TeleCommunication Systems Receives $6.9 Million in Funding to Develop Intelligent Tutoring Authoring and Delivery System Prototype for U.S. Navy
ANNAPOLIS, Md., Aug. 1, 2013 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has been awarded $6.9 million in funding for research and development of the Intelligent Tutoring Authoring and Delivery System (ITADS) for the U.S. Navy. TCS is the prime contractor on this 26-month contract, which runs through September 2015.
- Intelligent tutoring technologies have shown great potential toward improving training effectiveness as compared to traditional training methods, but historically have been costly to develop and maintain.
- TCS' ITADS work will assist the Navy to develop cost-effective intelligent tutoring systems while maximizing training effectiveness.
- ITADS research will initially be focused on computer systems and security skill sets, and if successful, ITADS will enable the Navy to apply intelligent tutoring to other critical skill sets throughout Navy training.
- The TCS ITADS team has years of experience in Navy operations and training, systems engineering processes, instructional content development and program management.
The ITADS effort is the first project of its kind for TCS and is part of the company's plan to apply its talent pool and experience in communication systems and security education. TCS provides comprehensive, secure communications products and solutions, in addition to training and professional technology services in support of computer network operations. It leverages its leadership, program management IT domain expertise and familiarity with government and enterprise environments to develop and deliver systems that support each customer's unique research objectives.
TCS Senior Vice President and Chief Technology Officer Drew Morin said: "The U.S. Navy leadership recognizes the huge potential that intelligent tutoring technologies can have on increasing the proficiency of the Navy's sailors. Through ITADS, TCS will help the Navy conduct additional research to prove the cost effectiveness of intelligent tutoring training systems. With critical skill shortages in key areas such as cybersecurity and budget constraints limiting training pipelines, intelligent tutoring can be a game changer for our nation's warfighters. TCS strives to remain at the forefront of cutting-edge training solutions for the Department of Defense's most critical skill sets in the cyber and IT fields, and this contract shows confidence in our ability."
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 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, 2012, and on Form 10-Q for the quarter ended March 31, 2013.
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.