ANNAPOLIS, Md. – February 18, 2016 – TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in secure and highly reliable wireless communication technology, today announced that it is strengthening its North American market position by providing four of Canada's largest communications companies with turnkey Location Based Services (LBS) systems and services. TCS’ location platform supports a range of services including Voice over LTE (VoLTE) Emergency Services and Value-Added Services. TCS has supported the four Canadian Operators with 2G, 3G, and 4G LBS platforms since 2009.
TCS Commercial Software Group President Jay Whitehurst said: “The overall growth of mobile adoption in Canada coupled with an increasing reliance on wireless for emergency communications, as well as other location-dependent applications, have created a demand for comprehensive LBS solutions. The scalability and versatility of TCS’ location platform allows operators to meet the Canadian Radio-television and Telecommunications Commission’s public safety requirements while additionally giving them a foundation on which to build future revenue-generating Value-Added Services. Providing our location platform to four of Canada’s leading wireless operators also underpins our position as the market leader of location solutions in the Canadian market, and further establishes TCS as the premier vendor in the emerging areas of VoLTE, VoWiFi and NG9-1-1.”
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS), headquartered in Annapolis, Maryland, is a world leader in secure and highly reliable wireless communications. Our patented solutions, global presence, operational support and engineering talent enable 9-1-1, commercial location-based services and deployable wireless infrastructure; cybersecurity; defense and aerospace components; and applications for mobile location-based services and messaging. Our principal customers are wireless network operators, defense and public safety government agencies, and Fortune 150 enterprises requiring high reliability and security.
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 those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2014 and on Form 10-Q for the quarter ended September 30, 2015.
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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