Cricket Communications Contracts to Source Fully-Managed Location-Based Services From TeleCommunication Systems, Inc.
(firmenpresse) - ANNAPOLIS, MD -- (Marketwire) -- 11/29/11 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced a multi-year managed services contract supporting Cricket Communications' Location-Based Services (LBS) infrastructure throughout its U.S. wireless markets. Using TCS' comprehensive management of hardware, software, installation, scalability, maintenance and around-the-clock operation, Cricket Communications will continue to provide precise location information into location-based applications for its customers, while avoiding operational and logistical burdens.
"Cricket is known for respecting its customers' wallets, so it is no surprise that they would adopt this model to support its location-based services, a market expected by Frost and Sullivan to grow to $1.6 billion in the U.S. by the end of 2015," said Joe Hannan, group vice president of location products for TCS. "By leveraging TCS' managed LBS services, they can participate in a growth market in a cost-effective way. As the demand for LBS continues to increase, Cricket has found a way of keeping costs down and reliability up."
Support of Cricket's LBS offerings will include TCS' Xypoint® Position Determining Engine (PDE) module, which provides the precise location of devices in an operator's CDMA network. This precise location data is provided to consumer and enterprise location-based mobile solutions, including the Cricket Navigator application powered by TCS. Part of a solution comprised of satellite as well as terrestrial signals, the TCS PDE enables a quick, precise location fix in challenging environments including indoors, in dense, urban canyons and in rural areas with limited network coverage.
In addition to managed services, TCS provides other location technology deployment business models: in-network licenses and maintenance, and hosted services. For more information, visit .
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.
TeleCommunication Systems, Inc.
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410-295-1865
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Datum: 29.11.2011 - 13:14 Uhr
Sprache: Deutsch
News-ID 1061362
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