RELM Wireless Corporation designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. The company’s two-way land mobile radios could be units that are hand-held (portable) or installed in vehicles (mobile). Repeaters expand the range of two-way land mobile radios, enabling them to operate over a wider area. Base station components and subsystems are installed at radio transmitter sites. Products and P-25 CAP (Compliance Assessment Program) Compliance The company employs both analog and digital technologies in its products. The company’s digital products are compliant with P-25 specifications. Its P-25 digital products and its analog products function in the VHF (136MHz – 174MHz), UHF (380MHz – 470MHz, 450MHz – 520MHz) and 700-800 MHz bands. The P-25 CAP is a voluntary program that allows land mobile radio equipment suppliers to formally demonstrate their products’ compliance with P-25 requirements. The purpose of the program is to provide federal, state and local emergency response agencies with evidence that the communications equipment they are purchasing satisfies P-25 standards for performance, conformance, and interoperability. The program is a result of legislation passed by the U.S. Congress to improve communication interoperability for first responders and is a partnership of the Department of Homeland Security’s Command, Control and Interoperability Division, the National Institute of Standards and Technology, radio equipment manufacturers, and the emergency response community. The company offers products under two brand names, BK Radio and RELM. Generally, BK Radio-branded products serve the government and public safety market, while RELM-branded products serve the business and industrial market. BK Radio-branded products consist of high-specification land-mobile radio equipment for professional radio users primarily in government, public safety and military applications. The company’s P-25 digital products are marketed under the BK Radio brand, which includes the next-generation KNG product line. RELM-branded products provide basic yet feature-rich two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. The company provides products and value to a range of customers with demanding requirements, including emergency response, public safety, homeland security and military customers of federal and state government agencies, as well as various commercial enterprises. Markets Government and Public Safety Market: The government and public safety market includes the military, fire, rescue, law enforcement, homeland security and emergency responder personnel. In various instances, BK Radio-branded products serve this market and are sold either directly to end-users, or through two-way communications dealers. Business and Industrial Market: This market includes enterprises of all sizes that require push-to-talk communication among a discrete group of users, such as corporate disaster recovery, hotels, construction firms, schools, and transportation service providers. Users in this market continue to primarily utilize analog products. The company offers products to this market under the RELM brand name. The company’s sales in this market might be direct to end-users or to dealers and distributors who then resell the products. Customers Sales to the United States Government represented approximately 36% of the company’s total sales for the year ended December 31, 2015. These sales were primarily to various government agencies, including those within the United States Department of Defense, the United States Forest Service, and the United States Department of the Interior. Engineering, Research and Development For 2015, the company’s engineering and development expenses were approximately $3.6 million. Intellectual Property The company holds various trademarks related to the names ‘RELM’ and ‘BK Radio’ and certain product names. Seasonality The company experiences seasonality in its quarterly results in part due to governmental customer spending patterns that are influenced by government fiscal year budgets and appropriations. The company also experiences seasonality in its quarterly results in part due to its concentration of sales to federal and state agencies that participate in wildland fire-suppression efforts, which are typically the greatest during the summer season when forest fire activity is heightened. Competition The company competes with Motorola Solutions, Inc. Regulations The company’s products are regulated by the Federal Communications Commission in the U.S. and similar agencies in other countries where the company offers its products. As a public company, the company is also subject to regulations of the Securities and Exchange Commission and the stock exchange on which it is listed (NYSE MKT). History RELM Wireless Corporation was founded in 1957.
relm wireless corp
(RWC:Consolidated issues listed on NYSE MKT LLC)
7100 Technology Drive
West Melbourne, FL 32904
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