TeleCommunication Systems Receives $19 Million Delivery Order from U.S. Army for SNAP
Wednesday, August 01, 2012
Posted by: Gretchen Snow
TeleCommunication Systems Receives $19 Million Delivery Order from U.S. Army for SNAP Deployable Satellite Systems Equipment and Support
ANNAPOLIS, Md., Aug. 1, 2012 /PRNewswire/ --
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has received a new $19 million delivery order from the U.S. Army for equipment, field services support and maintenance of Secret Internet Protocol Router and Non-secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems. The funding is the result of a successful bid on a task order for satellite communications equipment and support from the U.S. Army Communications-Electronics Command.
The order is initially funded at $700 thousand and will be funded up to a total of $19 million if the options are fully exercised. This new order will provide the U.S. Army with equipment and support for TCS' SNAP deployable communications products. The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding these procurements through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.
"The U.S. armed forces need satellite communications systems that are easily deployed, secure and reliable," said Michael Bristol, senior vice president and general manager of government solutions for TCS. "TCS' SNAP VSAT satellite systems equipment meets these criteria and can help our military succeed."
The TCS SNAP VSAT systems provide multimedia communications capabilities which convey encrypted voice, video and data. TCS SNAP products are highly transportable and ruggedized, and have a graphical user interface that facilitates easy set-up and operation. The modularity and plug-and-play interfaces between all radio frequency (RF) and baseband configurations inherent in the SNAP product line result in communication solutions tailored to the end-user's specific needs.
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, or that the total value of the order 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, 2011, and on Form 10-Q for the quarter ended March 31, 2012.
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: Meredith Allen 410-295-1865
Media Contact: Nadel Phelan, Graham Sorkin 831-440-2406
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SOURCE TeleCommunication Systems, Inc.