TeleCommunication Systems Receives $4.1 Million in Funding From U.S. Army for SNAP Deployable Satellite Systems Equipment and Su
October 25 2010 - 6:30AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in highly reliable and secure mobile communication
technology, today announced that it has received an additional $4.1
million in funding from the U.S. Army for equipment and maintenance
of Secret Internet Protocol Router (SIPR) and Non-secure Internet
Protocol Router (NIPR) Access Point (SNAP) Very Small Aperture
Terminal (VSAT) Satellite Systems. These awards are exercised
options on existing Delivery Orders issued by the U.S. Army
Communications-Electronics Life Cycle Management Command (CECOM
LCMC).
This additional increment of SNAP funding will provide equipment
and support of TCS' highly reliable SwiftLink® deployable
communications products. The U.S. Army Project Manager for the
Warfighter Information Network-Tactical (PM WIN-T) Commercial
Satellite Terminal Program (CSTP) is funding these procurements
through the Army's $5 billion World-Wide Satellite Systems (WWSS)
contract vehicle. Under the SNAP program customers can exercise
options and add funding through August 2011 for delivery per the
term of the discrete order. The SNAP program includes options for
approximately 1,500 terminals and supporting equipment to be
deployed in various sizes and configurations, along with up to 30
field support positions. Under the WWSS procurement vehicle,
customers may place orders through August 2011 for delivery up to a
year thereafter.
"Secure, deployable communications systems are essential to
continuing military efforts throughout the world," said Michael
Bristol, senior vice president and general manager of government
solutions for TCS. "The men and women serving our country deserve
field-proven, reliable systems and support to accomplish their
missions. TCS is honored that we have been entrusted to deliver the
equipment and the personnel our warfighters need -- whether
tactical satellite systems or in-theatre support -- to help them
get the job done."
The TCS SwiftLink VSAT systems used to fulfill SNAP program
requirements provide multimedia communications capabilities which
convey encrypted voice, video and 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.
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 and
professional services. Headquartered in Annapolis, MD, TCS
maintains technical, service and sales offices around the
world.
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 reports on Form
10-K for the year ended December 31, 2009, and on Form 10-Q for the
quarter ended June 30, 2010.
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 Email Contact Media Contact: Welz &
Weisel Communications Evan Weisel 703-218-3555 Email Contact
Investor Relations: Liolios Group, Inc. Scott Liolios
949-574-3860 Email Contact
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