TCS to Ship $23.4 Million of Deployable Satellite Solutions Under U.S. Army SNAP Program
September 17 2008 - 8:12AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading
provider of mission-critical wireless communications, today
announced that it has received a $23.4 million follow-on order for
deployable satellite solutions under its Secure Internet Protocol
Router (SIPR) and Non-secure Internet Protocol Router (NIPR) Access
Point (SNAP) Very Small Aperture Terminal (VSAT) Satellite Systems
Program. This U.S. Army Communications-Electronics Life Cycle
Management Command (CECOM LCMC) Program has a potential value of
$246 million over the next 39 months if fully funded.
Following the July 2008 $2.6 million order for initial
shipments, the U.S. Army CECOM LCMC has now procured with this
$23.4 million order, an additional 122 satellite systems from TCS'
highly reliable SwiftLink� deployable communications product line.
The SNAP program was awarded under the TCS World-Wide Satellite
Systems (WWSS) contract vehicle to support the Army's need for
rapidly deployable and highly secure satellite communication access
to broadband satellite services. To date, the total awards to TCS
under the WWSS contract vehicle total more than $376 million.
The SNAP program includes options for approximately 1,500+
terminals and supporting equipment to be deployed in various sizes
and configurations over the next few years, along with up to 30
field support personnel. The company's 2007 investments in capacity
for integration, testing, and deployment of its SwiftLink and
wireless point-to-point deliverables assures timely delivery on
large volume orders that meets customer expectations.
"TCS deployable satellite solutions provide the ease-of-use,
secure and reliable communications that are necessary to support
our soldiers in the field," said Michael Bristol, senior vice
president of government solutions for TCS. "We anticipate that the
U.S. Army will continue to leverage the SNAP program in order to
provide our troops with advanced and secure SwiftLink products to
support mission-critical communications."
The TCS SwiftLink VSAT systems used to fulfill SNAP program
requirements provide multimedia communications capabilities which
convey encrypted voice, video and imagery data. TCS SwiftLink
products are highly transportable and ruggedized, with a graphical
user interface that facilitates easy set-up and operation. The
modularity and "plug and play" interfaces between all RF and
Baseband configurations inherent in the SwiftLink product line
result in communication solutions tailored to the end-user's
specific needs.
TCS has established a proven track record over the past decade
of providing highly specialized solutions to the Department of
Defense, Special Operations and Intelligence Communities, the
Department of Homeland Security and the Department of State. The
TCS SwiftLink product line meets the critical communications
demands of this elite customer set, no matter where or how they
deploy.
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 commercial 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, 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.
Company Contact: TeleCommunication Systems, Inc. Meredith Allen
410-295-1865 MAllen@telecomsys.com Media Contact: Welz & Weisel
Communications Evan Weisel 703-218-3555 evan@w2comm.com Investor
Relations: Liolios Group, Inc. Scott Liolios 949-574-3860
info@liolios.com
Telecommunication Systems (NASDAQ:TSYS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Telecommunication Systems (NASDAQ:TSYS)
Historical Stock Chart
From Jul 2023 to Jul 2024