ANNAPOLIS, MD -- (MARKET WIRE) -- Mar 19, 2009 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today announced the expansion of its Location-Based Services (LBS) offerings into the People's Republic of China. Building on its customer base in Hong Kong, TCS will work closely with the Alliance Development Group to enhance the global offering of LBS products and services.
TCS has assembled the industry's only true end-to-end wireless location solution by offering location infrastructure, location gateways, middleware platforms, geospatial and application servers, and content and applications. For the second consecutive year, TCS was recognized by analyst firm Frost & Sullivan as providing the industry's most complete set of solutions for the complex interoperability needed to deliver premium wireless Location-Based Services (LBS).
With more than a decade of international deployment experience, TCS has delivered world-class LBS solutions to more than 50 wireless customers in North America, South America, Europe, Australia, and Asia. TCS was the first to demonstrate the use of location technologies in support of emergency services, deploying the first wireless E9-1-1 solution in the United States, and was the first company to deploy a commercial precise location infrastructure in Europe to support UMTS. TCS has provided proven precise location technology for in-network deployments or via world-class hosting solutions, employing different business models and pricing methods to adapt to customers' specific needs. TCS has also built and launched navigation and mapping-based applications in new and emerging global markets.
"With the issuing of 3G licenses in China, we believe that location-based commercial and emergency services will be a major revenue generator for local wireless operators and China will become a world leader in LBS solutions," said Timothy J. Lorello, Chief Marketing Officer of TCS. "While China is a unique market with its own challenges and opportunities, TCS has a global experience that can be shared with local operators, helping the application and service providers to deliver excellent LBS services to Chinese enterprises and customers. Due to the unique aspects of this market, we solicited assistance from Alliance Development Group because of their years of experience, strong connections, and deep understanding of the telecommunications industry in China."
Alliance Development Group has been retained by TCS to guide business development and build key alliances with third-party vendors in China. Infrastructure providers, systems integrators and application developers have the opportunity to collaborate with TCS to offer a broad range of location content tailored specifically to this market.
About Alliance Development Group (ADG)
Alliance Development Group (ADG) offers China focused market entry, market development, strategic partnering, and investment advisory services to telecommunications and mobility focused companies seeking aggressive expansion and new business combinations. The company helps with cross-border partnerships and transactions by offering tailor made, innovative solutions as well as follow-on assistance and support to ensure long-term success. ADG has assisted many of the world's leading technology companies -- ranging from fast-growing emerging companies to middle-market corporations -- with their strategic China initiatives. For more information please visit www.alliance-dg.com or email us at Email Contact.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, 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 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, 2008.
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: TeleCommunication Systems, Inc. Meredith Allen 410-295-1865 Email Contact Media Contact: Welz & Weisel Communications Evan Weisel 703-218-3555 Email Contact Investor Relations: Liolios Group, Inc. Scott Liolios 949-574-3860 Email Contact
