TeleCommunication Systems Receives $25 Million in Incremental Funding to Deliver Deployed Communications Systems Support for U.S. Marine Corps
Funding for TCS TotalCom(TM) Integrated Global Support Continues Existing Efforts
(firmenpresse) - ANNAPOLIS, MD -- (Marketwire) -- 03/06/12 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure , today announced that it has been awarded $25 million in incremental funding to provide the U.S. Marine Corps (USMC) with services for its communications infrastructure. The U.S. Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite Terminal Program (CSTP) is managing these procurements through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
As part of the TCS TotalCom™ portfolio, Integrated Global Support field service personnel provide technical assistance for deployed communications from core technical control facilities and data/security centers to the network edge at remote operations. This funding continues the work that TCS is already performing under this contract.
"The USMC must have not only the infrastructure capable of providing a significantly higher service experience to all levels of users, but also the people able to maximize and secure the infrastructure while allowing them flexibility to react to constantly changing mission requirements," said Michael Bristol, senior vice president and general manager of government solutions at TCS. "This incremental funding shows that the quality and level of support we have been supplying the USMC is meeting their needs."
TCS has established a proven track record for more than two decades as a trusted provider of communication technology solutions to solve the government's toughest technical challenges, under conditions that demand the highest level of reliability, availability and security. To ensure mission continuity, TCS TotalCom offers deployable, highly solutions and complete end-to-end managed services for converged (IP-based) voice, video and data solutions to organizations requiring seamless and secure connectivity between fixed sites and remote operations.
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, professional services, and highly secure deployable satellite solutions for communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, visit .
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 will not be fully funded, and those detailed from time to time in the Company's SEC reports, including the report 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.
Meredith Allen
410-295-1865
Nadel Phelan
Graham Sorkin
831-440-2406
Liolios Group, Inc.
Scott Liolios
949-574-3860
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Datum: 06.03.2012 - 06:30 Uhr
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