TeleCommunication Systems and Telefonica Enter Partnership to Provide Navigation Services in Latin America
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ANNAPOLIS, MD, Feb 27 (MARKET WIRE) -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, and Telefonica, one of the world's largest telecommunications network operators, today jointly announced a partnership for TCS to provide navigation services for Telefonica subscribers throughout Latin America. Through TCS' market-leading navigation services, Telefonica customers will have continuous access to local directories, maps and driving directions directly from their mobile devices. "A recent study from ABI Research indicates that the navigation application market in Latin America is expected to more than triple in the next three years," said Javier Cobo, regional product & service director for Telefonica Latin America. "We know that in order to capitalize on this opportunity, we must provide our customers with navigation applications that they consider to be a strong value, and TCS' market-leading navigation solutions allow us to best accomplish this goal by offering top-notch turn-by-turn navigation, as well as context-aware content, like traffic information, movie listings and more." The TCS navigation engine supports multiple modes, including automobile and pedestrian navigation, turning any GPS-enabled mobile phone into a powerful personal navigation device. Finding a precise location is effortless with TCS' dynamic local search engine, which allows users to quickly access accurate points of interest and turn-by-turn directions with a single click. TCS provides white-label, hosted and managed location-based services to mobile operators globally with an integrated, uniform experience across consumer devices. In addition, TCS can directly provide developers with location-based services spanning devices, operating systems and CPU architectures. "Telefonica saw the opportunity to strengthen their market leadership by offering their subscribers TCS' award-winning and highly reliable navigation services," said Jason Penkethman, vice president of product management for TCS' navigation and telematics group. "By providing a Movistar-branded and powerful navigation solution, Telefonica's subscribers will be connected with the richness of their surroundings by instantly mapping their location, finding useful local information and discovering new places and things to do around them." With more than a decade of experience in networks around the world, TCS delivers world-class navigation and location-based services to more than 60 carriers and telematics service providers in North America, South America, Europe, Australia and Asia. TCS was the first to demonstrate the use of location technologies in support of emergency services, deploying the first wireless E9-1-1 solution in the United States, and it was the first company to deploy a commercial precise location infrastructure in Europe to support UMTS. About Telefonica Telefonica is one of the largest telecommunications companies in the world in terms of market capitalization and number of customers. From this outstanding position in the industry, and with its mobile, fixed and broadband businesses as the key drivers of its growth, Telefonica has focused its strategy on becoming a leading company in the digital world. The company has a significant presence in 25 countries and a customer base that amounts more than 300 million accesses around the world. Telefonica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. Telefonica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4.563.996.485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, New York, Lima, and Buenos Aires. 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 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 September 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 firstname.lastname@example.org Investor Relations: Liolios Group, Inc. Scott Liolios 949-574-3860 email@example.com Copyright 2012, Market Wire, All rights reserved. -0-