TeleCommunication Systems Signs Five-Year, Multi-Million Dollar Contract Extension With Tier One Wireless Carrier to
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ANNAPOLIS, MD, Oct 20 (MARKET WIRE) --
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in
highly reliable and secure mobile communication technology, today
announced that the company has signed a five-year contract extension with
a Tier One U.S. wireless carrier to provide wireless E9-1-1 services
through August 2016. TCS will continue supporting the carrier's emergency
service needs to ensure that their wireless customers' distress calls are
routed to the appropriate Public Safety Answering Point (PSAP) together
with the caller's precise location information.
As PSAPs continue to evolve and incorporate cutting-edge technology for
displaying caller locations, it is critical that carriers have access to
the necessary services and support to ensure effective wireless E9-1-1
services. This contract extension allows the carrier to continue to focus
on high-value wireless services to its millions of subscribers while TCS
maintains the required wireless E9-1-1 emergency services.
"The challenges and requirements necessary for wireless operators to stay
on top of the new technologies and mandates for emergency services can be
daunting," said Chris Nabinger, senior vice president of safety and
security for TCS. "We take pride in providing our customers with a fully
hosted solution that not only offers their users the safety and security
they expect, but does so in an affordable and easy-to-implement package."
TCS has been a pioneer and leader in developing technology to enhance
public safety. The company is at the forefront of providing
standards-based solutions that are highly reliable and easily outsourced
to both telecommunications carriers and public safety agencies. Today,
TCS enables completion of about half of all U.S. wireless E9-1-1 calls.
TCS' award-winning wireless and VoIP E9-1-1 services, together with the
company's Next Generation 9-1-1 solutions, serve over 150 million
wireless and IP-enabled devices. With the nation's only non-carrier TL
9000-certified wireless and VoIP E9-1-1 Network Operations Center (NOC),
TCS' highly-reliable E9-1-1 solutions ensure that a subscriber's
emergency call is routed to the appropriate PSAP, and the caller's
precise location information is delivered rapidly. For additional
information on TCS' public safety services, please visit:
www.telecomsys.com/products/public-safety.
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 could be impacted or terminated in the
event of system failure, 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, Inc.
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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