U.S. Marine Corps Funds Additional $17.3 Million to Procure TCS Wireless Point-to-Point Link Systems
November 11 2008 - 8:45AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading
provider of mission-critical wireless communications, today
announced that it has received additional contract funding in the
amount of $17.3 million from the U.S. Marine Corps for TCS'
Wireless Point-to-Point Link (WPPL) systems with delivery beginning
mid-December 2008 through March 2009. The WPPL systems provide
Marines with point-to-point and point-to-multipoint secure
transmission of voice, video and data communications over
terrestrial microwave radio links. Developed to satisfy critical
last-mile communications, the TCS WPPL allows communicators to
extend their Local Area Network (LAN) to deployed remote locations
using terrestrial microwave radio links.
With this increase, TCS' total of WPPL funding has now reached
$40 million under the U.S. Marine Corps order awarded by the Army
Project Manager for the Warfighter Information Network-Tactical (PM
WIN-T) Commercial Satellite Terminal Program (CSTP) and through the
U.S. Army's $5 billion World-Wide Satellite Systems (WWSS) contract
vehicle. The WPPL delivery order contract has a potential total
value of $70 million, including all option years through 2011.
"TCS is experiencing significant demand from the U.S. Marine
Corps to provide the communications technology that allows our
brave men and women to accomplish their missions," said Michael
Bristol, Senior Vice President, TCS Government Solutions Group.
"Our WPPL technology has a proven performance record that enables
soldiers to share voice, video and data. The last thing these
soldiers want to worry about is whether or not they can securely
communicate with one another."
Packaged in easily transportable cases, WPPL provides the end
user with flexibility in determining the scope of Local Area
Network (LAN) communications. From the WPPL hub station outward to
fielded units, military-standard communications security (COMSEC)
and transmission security (TRANSEC) capabilities ensure the
security of data communications.
Key features of TCS WPPL include:
-- Simultaneous point-to-point and point-to-multipoint capabilities
-- User selectable dual frequency bands (4.4-5.0 GHz and 5.4-5.7 GHz)
-- Flexible network topologies
-- Interoperability with existing fielded data communication systems
-- Support for voice (VoIP) and IP telephony, video (teleconferencing,
live or streaming), and data
The TCS Government Solutions Group began as a systems integrator
in 1987. Today, TCS provides engineering, management, and
professional services to the public sector and 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, U.S. Air Force,
U.S. Navy, Unified Combatant Commands, U.S. Department of State,
U.S. Department of Homeland Security, U.S. Secret Service, and
various U.S. intelligence agencies.
For more information on TCS WPPL solutions, visit:
http://www.telecomsys.com/government/TCS_Wireless_PPL_WPPL
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) engineers
and delivers highly reliable wireless communications technology.
TCS is a leader in wireless text messaging and location-based
technology, including E9-1-1 services and commercial applications
like navigation that use the precise location of a wireless device,
and secure satellite-based communications systems and services.
Customers include leading wireless and VoIP carriers around the
world, cable MSOs, automotive telematics vendors, and agencies of
the U.S. Departments of Defense, State, and Homeland Security. TCS
is one of six primary vendors on a $5 billion Army Worldwide
Satellite Systems Contract vehicle. For more information, 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 delivery order will not be fully funded, the possibility that
equipment will not be delivered on time, the prospect that this
order may be the foundation for additional large project wins, the
possibility that large-scale production requirements could impair
our ability to deliver, 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, 2007 and Form 10-Q for the quarter ended
September 30, 2008.
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.
Company Contact: TeleCommunication Systems, Inc. Meredith Allen
410-295-1865 MAllen@telecomsys.com Media Contact: Welz & Weisel
Communications Evan Weisel 703-218-3555 evan@w2comm.com Investor
Relations: Liolios Group, Inc. Scott Liolios 949-574-3860
info@liolios.com
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