TeleCommunication Systems Receives $3.6 Million in Funding From U.S. Army for SNAP Deployable Satellite Systems and Maintenan...
July 21 2011 - 7:30AM
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 $3.6
million in funding from the U.S. Army for equipment and maintenance
of Secret Internet Protocol Router and Non-secure Internet Protocol
Router Access Point (SNAP) Very Small Aperture Terminal (VSAT)
satellite systems. The funding is the result of exercised options
on three previously issued delivery orders from the U.S. Army
Communications - Electronics Life Cycle Management Command.
This additional SNAP funding will provide the U.S. Army with
equipment and support for TCS' 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.
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.
"This procurement affirms our ongoing ability to support the
military's need for highly reliable deployable satellite
communications systems," said Michael Bristol, senior vice
president and general manager of government solutions for TCS.
"When it comes to carrying out their missions, the U.S. armed
forces need field-proven systems and support they can trust. The
fact that the military continues to turn to us for deployable
satellite communications equipment demonstrates the strength and
reliability of our systems."
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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