SOURCE: TeleCommunication Systems, Inc.
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December 11, 2009 10:00 ET
Defense Information Technology Contracting Office Awards TeleCommunication Systems $6 Million Managed Bandwidth Contract
TCS Supports U.S. Army Central Command Requirements in Afghanistan
ANNAPOLIS, MD--(Marketwire - December 11, 2009) - TeleCommunication Systems, Inc. (TCS)
(NASDAQ: TSYS), a leading provider of mission-critical wireless
communications, today announced that it has received a three-year, $5.9
Million contract incrementally funded at $2 million from the Defense
Information Technology Contracting Office (DITCO) to provide the U.S. Army
Central Command (CENTCOM) with space segment for its Afghanistan
operations. This is a three-year contract if all options are exercised.
CENTCOM is funding this procurement through GSA's SATCOM II contract
vehicle.
"TCS is pre-positioned to make this managed bandwidth available to CENTCOM
in support of its military objectives," said Jay Icard, vice president of
TCS' government solutions group. "We look forward to fulfilling CENTCOM's
future managed bandwidth needs as well as the broader SATCOM needs of the
other U.S. military branches."
Through TCS' Government Solutions Group, the company offers end-to-end
managed services for converged (IP-based) voice, video and data solutions
to organizations that require seamless, secure connectivity between fixed
sites and remote operations. TCS Managed Satellite Services solutions
include private, shared and outsourced network management through its
global network, owned and operated satellite teleport infrastructure, 24 x
7 SwiftLink(R) Operation Center and global field service force. TCS is
also a leading provider of fixed and deployable remote satellite
communications terminals. TCS' SwiftLink(R) VSAT systems provide
multimedia communications capabilities which convey encrypted voice, video
and data. TCS SwiftLink products are highly transportable and ruggedized,
with a graphical user interface that facilitates easy set-up and operation.
The modularity and "plug and play" interfaces among all SwiftLink RF and
Baseband configurations enable easy specification of communication
solutions tailored to the end-user's specific needs.
TCS has established a proven track record over the past decade of providing
cost effective, highly reliable end-to-end managed network solutions to the
Department of Defense, Special Operations and intelligence communities, the
Department of Homeland Security and the Department of State.
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) engineers and delivers
highly reliable wireless communications technology. TCS is a leader in
wireless text messaging and location-based technology, including E9-1-1
services and commercial applications like navigation that use the precise
location of a wireless device, and secure satellite-based communications
systems and services. Customers include leading wireless and VoIP carriers
around the world, cable MSOs, automotive telematics vendors, and agencies
of the U.S. Departments of Defense, State, and Homeland Security. TCS is
one of six primary vendors on a $5 billion Army Worldwide Satellite Systems
Contract vehicle. For more information, 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, 2008, and Form 10-Q for the quarter ended September
30, 2009.
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.