US Army Contracts TeleCommunications Systems Inc to provide Space Segment for Command Operations.
TeleCommunications Systems Inc. receives $1.2 million dollars as well as one-year contract.
TeleCommunications Systems Inc receives $1.2 Million Dollars along with a one-year contract to work with the US Army… TeleCommunications Systems Inc trades on the “NASDAQ” under the Stock Symbol ”TSYS”. For the Latest information regarding “TSYS”, make sure to visit the Most Exclusive and In Depth newsletter website at:http://www.wallstreetgrand.com/.
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TeleCommunication Systems Inc., a wireless and satellite equipment manufacturer stated that they are to receive a $1.2-million, one-year contract to work with the U.S. Army Central Command. The Annapolis company said it will provide space segment for Central Command's satellite operations. The contract is from the Defense Information Technology Contracting Office.
About TeleCommunications Systems Inc:
TeleCommunication Systems, Inc. engages in the development and application of wireless data communications technology in the United States and internationally. It focuses on text messaging and location-based services, including enhanced 9-1-1 (E9-1-1) for wireless carriers and voice over Internet protocol (VoIP) service providers, and secure satellite-based communication solutions for government customers. The company operates in two segments, Government and Commercial. The Government segment provides communication systems integration, information technology services, and software solutions to the U.S. Department of Defense and other government customers. It also owns and operates satellite teleport facilities; resells access to satellite airtime; and designs, furnishes, installs, and operates wireless and data network communication systems, including its SwiftLink deployable communication systems, which incorporate high speed, satellite, and Internet protocol technology used for security, defense, and law enforcement worldwide. The Commercial segment offers carrier software system products that enable wireless carriers to deliver short text messages, location information, Internet content, and other enhanced communication services to and from wireless phones. It also provides E9-1-1 services, commercial location-based services, and inter-carrier text message distribution services on a hosted, or service bureau basis. In addition, this segment offers Rand McNally Traffic, a wireless application on a subscription basis. As of December 31, 2008, the company provided hosted services under contracts with approximately 40 wireless carrier networks and VoIP service providers. It has strategic partnerships with Motorola and Alcatel-Lucent. The company was founded in 1987 and is headquartered in Annapolis, Maryland.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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