Exhibit 99.1
Company Contact:
RELM Wireless Corporation
Timothy Vitou, President
(321) 984-1414
RELM Wireless Augments Senior Management Team
WEST MELBOURNE, FL, August 9, 2017 – RELM Wireless
Corporation (NYSE American: RWC) today announced several changes to
its senior management team effective immediately. James Gilley,
formerly the Company’s Chief Technology Officer (CTO), has
been appointed to the newly created position of Chief Scientist.
James Holthaus has been promoted to CTO, succeeding Mr. Gilley.
Additionally, Randy Willis has joined the Company as Vice President
of Operations.
RELM
President Tim Vitou commented, “Combined with changes that
were implemented earlier this year, our new leadership team is in
place. We believe the members of the board and management,
collectively, bring to RELM the experience, talent and vision
necessary to achieve our aggressive goals for the
future.”
Mr.
Gilley joined RELM in 2008 as CTO. Previously, he served as Chief
Scientist of Transcrypt International, Inc., a provider of secure
wireless technologies primarily for homeland security. Mr. Gilley
holds a Master of Science degree in Electrical Engineering from the
University of Nebraska. In his new role, Mr. Gilley will be
instrumental in shaping the Company’s product and technology
strategies moving forward.
Jim
Holthaus joined RELM in 2007 and most recently served as the Vice
President-Project 25 Solutions, responsible for product definition
and market analysis with a focus on development of RELM’s P25
mobile and portable radio products. Since 1993, Mr. Holthaus has
been active in the development of land mobile radio products and
the P25 Digital Radio Standards. He holds an M.S. Degree in
Electrical Engineering from Southern Methodist University. In his
new role, Mr. Holthaus will direct all the Company’s
engineering and development initiatives.
Randy
Willis joined RELM this month as our Vice President of Operations.
Mr. Willis will be in charge of all aspects of manufacturing and
quality, with a broadly defined mission for improvement, efficiency
and cost-effectiveness. He has extensive background and
experience in these disciplines, having achieved certifications as
a Lean Master and Six Sigma Black Belt. His professional
experience includes leadership positions in manufacturing,
operations, quality, supply chain, industrial engineering and
program management. Randy holds both BS and MS degrees from East
Carolina University in Industrial Technology.
Mr.
Vitou concluded, “Throughout this year multiple initiatives
have been launched to transform and prepare the Company for growth.
I believe these appointments strengthen the product manufacturing
and technology capabilities that are essential for us to succeed
moving forward.”
About RELM Wireless
As an
American manufacturer for 70 years, RELM Wireless is deeply rooted
in the public safety communications industry, manufacturing
high-specification communications equipment of unsurpassed
reliability and value for use by public safety professionals and
government agencies. 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 brand name. The Company
maintains its headquarters in West Melbourne, Florida and can be
contacted through its web site at www.bktechnologies.com or
directly at 1-800-821-2900. The Company’s common stock trades
on the NYSE American 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 American 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, 2016 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.