TeleCommunication Systems Receives $11.3 Million in Additional Funding to Support Deployed Communications Systems for U.S. Mari

^{Published on 2012-07-17 05:23:35 - Market Wire}
 

TeleCommunication Systems Receives $11.3 Million in Additional Funding to Support Deployed Communications... -- ANNAPOLIS, Md., July 17, 2012 /PRNewswire/ --

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ANNAPOLIS, Md., July 17, 2012 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: [ TSYS ]), a world leader in highly reliable and secure [ mobile communication technology ], today announced that it has been awarded $11.3 million in additional funding to provide the U.S. Marine Corps (USMC) with [ field support ] services for its communications infrastructure. The U.S. Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite Terminal Program (CSTP) is managing these procurements through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.

As part of the TCS TotalCom™ portfolio, Integrated Global Support field service personnel provide technical assistance for deployed communications from core technical control facilities and data/security centers to the network edge at remote operations. The addition of these new funded positions continues TCS' support of this contract.

"The USMC needs flexible communications solutions in order to achieve their mission objectives, and the right technical support is a key element of those solutions," said Michael Bristol, senior vice president and general manager of government solutions at TCS. "We are honored to provide these additional positions, covering various technical skill sets that will deliver the expertise the USMC deserves."

TCS integrated global support services harness more than 20 years of experience in serving Integrated Logistics Support (ILS) customers in and outside the continental United States, including war zones. Combining satellite, wireless and advanced network engineering services with in-theater facilities and staff, TCS ILS cost-effectively supplements the military's complex support requirements in the installation and maintenance of communications networks around the globe.

TCS has established a proven track record for more than two decades as a trusted provider of 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 TotalCom offers deployable, highly [ secure communication ] 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, 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 ].  

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 will not be fully funded, and those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2010, and on Form 10-Q for the quarter ended March 31, 2012.

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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SOURCE TeleCommunication Systems, Inc.

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[ http://www.telecomsys.com ]