TeleCommunication Systems Receives $9.3 Million Order From U.S. Army for SNAP Deployable Satellite Systems Equipment
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ANNAPOLIS, MD, Sep 15 (MARKET WIRE) --
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in
highly reliable and secure mobile communication technology, today
announced that it has received a new $9.3 million order from the U.S.
Army for upgrades and spare kits of Secret Internet Protocol Router
(SIPR) and Non-secure Internet Protocol Router (NIPR) Access Point (SNAP)
Very Small Aperture Terminal (VSAT) Satellite System equipment.
The order is initially funded at $1.8 million and will be funded up to a
total of $9.3 million if the options are fully exercised through July
2012. This new order will provide support equipment and maintenance of
TCS' highly reliable SNAP deployable communications products, as
previously awarded through other delivery orders for SNAP equipment. The
U.S. Army Project Manager for the Warfighter Information Network-Tactical
(PM WIN-T) Commercial Satellite Terminal Program (CSTP) is funding these
procurements through the Army's $5 billion World-Wide Satellite Systems
(WWSS) contract vehicle, which has been extended to July 27, 2012 with
all deliveries required to be completed by August 28, 2012.
"Having deployable satellite communications systems that are reliable can
be a huge contributing factor in the success of the U.S. armed forces,"
said Michael Bristol, senior vice president and general manager of
government solutions for TCS. "This order is yet more proof that when it
comes to selecting dependable and secure satellite communications
equipment, TCS is the logical choice."
The TCS SNAP VSAT systems used to fulfill SNAP program requirements
provide multimedia communications capabilities which convey encrypted
voice, video and data. TCS SNAP products are highly transportable and
ruggedized, and have a graphical user interface that facilitates easy
set-up and operation. The modularity and plug-and-play interfaces between
all radio frequency (RF) and baseband configurations inherent in the SNAP
product line result in communication solutions tailored to the end-user's
specific needs.
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 and professional services for
mission-critical communications. Headquartered in Annapolis, MD, TCS
maintains technical, service and sales offices around the world.
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, 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:
Nadel Phelan
Graham Sorkin
831-440-2406
graham@nadelphelan.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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