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WidePoint Awarded its Fourth Task Order under the Navy Spiral 4 Contract Vehicle for the Defense Counterintelligence and Security Agency

1. WidePoint awarded a four-year contract with the DCSA for secure technology solutions. 2. Contract begins with provisioning 106 iPhones and MiFi devices for the DCSA. 3. Increased device allocations in subsequent option periods ensure reliable connectivity. 4. CEO emphasizes competitive strides under the Navy Spiral 4 contract. 5. WidePoint positioned for future contract opportunities in federal technology arena.

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FAQ

Why Bullish?

The contract with DCSA signals revenue stability and potential growth, akin to previous federal contract wins that boosted share prices for related companies.

How important is it?

The awarded contract significantly impacts revenue and market perception, critical for investor interest.

Why Long Term?

Ongoing federal contracts can enhance WidePoint's reputation and lead to expanded business opportunities over time, similar to patterns observed in companies with repeated government contracts.

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WidePoint Corporation (NYSE American:WYY), a leading provider of trusted identity, data, and cybersecurity solutions, is pleased to announce that it has been awarded a four-year contract, with a one-year base period and three one-year option periods. The contract was awarded under the Navy Spiral 4 Contract vehicle, positioning WidePoint as a trusted partner to the Defense Counterintelligence and Security Agency (DCSA).Jin Kang, CEO of WidePoint, stated, "The Defense Counterintelligence and Security Agency's recognition of WidePoint's comprehensive value underscores our commitment to delivering innovative and dependable solutions to support our country's national security."The DCSA is the largest security agency in the federal government dedicated to protecting America's trusted workforce and trusted workspaces. WidePoint will support DCSA with secure communication and device management solutions, beginning with the provisioning of 106 iPhones and MiFi devices in the base period. The subsequent option periods will see increased device allocations, with first Option Period One covering 146 iPhones and MiFi devices, Option Period Two covering 179 iPhones and MiFi devices, and Option Period Three providing 210 iPhones and MiFi devices, ensuring the agency's operational needs are met through secure, reliable connectivity.Kang added, "WidePoint continues to make significant strides under the Navy Spiral 4 contract, chipping away at our competitors as our proven performance builds a stronger foothold. With our expanded past performance, additional contract opportunities are likely to follow as we establish a more competitive position in this arena."This partnership highlights WidePoint's ongoing dedication to serving the federal government with tailored technology solutions that enhance security and efficiency.About WidePointWidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS). To learn more, visit https://www.widepoint.com.WidePoint Investor Relations:Gateway Group, Inc.Matt Glover or John Yi949-574-3860[email protected]SOURCE: WidePoint Corporation

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