ANNAPOLIS, MD--(Marketwire - 10/09/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News), a leading provider of mission-critical wireless communications, today announced that it has received a $1.8 million contract from the U.S. Army. This award is funded by the Program Executive Office Enterprise Information Systems' (PEO EIS) Technology Applications Office (TAO).
This award covers the upgrade of the Army's second existing X-Band earth terminal in support of the Interoperability Command in Fort Bragg, North Carolina. The upgrade will improve the terminal's performance, increase capacity and expand capability and will align this second terminal's overall technological state with that of the first X-Band terminal, which TCS upgraded earlier this year.
"TCS has had a good working relationship with the TAO for several years," said Michael Bristol, senior vice president of government solutions for TCS. "We are pleased to provide them the critical support necessary to maintain a modern communications infrastructure."
TCS has established a proven track record over the past decade of providing cost effective, highly reliable solutions to the Department of Defense, Special Operations and intelligence communities, the Department of Homeland Security and the Department of State. For more information on TCS government solutions visit: http://www1.telecomsys.com/government/index.cfm
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) engineers and delivers
highly reliable wireless communications technology. TCS is a leader in
wireless text messaging and location-based technology, including E9-1-1
services and commercial applications like navigation that use the precise
location of a wireless device, and secure satellite-based communications
systems and services. Customers include leading wireless and VoIP carriers
around the world, cable MSOs, automotive telematics vendors, and agencies
of the U.S. Departments of Defense, State, and Homeland Security. TCS is
one of six primary vendors on a $5 billion Army Worldwide Satellite Systems
Contract vehicle. For more information, visit www.telecomsys.com.
Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarter ended September 30, 2009.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
Company Contact:
TeleCommunication Systems, Inc.
Meredith Allen
410-295-1865
MAllen@telecomsys.com
Media Contact:
Welz & Weisel Communications
Evan Weisel
703-218-3555
evan@w2comm.com
Investor Relations:
Liolios Group, Inc.
Scott Liolios
949-574-3860
info@liolios.com
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