TeleCommunication Systems Named Awardee on Multi-Year Agreement to Provide up to $5 Million per Year of Consulting, IT,
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ANNAPOLIS, MD, Aug 22 (MARKET WIRE) --
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in
highly reliable and secure mobile communication technology, today
announced that it has been named as an awardee under a blanket purchase
agreement (BPA) to provide consulting, information technology (IT), and
support services to the U.S. Army. The potential value of awards under
this BPA is $5 million per year through January 2013.
TCS was selected through a competitive bidding process. The agreement
allows TCS to bid on task orders for IT service management, network
services, data center management, distributed computing, and application
management through a state-of-the-art, scalable, performance-based
service management and delivery framework.
"The fact that TCS was chosen for this contract is an endorsement of our
competency and expertise in the provision of highly reliable IT
services," said Michael Bristol, senior vice president and general
manager of government solutions for TCS. "These types of enterprise IT
services are what we've been providing within the defense community for
over two decades. We know the mission and we know how to get the job
done."
This agreement represents an expansion of TCS' existing relationship with
the U.S. Army, for which it has been providing communications systems and
services for five years. It is also a continuation of twenty-three years
of TCS' provision of enterprise IT services to federal, state and local
government customers.
For more information about TCS' IT services, please visit:
www.telecomsys.com/IT
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc.
(TCS) (NASDAQ: TSYS) is a world leader in highly reliable 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. Government agencies
utilize 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 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, 2010, and on Form
10-Q for the quarter ended June 30, 2011.
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
Copyright 2011, Market Wire, All rights reserved.
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