TeleCommunication Systems Named an Awardee on $22 Billion Enterprise
Acquisition Gateway for Leading Edge II (EAGLE II) Contract
5-Year Base Award Contract Enables Department of Homeland Security to Purchase
TCS Technology and Services
ANNAPOLIS, Md., May 22, 2014
ANNAPOLIS, Md., May 22, 2014 /PRNewswire/ --TeleCommunication Systems, Inc.
(TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile
communication technology, today announced it has been selected as an awardee
under the Enterprise Acquisition Gateway for Leading Edge II (EAGLE II)
contract in Functional Category 1, Service Delivery, on the Unrestricted
Track. This Indefinite Delivery – Indefinite Quantity (IDIQ) five-year vehicle
has an additional two-year option period and an estimated seven-year overall
program contract ceiling of $22 billion.
oThis contract enables the Department of Homeland Security (DHS) to
purchase TCS' full range of IT services, technical and management
expertise, and solutions-oriented products, including system design,
development, implementation and integration; software design and
development; and operations and maintenance.
oEAGLE II supports the DHS goal of a functionally-integrated department,
which includes methods of operation among and between the various IT
support system components for enhanced mission effectiveness and economies
of scale through consolidation.
TCS Government Solutions Group President Michael Bristol said: "TCS'
experience with civil public safety 9-1-1 infrastructure together with our
expertise in cybersecurity and C4ISR communications engineering for the
military makes our company a uniquely qualified resource for addressing DHS's
needs. TCS has proudly supported the DHS mission for more than ten years on
projects ranging from satellite network and bandwidth management to IT
governance best practices. Now, with the selection of TCS as an awardee on
EAGLE II, DHS has access to the full range of our services, with solutions
tailored to the specific needs of DHS agencies."
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' cybersecurity 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 the possibility that TCS will
not win task orders under the contract, that orders do not get fully funded,
and those detailed from time to time in the Company's SEC reports, including
the Annual Report on Form 10-K for the year ended December 31, 2013 and on
Form 10-Q for the quarter ended March 31, 2014.
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.
Company Contact: Investor Relations:
TeleCommunication Systems, Inc. Liolios Group, Inc.
Meredith Allen Scott Liolios
SOURCE TeleCommunication Systems, Inc.
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