Low Floater 3.5M sh. Earnings may exceed .50 in FY '05.
EXTON, Pa., June 7 /PRNewswire-FirstCall/ -- WPCS International Incorporated (NASDAQ:WPCS), a leader in wireless engineering services, has announced that through its WPCS/Heinz subsidiary, it has been selected as the design consultant for a wireless distribution system for the new 7 World Trade Center Building. WPCS/Heinz will be working as a consultant for Silverstein Properties (http://www.silversteinproperties.com), one of the most respected real estate developers in New York City and under the direction of Jaros, Baum & Bolles (http://www.jbb.com) the internationally known mechanical/electrical consulting engineering firm. The design will be to equip the new structure with an in-building wireless antenna system that will be used to support emergency radio communications on a multi-agency platform. These agencies include the Port Authority of New York and New Jersey, the New York City Fire Department, the New York City Police Department, Emergency Management Services and Silverstein Properties. In addition, the system will be designed to mitigate the radio interference issues experienced during the September 11, 2001 emergency.
7 World Trade Center heralds the spirit of redevelopment and renewal in Lower Manhattan and marks the gateway to the new World Trade Center. Designed by David Childs of Skidmore, Owings & Merrill, the building is a pioneer in environmental responsibility, energy efficiency and quality of life. The building will include enhanced safety features such as fireproofing material that is twice as durable as currently required. Also, there will be reinforced concrete walls that will protect the building's core, wider stairs for quicker evacuation and an advanced wireless distribution system. Larry Silverstein, President & CEO of Silverstein Properties, told The New York Times in January of 2003 that the new 7 World Trade Center will be the safest building in the city. Jack Klein, Vice President of Construction for Silverstein Properties, commented, "Through the selection process, we found WPCS to be the vendor of choice due to their experience and wireless engineering capabilities."
Richard Fann, Vice President of Operations for WPCS/Heinz, commented, "We are very pleased to be selected for such a highly visible project. The performance of the communication system for the new 7 World Trade Center project is of significant importance and must be designed and deployed with precision. Our company will create the performance specifications that will meet the multi-agency requirements on a single system infrastructure and we will select the best of breed equipment for this project."
About WPCS International Incorporated:
WPCS International Incorporated is an engineering company that focuses on the implementation requirements of wireless technology and specialty communications systems. The company provides a range of services including site design, product integration, security, structured cabling, construction and project management. The company has an extensive customer base that includes many major corporations, government entities and educational institutions. For more information, please visit our website at 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" and are made pursuant to 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.
Contact:
Carol Lindley / Investor Relations
WPCS International Incorporated
610-903-0400 x100
ir@wpcs.com
WPCS International Incorporated
Web site: silversteinproperties |
