StockNews.AI
WYY
StockNews.AI
22 days

WidePoint Awarded New MobileAnchor Contract by an Agency Under the U.S. Department of Energy

1. WYY secures a contract with the U.S. Department of Energy. 2. The agreement enables secure mobile authentication via MobileAnchor® platform. 3. WYY's technology complies with FIPS 201 and NIST SP 800-157 guidelines. 4. MobileAnchor® supports legacy systems without infrastructure upgrades. 5. WYY is positioned as a trusted provider for federal agency solutions.

4m saved
Insight
Article

FAQ

Why Bullish?

The contract enhances WidePoint's revenue potential and validates its technology, similar to past contracts resulting in stock price upticks.

How important is it?

The contract signifies a strategic win, enhancing WYY's market position and likely appealing to investors.

Why Short Term?

Immediate revenue from the contract can influence near-term stock performance, akin to the recent contracts boosting share prices.

Related Companies

SAICCGCLMT
WidePoint Corporation (NYSE American:WYY), a leading provider of trusted identity, data, and cybersecurity solutions, today announced a new contract award by an agency under the U.S. Department of Energy to deliver secure mobile authentication using WidePoint's proprietary MobileAnchor® platform.Under the one-year agreement, WidePoint will provide Derived Credentials on mobile devices, enabling agency personnel to securely authenticate to federal systems and applications in full compliance with FIPS 201 and NIST SP 800-157 guidelines. This mobile-first approach enables users to authenticate using their smartphone instead of physical smart cards, supporting the agency's strategy for secure mobility.Jin Kang, CEO of WidePoint, stated, "This is another new customer to adopt the WidePoint MobileAnchor® solution, underscoring the clear market adoption of derived credentialing on smartphones across federal agencies. It's a strong validation of our mobile-first approach to secure identity and demonstrates the growing trust in our technology."For legacy systems or applications that are unable to directly accept digital certificates from mobile devices, WidePoint's MobileAnchor® can also authenticate to a proxy server. The proxy server acts as an intermediary, allowing older systems to leverage WidePoint's modern credentialing solution while maintaining security. This method provides a seamless way for organizations to use MobileAnchor® without needing to replace or overhaul existing infrastructure.Jason Holloway, WidePoint's Chief Revenue Officer, stated: "WidePoint's MobileAnchor® is a game-changer in making secure, mobile-first authentication accessible to legacy systems. This ability to authenticate through a proxy server is a powerful way to bridge the gap between modern identity management and older systems, enabling organizations to strengthen security without significant infrastructure upgrades."Kang added, "This contract further strengthens WidePoint's position as a trusted provider of scalable, secure identity solutions for federal agencies seeking to modernize access controls while maintaining compliance and operational 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

Related News