SOURCE: TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc.

October 07, 2009 06:30 ET

TeleCommunication Systems Introduces New Mobile Asset Location Solution for Small and Medium-Sized Businesses

TCS Asset Locator Enables Carriers' Business Customers to Locate, Communicate and Direct Mobile Workforces to Increase Productivity

ANNAPOLIS, MD and SAN DIEGO, CA--(Marketwire - October 7, 2009) - (CTIA International CTIA WIRELESS I.T. & Entertainment, booth #201) -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today announced the immediate availability of TCS Asset Locator, a low-cost on-demand mobile resource management solution for small and medium-sized businesses (SMB) that rely on a mobile field workforce. This mobile handset solution enables wireless carriers to offer the growing SMB market a Web-based solution that enables managers and dispatchers to easily view the location of field workers using the embedded GPS technology in a cell phone and to see their current and past locations in a browser-based application.

TCS Asset Locator enables businesses to locate their field workers in near real time and communicate with them using text messaging to redirect employees and resources. This solution is ideal for industries such as construction, field services, delivery services, distribution, retail, emergency response, home health care, and other industries that have a mobile workforce. TCS Asset Locator increases cost savings by utilizing existing mobile phone platforms for location and voice services and eliminating the need to invest in a standalone location platform.

Key benefits include the ability to:

  • Identify the location of workers either by address or on a Web-based map display;
  • Locate or send messages to groups of workers;
  • Point and click to send messages to any located worker or group of workers (PC-to-phone messaging);
  • Send driving directions to workers to get to the next job or back to the office from their current location; and
  • Find points of interest near the worker's current location (e.g. nearest gas station, ATM, restaurant).

"We have built this solution specifically to help carriers target the SMB market. It is ideal for companies that want a service that is easy to use, simple to set up, and requires no maintenance -- and one that works with their existing handsets," said Drew Morin, TCS's Chief Technology Officer. "Businesses will continue to invest in their mobile infrastructure as an extension to their existing network. Applications like TCS Asset Locator will play a critical role in ensuring that businesses can improve overall operational efficiencies to make them more productive and competitive."

TCS has made a substantial commitment in resources to location-based solutions (LBS), having invested more than $140 million in funding for the development of platforms and applications. Earlier this year, TCS acquired LocationLogic, further positioning the company as a leading global LBS player. According to ABI Research, a market intelligence company specializing in global connectivity and emerging technology, TCS is the second largest vendor of LBS infrastructure in the world. ABI Research predicts LBS infrastructure revenues will increase to $2.2 billion by 2013.

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 that LBS infrastructure revenues will not increase, and those detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K for the year ended December 31, 2008, and 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.

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