wireless communications products. The Company designs and manufactures two-way land mobile radios, repeaters, base stations, and related components and subsystems. The Company offers products under three brand names: BK Radio, RELM/BK and RWC. BK Radio-branded products serve the government and public safety market, while RELM-branded products serve the business and industrial market. RELM/BK-branded products serve both of these markets. BK Radio-branded products consist of high-specification land-mobile radio equipment for professional radio users primarily in government and public safety applications.
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In the report, the analyst notes:
"For the quarter ended September 30, 2009, sales increased $2.5 million (43.2%) to approximately $8.3 million, compared with $5.8 million for the same quarter last year. Pretax income for the quarter increased 265.0%, or $1.1 million, to $1.5 million compared with $0.4 million for the same quarter last year. Net income for the third quarter 2009 approximated $0.9 million, or $0.07 per diluted share, compared with $0.3 million, or $0.02 per share, for the prior year's third quarter.
"RWC announced in early November that it has been awarded orders totaling approximately $700,000 from the U.S. Department of Defense (DoD). These orders are for the Company's new digital P25 100-watt repeaters, KNG portable radios and accessories. It is anticipated that the orders will be fulfilled during the fourth quarter of 2009. APCO Project 25 (P25), which requires interoperability among compliant equipment regardless of the manufacturer, was established by the Association of Public-Safety Communications Officials and is approved by the U.S. Department of Homeland Security. The shift toward interoperability gained momentum as a result of significant communications failures during events such as the 9/11 attacks and Hurricane Katrina. RWC was one of the first manufacturers to develop P25-compliant technology."
To read the entire report visit: http://www.stockpreacher.com/n/RWC
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