TeleCommunication Systems Receives $2 Million in Incremental Funding to Deliver Communications Systems Support for U.S. Marine Corps
ANNAPOLIS, Md., May 9, 2013 /PRNewswire via COMTEX/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has been awarded $2 million in incremental funding to provide the U.S. Marine Corps (USMC) with Deployed Engineering Services for its Wireless Point to Point Link (WPPL) systems and commercialization effort in theater. The U.S. Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite Terminal Program is managing these procurements through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
News Facts -- TCS Deployed Engineering Services to the USMC consists of providing engineers with specific skill sets to assist USMC vital operations in technical control facilities and data/security centers, as well as with tactical USMC systems.
-- TCS Professional and Technical Services, which includes Deployed Engineering Services, harnesses more than 20 years of experience in serving customers worldwide. Combining satellite, wireless and advanced network engineering services, TCS PTS quickly and cost-effectively supplement the military's support requirements in the installation and maintenance of communications networks around the globe.
-- As part of the TCS TotalCom® portfolio, the WPPL system provides secure point-to-point and point-to-multipoint, line-of-sight and non-line-of-sight transmission of voice, video and data communications.
-- WPPL enables the USMC to close the gap on the "last digital mile," pushing data services to the network edge using a low-cost alternative to more expensive beyond-line-of-sight satellite communications.
Supporting Quote TCS Government Solutions Group President Michael Bristol, said: "In order to remain an elite fighting force, the USMC must not only have secure, reliable communications equipment; they also need knowledgeable and reliable support backing that equipment. TCS' Deployed Engineering Services personnel have that knowledge and reliability that can help the USMC achieve mission success." TCS has established a proven track record for more than 25 years 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 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.
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 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, 2012, and on Form 10-Q for the quarter ended March 31, 2013.
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.
(Logo: http://photos.prnewswire.com/prnh/20120503/PH99996LOGO ) Company Contact: Media Contact: Investor Relations: TeleCommunication Systems, Inc. Nadel Phelan, Inc. Liolios Group, Inc.
Meredith Allen Graham Sorkin Scott Liolios 410-295-1865 831-440-2406 949-574-3860 MAllen@telecomsys.com firstname.lastname@example.org email@example.com SOURCE TeleCommunication Systems, Inc.
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