Monday, March 15, 2010

TeleCommunication Systems Awarded $7 Million Managed Bandwidth Services and Terminal Maintenance Order to Support U.S. Operations


TCS Continues to Expand Government Footprint in Southwest Asia by Supplying Innovative Satellite Solutions to Support Mission-Critical Operations

Defense News: ANNAPOLIS, MD--(Marketwire - 03/15/10) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News), a world leader in high availability and secure mobile communication technology, today announced that it has been awarded an order valued at approximately $7 million to provide managed bandwidth services and terminal maintenance support for fixed satellite terminal sites supporting U.S. government personnel in forward operating areas throughout Southwest Asia including Afghanistan and Iraq. The order is initially funded at $2.2 million for the first year, and will be funded up to a total of $7 million if the options for two additional one-year renewal periods are fully exercised.

The fully operational network provides voice, video and data services in remote areas that lack terrestrial communication services. Previously, TCS has built networks around the world to support government organizations in the Middle East, Africa and in South America, as well as the largest private Very Small Aperture Terminal (VSAT) network in the Asia Pacific region for one of the largest U.S. banking organizations.

"We are committed to providing highly secure communications services to our deployed men and women to ensure they have access to IP-based services for voice, video and secure data from any deployed location," said Michael Bristol, senior vice president of TCS' Government Solutions Group. "TCS has a proven track record in providing mission continuity with highly reliable managed satellite bandwidth services for the military and other government organizations."

TCS offers complete end-to-end managed services for converged (IP-based) voice, video and data solutions to organizations requiring seamless, highly secure connectivity between fixed sites and remote operations. TCS Managed Satellite Services solutions include private, shared and outsourced network management through its global network, TCS owned and operated satellite teleport infrastructure, 24 x 7 SwiftLink(R); Operation Center and global field service force. TCS has established a proven track record over the past decade as a trusted partner providing mission continuity through cost effective, highly reliable secure satellite managed network solutions for government customers and mobile operators worldwide.

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) is a world leader in high availability and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Federal government agencies depend on TCS' cyber security expertise, professional services, and highly secure deployable satellite solutions for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, 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 options will not be exercised, or that the total value of the order will not be fully funded, and those detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended December 31, 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:
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

Related Headlines
Posted by at
Labels:

1 comment:

Subscribe to: Post Comments (Atom)