ANNAPOLIS, Md., Aug. 12, 2014 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (Nasdaq: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced a contract awarded by Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq: SYPR), to create a 15-course customized cyber security training program to be integrated into the Sypris Cyber Range™. The Sypris-TCS partnership brings TCS' world class cyber training into Sypris' simulation-based training and modeling platform that enables a safe, realistic hands-on environment for participants to hone their individual skills and teamwork in countering cyber-attacks. The initial series of classes is scheduled to launch in Asia Pacific this month.
- Enterprises in Asia Pacific are expected to spend nearly $230 billion in 2014 to deal with issues caused by malware, according to a study conducted by IDC and the National University of Singapore.
- TCS' proven curriculum for cyber professionals encompasses a diverse learning environment that includes focused training for the protection of enterprise networks and critical infrastructure.
- The Sypris Cyber Range provides the critical platform required for organizations to simulate today's increasingly complex cyber threats, allowing customers to seamlessly integrate and continuously upgrade best of breed capability and training curricula from world-class partners to make certain that they stay ahead of their cyber adversaries.
Sypris Electronics President John Walsh stated: "Sypris is pleased to announce a strategic partnership with TCS to deliver the next generation cyber security training solution. On our Cyber Range, cyber defenders hone their individual skills and teamwork to defend against cyber adversaries. Customers view our team-oriented training, in a realistic, simulated environment as a differentiator that provides unique value to them for improving their incident response and cyber resiliency."
TCS Senior Vice President and Chief Technology Officer Drew Morin stated: "TCS and Sypris are joining forces to provide customers with the integrated Sypris Cyber Range solution at a time when we are seeing an increase in threats globally. Through this solution's state-of-the-art platform, TCS is delivering an expansion of our advanced cyber training, specifically designed to fortify customers' defense against cyber-attacks."
TCS' Cyber Intelligence Group helps harden high-value entities, systems and networks against cyber threats by implementing information assurance best practices, performing vulnerability assessments and investigating cyber malicious activity. TCS also provides focused Art of Exploitation® training and customized curriculum in the fields of penetration testing, forensics, defense strategies, vulnerability analysis and reverse engineering in a state-of-the-art training facility or at customer locations around the world. TCS brings together many of the brightest minds in cybersecurity as a resource for research, collaboration and development of best-in-class technologies to protect critical networks. To learn more, visit http://www.telecomsys.com/services/cyber-solutions/training.aspx.
About Sypris Electronics, LLC
Sypris Electronics is a global, integrated systems solutions provider. Its ruggedized electronic encryption products, cybersecurity operations and analytics products, consulting and training services, as well as electronic manufacturing capabilities are aligned through the best people, practices, and technologies to continually exceed customer expectations. Sypris consistently promotes an agile, innovative culture and a state of the art solution set by strategically partnering with leading-edge technology companies, agencies and universities. With 50 years of experience, Sypris is proud to develop, manufacture and integrate leading technologies that secure its global partners' interests. www.sypriselectronics.com.
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' cybersecurity 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' and Sypris' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include those detailed from time to time in each Company's SEC reports, including the Annual Report on Form 10-K for the year ended December 31, 2013 and on Form 10-Q for the 1st and 2nd quarters of 2014.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Neither Company undertakes any obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
SOURCE TeleCommunication Systems, Inc.