TeleCommunication Systems Receives $9.9 Million in Orders to Supply Electronic Equipment and Engineering Services
July 11 2011 - 6:00AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in highly reliable and secure mobile communication
technology, today announced that it has received orders worth $9.9
million to supply high reliability electronic parts, engineering
services and long-term parts storage over a three-year period. The
services and components are for satellites being built by
commercial entities and the Japanese government for a range of
applications.
The new business indicates continued momentum for the Trident
Space & Defense business, which was acquired by TCS in January
of this year, and is now part of TCS' Government business unit. The
Trident team has worked with the Japanese space community for more
than 30 years, supplying engineering services, technical support
and high reliability electronic parts for use in that community's
satellites and launch vehicles.
"Our customers in Japan have come to expect the high level of
reliability in the equipment, engineering support, and customer
service we've been providing them for the past three decades," said
Mike Bristol, senior vice president and general manager of
government solutions for TCS. "Our ability to solve their toughest
challenges with practical solutions continues to exceed our
customers' expectations. That's how we've earned an unparalleled
reputation for excellence in the space industry."
TCS supplies high reliability electronic parts, materials,
quality assurance services, radiation tolerant components, rugged
solid state drives, custom packaging and other products and
services for the aerospace, military and industrial markets. The
Trident team has performed total parts management for nearly every
major space agency worldwide since it was founded in 1976; and it
has supplied components, parts and materials for over 150
spacecraft manufactured in Europe, Asia and the Americas. TCS is
dedicated to high reliability components, parts and materials and
serves the space community with a broad range of capabilities and
services essential to reliable and long-life spacecraft.
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 our anticipation of
exceeding customer satisfaction, 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, 2010 and on Form 10-Q for the
quarter ended March 31, 2011. 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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