ANNAPOLIS, Md., Aug. 1, 2013 /PRNewswire/ -- TeleCommunication
Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly
reliable and secure mobile communication technology, today
announced that it has been awarded $6.9
million in funding for research and development of the
Intelligent Tutoring Authoring and Delivery System (ITADS) for the
U.S. Navy. TCS is the prime contractor on this 26-month contract,
which runs through September
2015.
News Facts:
- Intelligent tutoring technologies have shown great potential
toward improving training effectiveness as compared to traditional
training methods, but historically have been costly to develop and
maintain.
- TCS' ITADS work will assist the Navy to develop cost-effective
intelligent tutoring systems while maximizing training
effectiveness.
- ITADS research will initially be focused on computer systems
and security skill sets, and if successful, ITADS will enable the
Navy to apply intelligent tutoring to other critical skill sets
throughout Navy training.
- The TCS ITADS team has years of experience in Navy operations
and training, systems engineering processes, instructional content
development and program management.
The ITADS effort is the first project of its kind for TCS and is
part of the company's plan to apply its talent pool and experience
in communication systems and security education. TCS provides
comprehensive, secure communications products and solutions, in
addition to training and professional technology services in
support of computer network operations. It leverages its
leadership, program management IT domain expertise and familiarity
with government and enterprise environments to develop and deliver
systems that support each customer's unique research
objectives.
Supporting Quote:
TCS Senior Vice President and Chief Technology Officer
Drew Morin said: "The U.S. Navy
leadership recognizes the huge potential that intelligent tutoring
technologies can have on increasing the proficiency of the Navy's
sailors. Through ITADS, TCS will help the Navy conduct additional
research to prove the cost effectiveness of intelligent tutoring
training systems. With critical skill shortages in key areas such
as cybersecurity and budget constraints limiting training
pipelines, intelligent tutoring can be a game changer for our
nation's warfighters. TCS strives to remain at the forefront of
cutting-edge training solutions for the Department of Defense's
most critical skill sets in the cyber and IT fields, and this
contract shows confidence in our ability."
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 the possibility that
the contract will not be fully funded, 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,
2012, and on Form 10-Q for the quarter ended March 31, 2013.
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.
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Company
Contact:
|
Media
Contact:
|
Investor
Relations:
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TeleCommunication
Systems, Inc.
|
Nadel Phelan,
Inc.
|
Liolios Group,
Inc.
|
Meredith
Allen
|
Graham
Sorkin
|
Scott
Liolios
|
410-295-1865
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831-440-2406
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949-574-3860
|
MAllen@telecomsys.com
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graham@nadelphelan.com
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info@liolios.com
|
SOURCE TeleCommunication Systems, Inc.