TeleCommunication Systems Receives $9.6 Million Equipment Order From U.S. Army for Unmanned Aircraft Systems (UAS) Project Offic
October 19 2010 - 7:30AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in high availability and secure mobile communication
technology, today announced that it has been awarded a new order
with a ceiling value of $9.6 million to provide 3-D terrain mapping
software and database models as well as training and exercises to
the U.S. Army. This order is initially funded at $5.4 million and
will be funded up to a total of $9.6 million if the options are
fully exercised through 2011. This order is funded by the Program
Executive Office Aviation (PEO AVN) and relates to the continued
supply of equipment to the UAS Project Office and the SUAV Product
Office.
This award was made under the Army's $5 billion World-Wide
Satellite Systems (WWSS) Indefinite Delivery Indefinite Quantity
(IDIQ) contract vehicle in support of the Project Manager for the
Warfighter Information Network-Tactical (PM WIN-T). Under the WWSS
procurement vehicle, customers may place orders through August 2011
for delivery up to a year thereafter.
"Intelligence, surveillance and reconnaissance have long been
the linchpins of strong command and control capabilities for the
military," said Michael Bristol, senior vice president of
government solutions for TCS. "TCS provides a wealth of solutions
that support these critical strategies in theatres around the
world."
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 offers
a family of deployable communications solutions, SwiftLink®, and
complete end-to-end managed services for converged (IP-based)
voice, video and data solutions to organizations requiring
seamless, highly 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. 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
that the order might not be fully funded, and 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 June 30, 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.
Company Contact: TeleCommunication Systems, Inc. Meredith
Allen 410-295-1865 Email Contact Media Contact: Welz &
Weisel Communications Evan Weisel 703-218-3555 Email Contact
Investor Relations: Liolios Group, Inc. Scott Liolios
949-574-3860 Email Contact
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