U.S. Marine Corps Funds Additional $7 Million Contract for TCS Wireless Point-to-Point Link Systems
September 03 2008 - 7:00AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading
provider of mission-critical wireless communications, today
announced that it has received additional contract funding in the
amount of $6.9 million from the U.S. Marine Corps for 43 Wireless
Point-to-Point Link (WPPL) systems for deployed troops overseas.
This funding increases the total of deployed WPPL systems to 73.
TCS expects further follow-on funding within several weeks for
another 113 systems. The TCS WPPL systems provide deployed Marines
with point-to-point and point-to-multipoint secure transmission of
voice, video and data communications over terrestrial microwave
radio links.
This latest contract brings the total value of TCS WPPL systems
purchased by the U.S. Marine Corps under the 2007 World-Wide
Satellite Systems contract to $14.3 million, with a potential total
value of $71 million, including all option years through 2011.
"TCS has over 20 years of experience in providing wireless
communications solutions to our government and has successfully
supported numerous deployed Marine Corps units in Operation
Enduring Freedom and Operation Iraqi Freedom," said Michael
Bristol, Senior Vice President, TCS Government Solutions Group. "We
understand the unique communications needs of our forces, and WPPL
is designed to withstand the adverse conditions of current military
operational theaters while providing secure, uninterrupted
transmission of information over long distances."
Packaged in six easily transportable cases with a total weight
of under 1,000 pounds, WPPL provides the end user with flexibility
in determining the scope of Local Area Network (LAN)
communications. From the WPPL hub station outward to fielded units,
military-standard communications security (COMSEC) and transmission
security (TRANSEC) capabilities ensure the security of data
communications.
Key features of TCS WPPL include:
-- Simultaneous point-to-point and point-to-multipoint capabilities
-- User selectable dual frequency bands (4.4-5.0 GHz and 5.4-5.7 GHz)
-- Flexible network topologies
-- Interoperability with existing fielded data communication systems
-- Support for voice (VoIP) and IP telephony, video (teleconferencing,
live or streaming), and data
The TCS Government Solutions Group began as a systems integrator
in 1987. Today, TCS provides engineering, management, and
professional services to the public sector and is a leading
provider of fixed and deployable communication solutions for
government customers and mobile operators requiring high
reliability and security, including the U.S. Army, U.S. Air Force,
U.S. Navy, Unified Combatant Commands, U.S. Department of State,
U.S. Department of Homeland Security, U.S. Secret Service, and
various U.S. intelligence agencies.
For more information on TCS WPPL solutions, visit:
http://www.telecomsys.com/government/TCS_Wireless_PPL_WPPL
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) engineers
and delivers highly reliable wireless communications technology.
TCS is a leader in wireless text messaging and location-based
technology, including E9-1-1 services and applications like
navigation that use the precise location of a wireless device, and
secure satellite-based communications systems and services.
Customers include leading wireless and VoIP carriers around the
world, cable MSOs, automotive telematics vendors, and agencies of
the U.S. Departments of Defense, State, and Homeland Security. TCS
is one of six primary vendors on a $5 billion Army Worldwide
Satellite Systems Contract vehicle. For more information, 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 delivery order will not be fully funded as expected, or that
funding will not be received as quickly as anticipated, the
possibility that equipment will not be delivered on time, the
prospect that this order may be the foundation for additional large
project wins, the possibility that large-scale production
requirements could impair our ability to deliver, 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, 2007 and
Form 10-Q for the quarter ended June 30, 2008.
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.
Media Contacts: TeleCommunication Systems, Inc. Welz &
Weisel Communications Meredith Allen 410-295-1865
MAllen@telecomsys.com Evan Weisel 703-218-3555 evan@w2comm.com
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