SOURCE: TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc.

May 12, 2011 16:30 ET

TeleCommunication Systems Receives PROVECTUS Award at MDB Capital's Bright Lights Conference 2011

Company Recognized for Culture of Innovation and Intellectual Property as Among the "Best & Brightest"

ANNAPOLIS, MD--(Marketwire - May 12, 2011) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, received the PROVECTUS Award from MDB Capital Group at its annual Bright Lights Conference in New York City on May 10, 2011.

"TeleCommunication Systems stood out as one of the top five companies or 'Best of the Best' across all industries with the highest combined Tech Score, Patent Application CAGR and number of patent grants," said Christopher Marlett, CEO of MDB Capital Group. "We are honored to recognize TCS' achievements in driving IP as an asset class and the impact it is making in driving innovation in America."

The PROVECTUS Award is granted to the top five companies among MDB's 2011 group of "Best & Brightest" small-cap companies. The group is comprised of 40 public companies ranking in the 90th percentile for their respective technology leadership from more than 1,500 small-cap companies with granted U.S. patents, as rated by PatentVest, MDB's proprietary intellectual property (IP) business intelligence platform.

Bruce White, TCS SVP and general counsel, commented: "MDB's top endorsement validates our growing and rich patent portfolio, which provides us competitive advantages and significantly differentiates our products and services from our competitors."

The Bright Lights Conference focuses exclusively on publicly-traded companies possessing disruptive and market-changing IP. The conference provides institutional investors with a venue to discover the largely unrecognized value of embedded IP.

As of March 31, 2011, TCS' patent portfolio included 162 patents issued in the U.S. and abroad, and more than 305 patent applications pending.

About MDB Capital Group
MDB Capital Group, LLC is an institutional research and investment banking firm focusing exclusively on small and micro-cap companies possessing market changing, disruptive intellectual property. For more information on MDB Capital Group, visit www.mdb.com.

About PatentVest
PatentVest® is a proprietary intellectual property (IP) business intelligence platform developed by MDB Capital Group. PatentVest quantifies the appropriate valuation of IP and enables the emergence of IP as an investible asset class. For more information on PatentVest please, visit www.patentvest.com.

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.

Contact Information

  • Company Contacts:
    Tom Brandt
    Senior Vice President and CFO
    TeleCommunication Systems, Inc.
    Tel 410-280-1001
    Email Contact

    Scott Liolios
    Matt Glover
    Investor Relations
    Liolios Group
    Tel 949-574-3860
    Email Contact