TeleCommunication Systems Receives $12.8 Million in Funding From U.S. Army for SNAP Deployable Satellite Systems and Support
June 21 2011 - 10:00AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in highly reliable and secure mobile communication
technology, today announced that it has received an additional
$12.8 million in funding from the U.S. Army for equipment and field
services support of Secret Internet Protocol Router and Non-secure
Internet Protocol Router Access Point (SNAP) Very Small Aperture
Terminal (VSAT) satellite systems. These awards are the result of
exercised options on five existing delivery orders issued by the
U.S. Army Communications - Electronics Life Cycle Management
Command.
This additional SNAP funding will provide equipment and support
for TCS' highly reliable SwiftLink® deployable communications
products. The U.S. Army Project Manager for the Warfighter
Information Network - Tactical (PM WIN-T) Commercial Satellite
Terminal Program is funding these procurements through the Army's
$5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
Under the SNAP program, customers can exercise options and add
funding through August 2011 for delivery per the term of the
discrete order. The SNAP program includes options for approximately
1,500 terminals and supporting equipment to be deployed in various
sizes and configurations, along with up to 30 field-support
positions. Under the WWSS procurement vehicle, customers may place
orders through August 2011 for delivery up to a year
thereafter.
"Ongoing military efforts throughout the world demand secure
deployable communications systems," said Michael Bristol, senior
vice president and general manager of government solutions for TCS.
"Field-proven reliable systems and support are what the brave men
and women of our armed force deserve as they carry out their
missions. TCS considers it a great honor to have been entrusted to
deliver what our warfighters need -- whether in terms of tactical
satellite systems or in-theatre support -- as they complete their
mission."
The TCS SwiftLink VSAT systems used to fulfill SNAP program
requirements provide multimedia communications capabilities which
convey encrypted voice, video and data. TCS SwiftLink products are
highly transportable and ruggedized, and have a graphical user
interface that facilitates easy set-up and operation. The
modularity and plug-and-play interfaces between all radio frequency
(RF) and baseband configurations inherent in the SwiftLink product
line result in communication solutions tailored to the end-user's
specific needs.
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 and
professional services 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 the possibility that
the contract options will not be exercised, or that the total value
of the order will 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, 2010, and on Form 10-Q for the
quarter ended March 31, 2011.
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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