TeleCommunication Systems Receives $12.1 Million in Orders From U.S. Army for SNAP Deployable Satellite Systems
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ANNAPOLIS, MD, Sep 30 (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 combined total of $12.1 million in
funding from the U.S. Army for equipment, field services support and
maintenance of Secret Internet Protocol Router and Non-secure Internet
Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT)
satellite systems. The funding is the result of exercised options on
previously issued delivery orders from the U.S. Army Communications -
Electronics Life Cycle Management Command.
This additional funding will provide the U.S. Army with equipment and
support for TCS' 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.
"In today's challenging and unique environment, the U.S. armed forces
require secure, reliable satellite communications systems that can be
easily deployed," said Michael Bristol, senior vice president and general
manager of government solutions for TCS. "TCS' SNAP VSAT satellite
systems equipment possesses all of these qualities that will help our
warriors communicate."
The TCS SNAP VSAT systems 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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