TeleCommunication Systems Named an Awardee on $22 Billion Enterprise Acquisition Gateway for Leading Edge II (EAGLE II) Contract 5-Year Base Award Contract Enables Department of Homeland Security to Purchase TCS Technology and Services
ANNAPOLIS, Md., May 22, 2014 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced it has been selected as an awardee under the Enterprise Acquisition Gateway for Leading Edge II (EAGLE II) contract in Functional Category 1, Service Delivery, on the Unrestricted Track. This Indefinite Delivery – Indefinite Quantity (IDIQ) five-year vehicle has an additional two-year option period and an estimated seven-year overall program contract ceiling of $22 billion.
- This contract enables the Department of Homeland Security (DHS) to purchase TCS' full range of IT services, technical and management expertise, and solutions-oriented products, including system design, development, implementation and integration; software design and development; and operations and maintenance.
- EAGLE II supports the DHS goal of a functionally-integrated department, which includes methods of operation among and between the various IT support system components for enhanced mission effectiveness and economies of scale through consolidation.
TCS Government Solutions Group President Michael Bristol said: "TCS' experience with civil public safety 9-1-1 infrastructure together with our expertise in cybersecurity and C4ISR communications engineering for the military makes our company a uniquely qualified resource for addressing DHS's needs. TCS has proudly supported the DHS mission for more than ten years on projects ranging from satellite network and bandwidth management to IT governance best practices. Now, with the selection of TCS as an awardee on EAGLE II, DHS has access to the full range of our services, with solutions tailored to the specific needs of DHS agencies."
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' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation the possibility that TCS will not win task orders under the contract, that orders do not get fully funded, and those detailed from time to time in the 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 quarter ended March 31, 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. 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.
SOURCE TeleCommunication Systems, Inc.