High-Profile $75 Million Information Technology Professional Services Contract Offers Procurement Cornerstone for Building Out the Army IT Enterprise
ANNAPOLIS, MD, Dec 29, 2008 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today announced that it has teamed with Booz Allen Hamilton, a leading strategy and technology consulting firm, to provide the United States Army Information Technology Agency (ITA), the technology component of the Office of the Administrative Secretary of the Army (OAA) with a broad range of information technology professional services. The primary mission of the ITA is to provide information technology support to the Department of Defense military organizations in the Pentagon and throughout the National Capital Region. As sub-contractor, TCS currently has received orders totaling $1.25 million.
The ITES-2S scope includes a full range of services and solutions necessary for the Army to satisfy its support of Army net-centric goals with IT services worldwide. Specifically, Booz Allen and TCS are supporting the OAA Information Technology Agency (ITA) with enterprise architecture related services including project management, information assurance, call center services, financial asset management support, DoD directory support, Web site development, Web site management, wireless support, billing and budget support, Continuity of Operations (COOP), engineering support and IT implementation.
"Our team is pleased to be working with a reputable and first-class organization such as Booz Allen on a project that will ensure that OAA and ITA meet future enterprise architecture requirements," said Michael Bristol, Senior Vice President of TCS' Government Solutions Group. "TCS is heavily involved supporting the OAA ITA so we have a deep understanding of their technology and process requirements. This enables us to hit the ground running without any type of learning curve needed."
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About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, 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 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, 2007, and Form 10-Q for the quarter ended September 30, 2008.
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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SOURCE: TeleCommunication Systems, Inc.