 Record 2020 Financial Results Highlighted by 29 Increase in Managed Services Revenue, 10.3 Million in Net Income, and 59 Increase in Adjusted EBITDA FAIRFAX, VA ACCESSWIRE March 23, 2021 WidePoint Corporation NYSE American:WYY , the leading provider of Trusted Mobility Management TM2 specializing in Telecommunications Lifecycle Management, Identity Management IdM and Digital Billing Analytics solutions, today reported results for the full year and fourth quarter ended December 31, 2020. Fourth Quarter 2020 and Recent Operational Highlights: Secured the U.S. Department of Homeland Securitys DHSs Cellular Wireless Managed Services CWMS 2.0 contract, valued at up to 500 million Awarded two new Identity Management contracts, expanding WidePoints commercial footprint as well as the Companys secure digital certificates into a new U.S. federal agency Number of U.S. Department of Defense secure digital certificates issued increased 17 year-over-year from the fourth quarter of 2020, leading to an increase in high margin Identity Management revenue Soft-Ex, WidePoints subsidiary, awarded multi-year digital billing and analytics contracts with multiple European enterprises, including Cancom, Zetacom, and Three Ireland Secured more than 10.4 million in contract wins, exercised option periods, and contract extensions during the fourth quarter of 2020, excluding the new contract from DHS Successfully effectuated 1-for-10 reverse stock split on November 6, 2020 Management Commentary 2020 was the most successful year in WidePoints history as we set records in each of our financial performance metrics, during a pandemic, while seamlessly managing the largest mobility managed service project in the country, said WidePoints CEO, Jin Kang. 