TeleCommunication Systems Awarded $1.8 Million Contract to Provide Managed Bandwidth Services for the U.S. Government
(M2 PressWIRE Via Acquire Media NewsEdge) Las Vegas, CRWESelect.com announces its Stock Watch Highlight on TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today May 7, 2010 announced that it has been awarded a re-compete contract valued at approximately $1.8 million to continue providing managed bandwidth services for fixed satellite terminal sites supporting U.S. government personnel in forward operating areas in Southwest Asia including Iraq. As the incumbent on this contact, TCS has demonstrated its ability to provide reliable, on-going, active and essential government communications and maintenance support requirements.
TCS will continue to provide a fully operational network for voice, video and data services in remote areas that lack terrestrial communication services. TCS previously has built networks to support government organizations in the Middle East, Africa and in South America, as well as the largest private Very Small Aperture Terminal (VSAT) network in the Asia Pacific region for one of the largest U.S. banking organizations.
"TCS has a long history of providing managed bandwidth services to the U.S. government in support of its unique and very difficult mission-critical objectives," said Jay Icard, vice president of the TCS Government Solutions Group. "Our troops' lives depend on reliable communications, especially while being deployed in some of the most geographically challenging locations in the world. Securing this contract underscores the U.S Government's confidence in our capabilities." TCS has a two-decade proven track record as a trusted provider of communication technology solutions addressing the government's toughest technical challenges, under conditions that demand the highest level of reliability, availability and security. To ensure mission continuity, TCS offers complete end-to-end managed services for converged (IP-based) voice, video and data satcom for seamless, highly secure connectivity between fixed sites and remote operations, including the SwiftLink family of deployable communications solutions.
For more information on TCS Managed Satellite Services solutions visit: http://www1.telecomsys.com/government/satelliteservices.cfm 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 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, 2009 and 10-Q for the quarter ended March 31, 2010.
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 [email protected] Media Contact: Welz & Weisel Communications Evan Weisel 703-218-3555 [email protected] Investor Relations: Liolios Group, Inc.
Scott Liolios 949-574-3860 [email protected] We encourage investors to join our FREE daily e-mail alerts by visiting: http://www.crweselect.com About CRWESelect.com CRWESelect.com, based in Las Vegas, Nevada is an independent electronic informative online financial news publication company dedicated in providing business and financial professionals with economic and investment information, as well as stock highlights. CRWESelect.com is dedicated to assisting emerging public companies with their advertising to its subscribers that receive its daily reports, as well as its readership of its website.
To sign up for the CRWESelect's daily FREE stock highlights please visit www.CRWESelect.com.
Please see disclaimer on CRWESelect.com website: http://crweselect.com/?page_id=26 Forward-Looking Statement: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements and/or Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS