Blog Exposure - WidePoint Reported Section 508 Recertification for Telecom Lifecycle Management Platform
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LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want access to our free research report on WidePoint Corp. (NYSE: WYY), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WYY as the Company's latest news hit the wire. On May 16, 2018, the Company announced that the US Customs and Border Protection (CBP) has issued Section 508 recertification for WidePoint's proprietary Telecom Lifecycle Management Platform, ITMS™. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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WidePoint Committed to Ensuring that its IT Solutions Meet Federal Requirements for Accessibility
Commenting on the announcement, Todd Dzyak, President and Chief Executive Officer of WidePoint Integrated Solutions Corporation and WidePoint Solutions Corporation, stated that the Company is committed to ensuring that its IT solutions meet federal requirements for accessibility. Todd added that ITMS™ supports the management of mobile, IoT resources, and enterprise wireline, with more than 1,000 customizable settings.
Section 508 Certification is Another Core Differentiator that Makes ITMS™ the Leading Telecom Management Platform
Jin Kang, President and Chief Executive Officer of WidePoint, stated that ITMS™ is the anchor of WidePoint's TM2 - Trusted Mobility Management - Framework, offering the functionality and customization sought by government and commercial enterprises demanding accessibility, increased usage visibility, accurate inventory management and enhanced data security.
Jin added that section 508 certification is another core differentiator that makes ITMS™ the leading telecom management platform in the public sector. This certification further supports WidePoint's expansion into IoT management and Device-as-a-Service (DaaS) opportunities.
WidePoint Reported First Quarter 2018 Results
On May 14, 2018, the Company announced financial results for the first quarter ended March 31, 2018 (Q1 FY18). WidePoint witnessed one of the strongest quarters since 2016, bolstered in part by a large, new award from US Armed Forces valued at more than $1.8 million. The Company's revenue grew 8% to $20.1 million in Q1 FY18. Operating expenses declined 13% to $4.0 million, and net loss reduced to $0.5 million from $1.2 million. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $0.1 million in Q1 FY18 compared to ($0.7) million in Q1 FY17.
Section 508 of the US Rehabilitation Act
Section 508, an amendment to the United States Workforce Rehabilitation Act of 1973, is a federal law mandating that all electronic and information technology developed, procured, maintained, or used by the federal government be accessible to people with disabilities. To demonstrate that a product or Web service is in compliance with Section 508, the creator completes a Voluntary Product Accessibility Template (VPAT), an "informational tool" that describes exactly how the product or service does or does not meet Section 508 standards. The completed VPAT gets posted on the creator's Web site to provide government officials and consumers with access to the information.
About WidePoint TLM Solutions
Anchored by ITMS™, WidePoint TLM solutions are customized and can range from telecom invoice auditing and rate plan optimization to fully managed services. WidePoint mobile TLM solutions span device and service lifecycle management, from procurement through device recycling and service termination. WidePoint wireline TLM solutions encompass telecom circuits and service management.
About WidePoint Corp.
Founded in 2004 and headquartered in McLean, Virginia, WidePoint is the leading provider of certificate-based security solutions and mobile telecom expense management systems to the federal government. The Company provides an end-to-end suite of recurring revenue products and services targeting unexploited multi-billion-dollar markets.
Stock Performance Snapshot
May 17, 2018 - At Thursday's closing bell, WidePoint's stock rose 3.63%, ending the trading session at $0.50.
Volume traded for the day: 109.36 thousand shares.
Stock performance in the previous three-month period – up 5.24%; and past twelve-month period – up 19.28%
After yesterday's close, WidePoint's market cap was at $42.54 million.
The stock is part of the Technology sector, categorized under the Information Technology Services industry.
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