TeleCommunication Systems Named Awardee on Multi-Year Agreement to Provide up to $5 Million per Year of Consulting, IT, and S...
August 22 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 been named as an awardee
under a blanket purchase agreement (BPA) to provide consulting,
information technology (IT), and support services to the U.S. Army.
The potential value of awards under this BPA is $5 million per year
through January 2013.
TCS was selected through a competitive bidding process. The
agreement allows TCS to bid on task orders for IT service
management, network services, data center management, distributed
computing, and application management through a state-of-the-art,
scalable, performance-based service management and delivery
framework.
"The fact that TCS was chosen for this contract is an
endorsement of our competency and expertise in the provision of
highly reliable IT services," said Michael Bristol, senior vice
president and general manager of government solutions for TCS.
"These types of enterprise IT services are what we've been
providing within the defense community for over two decades. We
know the mission and we know how to get the job done."
This agreement represents an expansion of TCS' existing
relationship with the U.S. Army, for which it has been providing
communications systems and services for five years. It is also a
continuation of twenty-three years of TCS' provision of enterprise
IT services to federal, state and local government customers.
For more information about TCS' IT services, please visit:
www.telecomsys.com/IT
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 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 June 30, 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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