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WidePoint Awarded New MobileAnchor Contract by an Agency Under the U.S. Department of Energy

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WidePoint Corporation (NYSE American:WYY) has secured a new one-year contract from a U.S. Department of Energy agency to implement its MobileAnchor® platform for secure mobile authentication. The solution will provide Derived Credentials on mobile devices, allowing agency personnel to authenticate to federal systems using smartphones instead of physical smart cards.

The platform complies with FIPS 201 and NIST SP 800-157 guidelines and includes a proxy server feature that enables authentication for legacy systems without requiring infrastructure overhaul. This new customer acquisition validates WidePoint's mobile-first approach to secure identity management in the federal sector.

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Positive

  • New contract win from U.S. Department of Energy agency expands federal customer base
  • MobileAnchor platform's proxy server feature enables legacy system compatibility without infrastructure upgrades
  • Solution complies with critical federal security standards (FIPS 201 and NIST SP 800-157)

Negative

  • Contract limited to one-year duration
  • Contract value not disclosed

News Market Reaction 3 Alerts

+18.35% News Effect
$3.61 Close Price
+$5M Valuation Impact
$32M Market Cap
1.6x Rel. Volume

On the day this news was published, WYY gained 18.35%, reflecting a significant positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. The stock closed at $3.61 on that trading session. This price movement added approximately $5M to the company's valuation, bringing the market cap to $32M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

FAIRFAX, VA / ACCESS Newswire / July 28, 2025 / WidePoint Corporation (NYSE American:WYY), a leading provider of trusted identity, data, and cybersecurity solutions, today announced a new contract award by an agency under the U.S. Department of Energy to deliver secure mobile authentication using WidePoint's proprietary MobileAnchor® platform.

Under the one-year agreement, WidePoint will provide Derived Credentials on mobile devices, enabling agency personnel to securely authenticate to federal systems and applications in full compliance with FIPS 201 and NIST SP 800-157 guidelines. This mobile-first approach enables users to authenticate using their smartphone instead of physical smart cards, supporting the agency's strategy for secure mobility.

Jin Kang, CEO of WidePoint, stated, "This is another new customer to adopt the WidePoint MobileAnchor® solution, underscoring the clear market adoption of derived credentialing on smartphones across federal agencies. It's a strong validation of our mobile-first approach to secure identity and demonstrates the growing trust in our technology."

For legacy systems or applications that are unable to directly accept digital certificates from mobile devices, WidePoint's MobileAnchor® can also authenticate to a proxy server. The proxy server acts as an intermediary, allowing older systems to leverage WidePoint's modern credentialing solution while maintaining security. This method provides a seamless way for organizations to use MobileAnchor® without needing to replace or overhaul existing infrastructure.

Jason Holloway, WidePoint's Chief Revenue Officer, stated: "WidePoint's MobileAnchor® is a game-changer in making secure, mobile-first authentication accessible to legacy systems. This ability to authenticate through a proxy server is a powerful way to bridge the gap between modern identity management and older systems, enabling organizations to strengthen security without significant infrastructure upgrades."

Kang added, "This contract further strengthens WidePoint's position as a trusted provider of scalable, secure identity solutions for federal agencies seeking to modernize access controls while maintaining compliance and operational efficiency."

About WidePoint

WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS). To learn more, visit https://www.widepoint.com.

WidePoint Investor Relations:

Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gateway-grp.com

SOURCE: WidePoint Corporation



View the original press release on ACCESS Newswire

FAQ

What is the new contract WidePoint (WYY) won from the Department of Energy?

WidePoint won a one-year contract to provide its MobileAnchor® platform for secure mobile authentication, enabling agency personnel to use smartphones for federal system access instead of physical smart cards.

How does WidePoint's MobileAnchor platform work with legacy systems?

MobileAnchor® uses a proxy server as an intermediary, allowing older systems to leverage modern credentialing without infrastructure replacement while maintaining security.

What security standards does WidePoint's MobileAnchor solution comply with?

The solution complies with FIPS 201 and NIST SP 800-157 guidelines for federal security standards.

What are the benefits of WidePoint's mobile authentication solution for federal agencies?

It enables secure authentication using smartphones instead of physical smart cards, supports mobile-first strategies, and allows legacy system compatibility without major infrastructure upgrades.
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