TeleCommunication Systems Awarded Contract to Deliver Department of Defense Cybersecurity Training
Thursday, September 24, 2015
Posted by: Megan Mann
TCS' Cyber Intelligence Group Supports Five-year Training Program
ANNAPOLIS, Md., Sept. 23, 2015 -- TeleCommunication Systems (TCS) (NASDAQ: TSYS) today announced that it has been named the awardee of a competitive five-year contract extension (a base plus five option periods) valued at approximately $68 million to provide the Department of Defense's (DoD's) personnel with critical curriculum development and training delivery services to support the government's cybersecurity workforce development.
TCS will leverage its Art of Exploitation® cybersecurity portfolio, one of the most sought after, government-specific cybersecurity services and training programs to complement and enhance the training delivery. TCS also will leverage its PerformanScore® tool to deliver performance-based testing, an evolution in modern-day cyber training. TCS' curriculum has been used for advanced cybersecurity training of more than 12,000 government and enterprise professionals since 2009.
TCS Senior Vice President and Chief Technology Officer Drew Morin said: "The DoD's cyber workforce development efforts are one of our nation's top priorities. This contract renewal acknowledges our proven track record of excellence in developing and delivering complex cybersecurity operations training at the scale and demanding operational tempo required by our nation's warfighters. TCS' expert cybersecurity instructors and continuously updated curriculum fully support the government's objective to fortify mission-critical assignments with experienced and knowledgeable professionals."
About Art of Exploitation® (AoE™) Portfolio
AoE Training is customized instruction in the fields of penetration testing, forensics, defense strategies, vulnerability analysis, software development and reverse engineering. The AoE portfolio includes PerformanScore, a performance based testing tool that is the first of its kind, enabling skill-level assessments. Our instructors provide training our state-of-the-art training facility in Hanover, Maryland and across the globe. AoE Services are information assurance best practices guidance, perform vulnerability assessments and malicious cyber activity investigation. AoE Labs conduct security testing and validation of application and software source code. AoE gathers the brightest minds in the cybersecurity realm for research, collaboration and development of industry leading technologies to protect critical networks. To learn more, visit http://www.artofexploitation.com.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS), headquartered in Annapolis, Maryland, is a world leader in secure and highly reliable wireless communications. Our patented solutions, global presence, operational support and engineering talent enable 9-1-1, commercial location-based services and deployable wireless infrastructure; cybersecurity; defense and aerospace components; and applications for mobile location-based services and messaging. Our principal customers are wireless network operators, defense and public safety government agencies, and Fortune 150 enterprises requiring high reliability and security. Learn more at 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 the possibility that 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, 2014 and Form 10-Q for the quarter ended June 30, 2015.
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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