World-Wide Satellite Systems Contract Award Momentum Continues for TCSANNAPOLIS, MD, May 30, 2007 (MARKET WIRE via COMTEX News Network) -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical wireless communications, today announced the award of a $2.3 million contract to provide satellite hardware to the Program Management Defense Communications and Army Transmission System (PM DCATS) team at Ft. Monmouth, N.J. This is the fifth award TCS has received under the World-Wide Satellite Systems (WWSS) contract vehicle. Revenues are expected to be realized during Q2 and Q3 of 2007, due to the 97-day period of performance requirement.
PM DCATS provides centralized, intensive project management of communications transmission systems projects and other special programs, worldwide. The programs provide the critical bandwidth required for the Global Information Grid and support the Department of Defense (DoD) transformation by developing and fielding communications systems capable of overcoming existing -- and projected -- bandwidth constraints.
"PM DCATS continues to demonstrate its confidence in TCS' satellite communications knowledge and ability to satisfy mission-critical communications requirements as TCS is a prime contractor in this program," said Michael Bristol, Senior Vice President, Network Solutions for TCS. "The WWSS contract allows TCS the opportunity to apply the experience gained by deploying our mobile communications solutions to enhance and sustain associated fixed infrastructure. TCS contributes to the warfighter's success by strengthening both ends of the communications equation, from tactical to strategic assets."
Federal customers rely on TCS for secure uplink and SATCOM service consistent with a proven high degree of availability. TCS' SATCOM services are widely deployed worldwide by government agencies with high reliability and are supported with TCS' best-in-class customer service.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems and engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless and VoIP operators around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit http://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 statement that revenues from this contract are expected to be realized in the second and third quarters of 2007 and those risk factors detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K for the year ended December 31, 2006, and 10-Q for the quarter ended March 31, 2007.
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.
TeleCommunication Systems, Inc.
Welz & Weisel Communications
Jane Bryant/Evan Weisel
SOURCE: TeleCommunication Systems, Inc.