U.S. Marine Corps Funds Additional $17.3 Million to Procure TCS Wireless Point-to-Point Link Systems
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 $17.3 million from the U.S. Marine Corps for TCS’ Wireless Point-to-Point Link (WPPL) systems with delivery beginning mid-December 2008 through March 2009. The WPPL systems provide Marines with point-to-point and point-to-multipoint secure transmission of voice, video and data communications over terrestrial microwave radio links. Developed to satisfy critical last-mile communications, the TCS WPPL allows communicators to extend their Local Area Network (LAN) to deployed remote locations using terrestrial microwave radio links.
With this increase, TCS’ total of WPPL funding has now reached $40 million under the U.S. Marine Corps order awarded by the Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite Terminal Program (CSTP) and through the U.S. Army’s $5 billion World-Wide Satellite Systems (WWSS) contract vehicle. The WPPL delivery order contract has a potential total value of $70 million, including all option years through 2011.
“TCS is experiencing significant demand from the U.S. Marine Corps to provide the communications technology that allows our brave men and women to accomplish their missions,” said Michael Bristol, Senior Vice President, TCS Government Solutions Group. “Our WPPL technology has a proven performance record that enables soldiers to share voice, video and data. The last thing these soldiers want to worry about is whether or not they can securely communicate with one another.”
Packaged in easily transportable cases, 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 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 September 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 firstname.lastname@example.org Investor Relations: Liolios Group, Inc. Scott Liolios 949-574-3860 email@example.com
SOURCE: TeleCommunication Systems, Inc.