ANNAPOLIS, MD -- (Marketwire) -- 08/22/11 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has been named as an awardee under a blanket purchase agreement (BPA) to provide consulting, information technology (IT), and support services to the U.S. Army. The potential value of awards under this BPA is $5 million per year through January 2013.
TCS was selected through a competitive bidding process. The agreement allows TCS to bid on task orders for IT service management, network services, data center management, distributed computing, and application management through a state-of-the-art, scalable, performance-based service management and delivery framework.
"The fact that TCS was chosen for this contract is an endorsement of our competency and expertise in the provision of highly reliable IT services," said Michael Bristol, senior vice president and general manager of government solutions for TCS. "These types of enterprise IT services are what we've been providing within the defense community for over two decades. We know the mission and we know how to get the job done."
This agreement represents an expansion of TCS' existing relationship with the U.S. Army, for which it has been providing communications systems and services for five years. It is also a continuation of twenty-three years of TCS' provision of enterprise IT services to federal, state and local government customers.
For more information about TCS' IT services, please visit: www.telecomsys.com/IT
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 those detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended December 31, 2010, and on Form 10-Q for the quarter ended June 30, 2011.
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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