SOURCE: TeleCommunication Systems, Inc.

August 01, 2008 13:57 ET

TeleCommunication Systems to Present at the 28th Annual Canaccord Adams Global Growth Conference

ANNAPOLIS, MD--(Marketwire - August 1, 2008) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical wireless communications technology, has been invited to present at the 28th Annual Canaccord Adams Global Growth Conference to be held at the InterContinental Boston in Boston on August 12-14, 2008.

TeleCommunication Systems chairman, president and CEO, Maurice B. Tosé, and senior vice president and CFO, Tom Brandt, are scheduled to present on Wednesday, August 13 at 8:00 a.m. Eastern time.

Management will discuss recent record financial results and company progress, including the U.S. Army's recent selection of TCS as the sole awardee of a contract with an initial order and options for up to $246 million of deployable satcom system-related deliverables over the next 39 months. This award brought the company's total backlog to about $450 million, of which $115.4 million is currently funded.

On July 31, 2008, the company reported record second quarter 2008 GAAP net income, which rose 100% year-over-year to $12.0 million, or $0.26 per basic share. These results were driven by a 24% year-over-year increase in revenue to $43.9 million.

About Canaccord Adams

Canaccord Adams is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients unique perspective on global investment opportunities. With operations in research, sales and trading, and investment banking, our 225 professionals seek out emerging opportunities in our key sectors -- Mining and Metals, Energy, Technology, Life Sciences, Real Estate and Gaming, Consumer and Industrial Growth. Located in eight offices internationally, our experienced team generates focused, actionable ideas that identify opportunity and facilitate growth.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems, engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless, cable and VoIP carriers around the world and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit www.telecomsys.com.