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MDB Capital Group Presents Prestigious Provectus Award to TeleCommunication Systems

^{Published on 2010-05-12 07:30:21 - Market Wire}
 

ANNAPOLIS, MD--(Marketwire - May 12, 2010) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: [ TSYS ]), a world leader in highly reliable and secure mobile communication technology, received the prestigious Provectus Award from MDB Capital Group at its inaugural Bright Lights Conference yesterday in San Francisco.

Latin for "most advanced," the Provectus Award was presented to the top five companies across all industries with the highest combined technology score, patent application CAGR, and number of patent grants. The Provectus Award recognizes strength of IP process leadership.

"Intellectual property is no longer an intangible asset class," said Christopher Marlett, chairman and CEO of MDB Capital Group. "MDB Capital built PatentVest to help investors easily assign a tangible value to patents, and we've proven that market leading IP is predictive of superior business performance. Companies like TeleCommunication Systems typify the market-leading IP presented at our Bright Lights Conference. We are proud to recognize its achievements with the Provectus Award, which recognizes strength of IP process leadership."

The primary selection metric used for Bright Lights is PatentVest's Tech Score, MDB's proprietary measure of the industry impact of a company's patents based upon the analysis of patent citations relative to its peer group of patents.

According to MDB, PatentVest is the product of over $4 million and 75,000 man-hours of development to build the most powerful patent database, search engine and analytic platform in the world, covering over 4,000 public and private companies, four million U.S. patents and two million U.S. patent applications. The selection process also included an analysis of a company's three-year Patent Application CAGR, the number of patents granted, patent applications on file, and Application Conversion Ratio.

As of March 31, 2010, TCS' patent portfolio included 110 patents issued in the U.S. and abroad, and over 310 patent applications pending.

About MDB Capital Group LLC
MDB Capital is an institutional research and investment banking firm that focuses exclusively on companies that possess market changing, disruptive intellectual property. For more information, visit [ www.mdb.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 ].