TeleCommunication Systems Receives $15 Million Order From U.S. Army for SNAP Tactical Transportable TROPO and
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ANNAPOLIS, MD, Sep 29 (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 an additional $15 million in funding from
the U.S. Army for equipment and maintenance of Secret Internet Protocol
Router and Non-secure Internet Protocol Router Access Point (SNAP)
Tactical Transportable TROPO (3T) and deployable communication equipment.
SNAP's 3T option provides high bandwidth, low latency, non-satellite
Beyond Line of Sight (BLOS) network transport for existing and future
bandwidth intensive C5ISR platforms. The 3T system establishes
connectivity at data rates greater than typical satellite links without
the recurring satellite airtime costs. The increased throughput capacity
offers greater speed for bandwidth-intensive applications such as
Intelligence, Surveillance, and Reconnaissance (ISR) video distribution.
Bandwidth offloaded onto 3T links will allow better use of the limited
satellite resources and provide long term cost savings to the warfighter.
"This is a game-changing technology. Our warfighters have been challenged
with the high cost of satellite bandwidth because it's a constrained
commodity globally. To address this, TCS enhanced the SNAP product line,"
said Michael Bristol, senior vice president and general manager of
government solutions for TCS. "Because SNAP and the 3T are modularly
designed and backwards compatible, our existing customers of SNAP can
upgrade their systems very easily. With SNAP 3T, the warfighter can
communicate over long distances (BLOS) without any satellite bandwidth
costs. The ROI of the 3T option is very attractive."
3T is a combination of the battle tested SNAP Very Small Aperture
Terminal (VSAT) system and Comtech's troposcatter technology, which is
also common on today's battlefield. The 3T solution uses Comtech's newest
IP capable Troposcatter Terminal, the Modular Transportable Troposcatter
System (MTTS), offering significant advances in troposcatter technology
while making a considerable reduction in size versus legacy systems.
Troposcatter technology overcomes significant terrain challenges that are
extremely relevant in today's complex battlefield.
This funding will provide the U.S. Army with equipment and support for
TCS' TROPO and SNAP deployable communications products. The U.S. Army
Project Manager for the Warfighter Information Network - Tactical (PM
WIN-T) Commercial Satellite Terminal Program 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.
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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