ANNAPOLIS, MD--(Marketwire - 12/11/09) - TeleCommunication S
ystems, Inc. (TCS) (NASDAQ:TSYS - News), a leading provider of mission-critical wireless communications, today announced that it has received a three-year, $5.9 Million contract incrementally funded at $2 million from the Defense Information Technology Contracting Office (DITCO) to provide the U.S. Army Central Command (CENTCOM) with space segment for its Afghanistan operations. This is a three-year contract if all options are exercised. CENTCOM is funding this procurement through GSA's SATCOM II contract vehicle."TCS is pre-positioned to make this managed bandwidth available to CENTCOM in support of its military objectives," said Jay Icard, vice president of TCS' government solutions group. "We look forward to fulfilling CENTCOM's future managed bandwidth needs as well as the broader SATCOM needs of the other U.S. military branches."
Through TCS' Government Solutions Group, the company offers end-to-end managed services for converged (IP-based) voice, video and data solutions to organizations that require seamless, secure connectivity between fixed sites and remote operations. TCS Managed Satellite Services solutions include private, shared and outsourced network management through its global network, owned and operated satellite teleport infrastructure, 24 x 7 SwiftLink(R) Operation Center and global field service force. TCS is also a leading provider of fixed and deployable remote satellite communications terminals. TCS' SwiftLink(R) VSAT systems provide multimedia communications capabilities which convey encrypted voice, video and data. TCS SwiftLink products are highly transportable and ruggedized, with a graphical user interface that facilitates easy set-up and operation. The modularity and "plug and play" interfaces among all SwiftLink RF and Baseband configurations enable easy specification of communication solutions tailored to the end-user's specific needs.
TCS has established a proven track record over the past decade of providing cost effective, highly reliable end-to-end managed network 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 Managed Satellite Services solutions visit: http://www1.telecomsys.com/government/satelliteservices.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 the possibility that the contract will not be fully funded, and 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.
Through TCS' Government Solutions Group, the company offers end-to-end managed services for converged (IP-based) voice, video and data solutions to organizations that require seamless, secure connectivity between fixed sites and remote operations. TCS Managed Satellite Services solutions include private, shared and outsourced network management through its global network, owned and operated satellite teleport infrastructure, 24 x 7 SwiftLink(R) Operation Center and global field service force. TCS is also a leading provider of fixed and deployable remote satellite communications terminals. TCS' SwiftLink(R) VSAT systems provide multimedia communications capabilities which convey encrypted voice, video and data. TCS SwiftLink products are highly transportable and ruggedized, with a graphical user interface that facilitates easy set-up and operation. The modularity and "plug and play" interfaces among all SwiftLink RF and Baseband configurations enable easy specification of communication solutions tailored to the end-user's specific needs.
TCS has established a proven track record over the past decade of providing cost effective, highly reliable end-to-end managed network 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 Managed Satellite Services solutions visit: http://www1.telecomsys.com/government/satelliteservices.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 the possibility that the contract will not be fully funded, and 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.
Contact:
Company Contact:
Company Contact:
TeleCommunication Systems, Inc.
Meredith Allen
410-295-1865
Media Contact:
Welz & Weisel
Evan Weisel
703-218-3555
Investor Relations:
Communications Liolios Group, Inc.
Scott Liolios
949-574-3860
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