TeleCommunication Systems Signs Five-Year, Multi-Million Dollar Contract Extension With Tier One Wireless Carrier to Provide E9-1-1 Services
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that the company has signed a five-year contract extension with a Tier One U.S. wireless carrier to provide wireless E9-1-1 services through August 2016. TCS will continue supporting the carrier’s emergency service needs to ensure that their wireless customers’ distress calls are routed to the appropriate Public Safety Answering Point (PSAP) together with the caller’s precise location information.
As PSAPs continue to evolve and incorporate cutting-edge technology for displaying caller locations, it is critical that carriers have access to the necessary services and support to ensure effective wireless E9-1-1 services. This contract extension allows the carrier to continue to focus on high-value wireless services to its millions of subscribers while TCS maintains the required wireless E9-1-1 emergency services.
“The challenges and requirements necessary for wireless operators to stay on top of the new technologies and mandates for emergency services can be daunting,” said Chris Nabinger, senior vice president of safety and security for TCS. “We take pride in providing our customers with a fully hosted solution that not only offers their users the safety and security they expect, but does so in an affordable and easy-to-implement package.”
TCS has been a pioneer and leader in developing technology to enhance public safety. The company is at the forefront of providing standards-based solutions that are highly reliable and easily outsourced to both telecommunications carriers and public safety agencies. Today, TCS enables completion of about half of all U.S. wireless E9-1-1 calls. TCS’ award-winning wireless and VoIP E9-1-1 services, together with the company’s Next Generation 9-1-1 solutions, serve over 150 million wireless and IP-enabled devices. With the nation’s only non-carrier TL 9000-certified wireless and VoIP E9-1-1 Network Operations Center (NOC), TCS’ highly-reliable E9-1-1 solutions ensure that a subscriber’s emergency call is routed to the appropriate PSAP, and the caller’s precise location information is delivered rapidly. For additional information on TCS’ public safety services, please visit: www.telecomsys.com/products/public-safety.
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 and professional services for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world.
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 could be impacted or terminated in the event of system failure, and 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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