WidePoint Secures Key Contract to Provide Device as a Service (DaaS) Support for a Federal Health Research Agency

Rhea-AI Summary

WidePoint Corporation (NYSE American:WYY) has secured a one-year, $110,000 contract to provide Device as a Service (DaaS) management and support for a Federal health research agency. The contract focuses on streamlining device deployment and lifecycle management for health research technologies. WidePoint will manage Apple products and supporting hardware, while Windows devices will be handled by a partner. The company's Intelligent Technology Management System (ITMS) platform will provide oversight, automation, and reporting capabilities. This contract represents the first of several potential DaaS opportunities in collaboration with WidePoint's Fortune 500 partner, offering services including reliable support, streamlined procurement, help desk support, secure asset disposition, and real-time device status monitoring.

Positive

• New $110,000 one-year contract with a Federal health research agency
• Partnership with a Fortune 500 company opens pipeline for additional DaaS opportunities
• Contract leverages existing ITMS platform capabilities for efficient service delivery

Negative

• Relatively small contract value at $110,000
• Short contract duration of only one year
• Limited to managing only Apple products, with Windows devices handled by partner

Insights

Technology Services Financial Analyst

WidePoint secured a modest $110K federal contract that serves as an entry point for potentially larger DaaS opportunities with a Fortune 500 partner.

WidePoint has secured a $110,000 one-year contract to provide Device as a Service (DaaS) management for a federal health research agency. While the contract value itself is relatively modest for a publicly-traded company, the strategic implications deserve attention.

The $110,000 represents a small revenue contribution for WidePoint, but management's framing of this deal as "the first of several material DaaS opportunities in the pipeline" with a Fortune 500 partner signals potential for more significant contract wins. This aligns with WidePoint's strategy to leverage its federal certifications and existing government relationships into expanded service offerings.

The company's Intelligent Technology Management System (ITMS) platform will manage the program, showcasing WidePoint's technological capabilities beyond its traditional mobility management solutions. This platform approach creates potential for margin improvement through operational efficiencies and scalability as additional contracts are secured.

This contract involves sourcing Apple products and supporting hardware components, while Windows devices will be handled by a partner. This multi-vendor approach demonstrates WidePoint's flexibility in accommodating diverse client needs but may present integration challenges.

From a financial perspective, investors should view this announcement as more significant for its potential pipeline implications than its immediate revenue impact. The contract's relatively small size means it won't meaningfully move financial results in isolation, but it establishes a reference case for WidePoint's expanded DaaS capabilities that could lead to more substantial opportunities.

FAIRFAX, VA / ACCESS Newswire / June 23, 2025 / WidePoint Corporation (NYSE American:WYY), the federally certified provider of Trusted Mobility Management (TM2) solutions, announced today that it has secured a one-year, $110,000 contract to deliver Device as a Service (DaaS) management and support for a prominent Federal health research agency. This initiative is aimed at streamlining the deployment and lifecycle management of cutting-edge technologies critical to advancing innovative health solutions. This award marks the first of several material DaaS opportunities in the pipeline in collaboration with the Company's strategic Fortune 500 partner.

WidePoint's CEO Jin Kang stated, "WidePoint will bring our proven expertise in asset management and full range of DaaS solutions to this agency's device ecosystem, ensuring that this complex deployment is managed efficiently, securely, and transparently. This contract award builds a strong foundation for WidePoint to provide exceptional value, ongoing support and evolving needs for this agency. This award is also just the tip of the iceberg as we develop additional material DaaS opportunities with our strategic Fortune 500 partner."

WidePoint's DaaS solutions address the critical challenges faced by agencies in deploying and managing a large volume of devices across multiple locations. Partnering with WidePoint provides:

• Reliable, scalable support tailored to high-tech environments

• Streamlined procurement and deployment processes

• Help desk support, asset disposition and reporting to ensure seamless integration and operations

• Enhanced security and compliance through secure asset disposition

• Real-time visibility into device status and usage

The contract scope includes sourcing Apple products and supporting hardware components, with all Windows devices and accessories being supplied and staged by a trusted partner before deployment.

Todd Dzyak, WidePoint's COO, added, "WidePoint's Intelligent Technology Management System (ITMS) platform is at the core of managing this DaaS program, providing complete oversight, automation and reporting. Our proven approach ensures organizations can focus on their core mission while leveraging reliable, efficient, and secure technology services. WidePoint's DaaS solution is a game changer for delivering rapid, reliable, and compliant solutions at scale."

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 value and duration of WidePoint's (WYY) new federal contract?

WidePoint secured a one-year contract valued at $110,000 to provide Device as a Service management and support for a Federal health research agency.

What services will WidePoint (WYY) provide under the new federal contract?

WidePoint will provide Device as a Service management including device deployment, lifecycle management, help desk support, asset disposition, reporting, and real-time device status monitoring, specifically for Apple products and supporting hardware.

Who is WidePoint's (WYY) strategic partner for the federal DaaS contract?

While WidePoint mentions a strategic Fortune 500 partner, the specific identity of the partner is not disclosed in the press release.

What is WidePoint's (WYY) ITMS platform?

ITMS (Intelligent Technology Management System) is WidePoint's platform that provides complete oversight, automation, and reporting for their DaaS program management.

What are the future opportunities mentioned in WidePoint's (WYY) announcement?

WidePoint indicates this contract is the first of several material DaaS opportunities in their pipeline, being developed in collaboration with their strategic Fortune 500 partner.