Exhibit
99.1
Company Contact:
RELM Wireless Corporation
William P. Kelly, EVP & CFO
(321) 984-1414
RELM Wireless Declares Quarterly Dividend of $0.09 per
Share
WEST MELBOURNE, FL, December 7, 2016
– RELM Wireless Corporation (NYSE MKT: RWC), today announced
that on December 7, 2016, the Board of Directors of the Company
approved a quarterly dividend of $0.09 per share of the Company's
common stock, payable on January 13, 2017 to shareholders of record
of RELM's common stock as of the close of business on January 3,
2017.
RELM
Chairman of the Board, Timothy O’Neil commented, “We
are pleased to announce the continuation of our capital return
program with the third consecutive quarterly dividend. Implemented
and announced earlier this year, the program also includes a stock
repurchase program, which has been ongoing since its inception. We
are very pleased with the progress at the Company and look forward
to enhancing shareholder value in the months and years to
come.”
About RELM Wireless
As an
American
Manufacturer for almost 70 years, RELM Wireless Corporation
has produced high-specification two-way communications equipment of
unsurpassed reliability and value for use by public safety
professionals and government agencies, as well as radios for use in
a wide range of commercial and industrial applications. Advances
include a broad new line of leading digital two-way radios
compliant with APCO Project 25 specifications. RELM’s
products are manufactured and distributed worldwide under BK Radio
and RELM brand names. The Company maintains its headquarters in
West Melbourne, Florida and can be contacted through its web site
at www.relm.com or directly at 1-800-821-2900. The Company’s
common stock trades on the NYSE MKT market under the symbol
“RWC”.
Forward-Looking Statements
This press release contains certain forward-looking statements that
are made pursuant to the “Safe Harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements concern the Company’s operations,
economic performance and financial condition and are based largely
on the Company’s beliefs and expectations. These statements
involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors and risks
include, among others, the following: changes or advances in
technology; the success of our LMR product line; competition in the
land mobile radio industry; general economic and business
conditions, including federal, state and local government budget
deficits and spending limitations; the availability, terms and
deployment of capital; reliance on contract manufacturers and
suppliers; heavy reliance on sales to agencies of the U.S.
government; our ability to utilize deferred tax assets; retention
of executive officers and key personnel; our ability to manage our
growth; our ability to identify potential candidates for, and
consummate, acquisition or investment transactions, and risks
incumbent to being a minority stockholder in a corporation; impact
of our investment strategy; government regulation; our business
with manufacturers located in other countries; our inventory and
debt levels; protection of our intellectual property rights;
fluctuation in our operating results; acts of war or terrorism,
natural disasters and other catastrophic events; any infringement
claims; data security breaches and other factors impacting our
technology systems; availability of adequate insurance coverage;
maintenance of our NYSE MKT listing; and the effect on our stock
price and ability to raise equity capital of future sales of shares
of our common stock. Certain of these factors and risks, as well as
other risks and uncertainties, are stated in more detail in the
Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2015 and in the Company’s subsequent
filings with the SEC. These forward-looking statements are made as
of the date of this press release, and the Company assumes no
obligation to update the forward-looking statements or to update
the reasons why actual results could differ from those projected in
the forward-looking statements.