From the Wires
TeleCommunication Systems Receives $3.4 Million in Incremental Funding from U.S. Army for SNAP Deployable Satellite Systems Equipment and Support
By: PR Newswire
Jan. 11, 2013 07:30 AM
ANNAPOLIS, Md., Jan. 11, 2013 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has received $3.4 million in incremental funding from the U.S. Army for equipment, field services support and maintenance of Secure Internet Protocol Router and Non-Secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems equipment.
"In addition to having easily deployable and secure satellite communications systems, our military must also have the knowledgeable support to ensure that those systems are always at peak performance levels for continuity of operations," said Michael Bristol, senior vice president and general manager of government solutions for TCS. "With TCS' tested and proven SNAP VSAT systems, as well as our experienced and dedicated field service personnel, our fighting forces will have a powerful means to achieve mission success."
For the past 25 years, TCS has established a proven track record 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 and to meet the need for more flexible, mobile wireless services, TCS TotalCom™ offers deployable, highly secure communication 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 around the world.
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, professional services, and highly secure deployable satellite solutions for mission-critical 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 www.telecomsys.com.
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 report on Form 10-K for the year ended December 31, 2011, and on Form 10-Q for the quarter ended September 30, 2012.
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.
SOURCE TeleCommunication Systems, Inc.
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