SOURCE: TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc.

October 03, 2011 08:31 ET

TeleCommunication Systems Receives $16.1 Million Orders From U.S. Army for Satellite Communications Solutions

Total Amount of Funded WWSS Contract Orders From August 26-September 30 Now Over $78 Million

ANNAPOLIS, MD--(Marketwire - Oct 3, 2011) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has received $16.1 million of new orders from the U.S. Army to continue to provide satellite communications equipment, engineering support, training and maintenance for the U.S. Army.

The orders are initially funded at $5.0 million and will be funded up to a total of $16.1 million if the options are fully exercised through July 2012. The U.S. Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite Terminal Program (CSTP) is funding these procurements through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle, which has been extended to July 27, 2012 with all deliveries required to be completed by August 28, 2012. In addition, TCS has received $3.2 million of additional incremental funding under previously announced orders. This brings the total of WWSS orders for the period August 26-September 30, 2011 to more than $78 million.

"TCS is uniquely positioned to support warfighters with the systems they need in the field, as well as with the hands-on support required to train users and maintain these systems," said Michael Bristol, senior vice president and general manager of government solutions for TCS. "Our global presence gives us a rare insight into the requirements of the warfighter, which is invaluable and innovating for our customers."

TCS has established a proven track record for more than two decades as a provider of trusted 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 offers deployable highly-secure communications 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 and professional services for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world.

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 options will not be exercised, or that the total value of the order will not be fully funded, and 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, 2010, and on Form 10-Q for the quarter ended June 30, 2011.

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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