TeleCommunication Systems Receives $18 Million in Funded Orders from U.S. Army for SNAP Deployable Satellite Systems Support
ANNAPOLIS, Md., Oct. 22, 2012 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has received $18 million in funded orders for field services support and maintenance of Secret Internet Protocol Router and Non-secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems. The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding this procurement through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
"It's imperative for our military to have secure, easily deployable and dependable satellite communications systems and the knowledgeable support to ensure uninterrupted operations," said Michael Bristol, senior vice president and general manager of government solutions for TCS. "With the dedicated support of TCS' experienced field service personnel, our brave warriors can rely on the satellite systems they need to achieve mission success."
The TCS SNAP VSAT systems provide multimedia communications capabilities which convey encrypted voice, video and data. TCS SNAP 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 SNAP 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, 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 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 report on Form 10-K for the year ended December 31, 2011, and on Form 10-Q for the quarter ended June 30, 2012.
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.
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