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TeleCommunication Systems Appoints Jude Panetta as Vice President of Government Systems
ANNAPOLIS, MD and TAMPA, FL--(Marketwire - July 19, 2010) - TeleCommunication Systems, Inc. (TCS) (
Mr. Panetta brings 20 years of experience in managing manufacturing and engineering operations and product based businesses. His experience ranges from electro-mechanical equipment to advanced telecommunications and satellite technologies. Most recently, he contracted as an operations specialist, market strategist and financial analyst for a range of enterprises. In these roles, Mr. Panetta managed diligence processes related to operations, marketing and engineering and devised product development strategies. Prior to his work as an independent contractor, Mr. Panetta served as president and CEO of ASC Signal Corporation and held senior positions at Andrew Corporation, Celiant and Adtran, Inc. He is a graduate of GE's Manufacturing Management Program and holds a bachelor's degree in mechanical engineering from the University of Virginia.
"Mr. Panetta brings vast experience and a track record of success in the provision and management of strategic operation plans," stated Bristol. "Our Government Solutions Group continues to grow by providing new and innovative communications technologies to warfighters and other customers around the world. We believe Mr. Panetta's product development and customer implementation experience is an ideal addition to the leadership team. His background in manufacturing and engineering is highly valuable and we look forward to him joining our rapidly expanding Government group."
The TCS Government Solutions Group began as a systems integrator in 1987. Today, TCS is a leading provider of fixed and deployable communication solutions for government customers and mobile operators requiring high reliability and security, including the U.S. Army, Air Force, Navy and Marine Corp, Unified Combatant Commands, U.S. Department of State, U.S. Department of Homeland Security, U.S. Secret Service and various U.S. intelligence agencies.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (
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 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, 2009 and 10-Q for the quarter ended March 31, 2010.
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.