ANNAPOLIS, Md., Aug. 29, 2013 /PRNewswire/
-- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a
world leader in highly reliable and secure mobile communication
technology, today announced that it has entered into a contract
with the Defense Information Systems Agency (DISA) to provide
Managed Satellite Services, Ku satellite bandwidth, terrestrial
support and 24-hour support services for the U.S. Marine Corps'
Tactical Satellite Communications Network. The initial funding on
this award is $12.8 million for the
base 12-month period starting August 1,
2013. The contract includes four, one-year option terms,
which, if exercised, have a total contract value of $58.3 million. This contract was issued under the
joint DISA/GSA Future Commercial Satcom Acquisition program. TCS is
one of eight prime contract awardees under the $2.6 billion Custom SATCOM Solutions (CS2)
vehicle, which was awarded in August
2012. The CS2 contract has a base term of three years,
ending August 2015 with two
subsequent one-year option terms.
News Facts:
- The U.S. General Services Administration and DISA are managing
this procurement through the $2.6
billion Custom SATCOM Solutions (CS2) contract vehicle. This
is the first CS2 task order awarded directly to TCS.
- TCS will be providing the Marine Corps with commercial
satellite services to various terminals to extend the Marine Corps
Enterprise Network to deployed users.
- As real-world missions arise, TCS has created a cost-efficient
managed services solution through a network of commercial satellite
bandwidth pools that has the flexibility to increase bandwidth in
one region and decrease bandwidth in another region to support the
Marine Corps' diverse operations.
Supporting Quote:
TCS Government Solutions Group
President Michael Bristol, said:
"Through our experience with wireless point-to-point links and
commercialization projects, the Marine Corps has come to trust TCS
TotalCom® solutions. Now, we will provide further highly
reliable communication technology to deployed forces."
TCS has established a proven track record for more than 25 years
as a trusted provider of communication technology solutions for the
government's toughest technical challenges, under conditions that
demand the highest level of reliability, availability and security.
To ensure mission continuity, TCS TotalCom® offers
deployable, highly secure communication solutions and complete
end-to-end managed services for converged (IP-based) voice, video
and data solutions to organizations requiring seamless and secure
connectivity between fixed sites and remote operations.
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 options will not be exercised, 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 June 30,
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:
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Media
Contact:
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Investor
Relations:
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TeleCommunication
Systems, Inc.
|
Nadel Phelan,
Inc.
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Liolios Group,
Inc.
|
Meredith
Allen
|
Graham
Sorkin
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Scott
Liolios
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410-295-1865
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831-440-2406
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949-574-3860
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MAllen@telecomsys.com
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graham@nadelphelan.com
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info@liolios.com
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SOURCE TeleCommunication Systems, Inc.