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Last $3.45 USD
Change Today +0.07 / 2.07%
Volume 258.7K
TSYS On Other Exchanges
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

telecommunication systems-a (TSYS) Key Developments

TeleCommunication Systems Inc. Announces Appointment of KPMG LLP as Independent Registered Public Accounting Firm Replacing Ernst & Young LLP

The Audit Committee of TeleCommunication Systems Inc. recently completed a competitive process to determine which audit firm would serve as the company's independent registered public accounting firm for the year ended December 31, 2015. On March 30, 2015, the Audit Committee dismissed Ernst & Young LLP as the company's independent registered public accounting firm. The Audit Committee selected KPMG LLP as the company's independent registered public accounting firm for the year ended December 31, 2015. The company formally engaged KPMG on April 3, 2015.

Infinity HealthCare and Emergency Physician Medical Group, PC Select TeleCommunication Systems's VirtuMedix platform to Provide Secure, Hipaa-Compliant Telemedicine Services to Patients in the Midwest Region

TeleCommunication Systems announced that Infinity HealthCare and Emergency Physician Medical Group, PC have selected its VirtuMedix platform to provide secure, HIPAA-compliant telemedicine services to patients in the Midwest region. With the addition of these physician groups, approximately 1,000 physicians nationwide can now rely on VirtuMedix to remotely serve their patients, including those whose inability to visit the office could result in conditions that escalate into an expensive hospital stay or worse. VirtuMedix's cloud-based architecture lets Infinity HealthCare and EPMG physicians interact with their patients anytime, anywhere and from any device, including personal computers, tablets and smartphones. This flexibility enables Infinity HealthCare and EPMG physicians to work more efficiently and effectively, provide continuous care, and maximize patient outcomes and satisfaction. VirtuMedix also facilitates the expansion of patient outreach by Infinity HealthCare and EPMG to people who are homebound or live in remote areas. The platform features an intuitive user interface that frees physicians and patients to focus on their interaction instead of the technology. VirtuMedix makes it easy for patients to upload data from their activity trackers and similar devices, while the clinical workflows streamline physician tasks such as documentation and discharge.

TeleCommunication Systems Inc. Announces the Availability of its New Deployable X/Y Tracking Antenna System

TeleCommunication Systems Inc. announced the availability of its new deployable X/Y Tracking Antenna System. Built on the proven technology of TCS' fixed X/Y antenna systems, the deployable X/Y systems are specifically designed for low-Earth orbit (LEO) and medium-Earth orbit (MEO) satellites in support of Earth observation, remote sensing, and telemetry, tracking and control for tactical applications. Future Department of Defense (DoD) reconnaissance applications will include the use of LEO small satellite technology for quick, cost-effective earth imaging. TCS' new X/Y Tracking Antenna System can be controlled or monitored from anywhere in the world. TCS currently provides X/Y antenna solutions to military, higher education and commercial customers. The X/Y Tracking Antenna System is offered with a 1.8-meter parabolic carbon petal reflector, which allows for light-weight transportation and a precision antenna surface that maximizes performance. The system provides single and multi-band frequency feeds from L-band through Ku-band, which allows one antenna platform to be used across multiple satellite missions. Ease-of-setup automated features include a self-leveling pedestal and differential GPS system that provides True North heading better than 0.1 degrees. These integrated features require minimal training for deployment. The system breaks down into two-man lift transit cases for ease of transport on commercial aircraft; two persons can set up the system in less than one hour. The deployable configuration offers the same benefits as the fixed X/Y systems such as no keyhole at Zenith, no cable wrap, low dynamic tracking, high reliability, cost-effective manufacturing, and short delivery times.

TeleCommunication Systems Inc. Presents at Northland Capital Markets 2015 Growth Conference, Mar-18-2015

TeleCommunication Systems Inc. Presents at Northland Capital Markets 2015 Growth Conference, Mar-18-2015 . Venue: Omni Berkshire Place Hotel, New York, New York, United States.

TeleCommunication Systems Inc. Announces Board Changes

TeleCommunication Systems announced that it has expanded the size of its board of directors from eight to nine members with the appointments of Don C. Bell, III and Michael P. Madon. The Board also has elected Weldon H. Latham to be lead independent director, and TCS Executive Vice President and Chief Operating Officer Richard A. Young has resigned from the Board. The appointments and resignation became effective on March 1, 2015. Technology entrepreneur Don Bell has been a private investor since 2011. He is currently a board director of Wireless Telecom Group (WTT). Previously in his career, he co-founded and subsequently sold an internet marketing firm, has been a member of the investment banking division of Goldman Sachs and a senior executive at Goldman Sachs Capital Partners portfolio companies.


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