TeleCommunication Systems Expands Location-Based Services in the Cloud and in the Network
BARCELONA, Spain, Feb. 25, 2013 /PRNewswire via COMTEX/ --
(Mobile World Congress Booth: 3B15) -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced its Location-Based Services (LBS) solution for hosted in-the-cloud and in-network implementation. TCS consumer and enterprise LBS solution helps leading consumer brands, content providers and carriers monetize the growing opportunities associated with location applications - with minimal initial investment.
Recent studies by the Pew Research Center show that three-quarters of smartphone owners receive real-time, location-based information, and one in five use geosocial services. LBS has become part of today's mobile device experience as consumers have realized the benefits of location applications. With a proven background delivering operator-grade LBS systems and services, TCS is at the forefront of LBS implementation, providing a fully integrated, accurate and precise solution that includes infrastructure, location gateways, middleware, mapping and applications.
-- In the past six months, TCS has deployed four new commercial mobile operators on its hosted in-the-cloud LBS solution.
-- TCS LBS infrastructure supports GSM (2G), UMTS (3G) and LTE networks.
-- As a hosted solution, the cloud-based model is designed to minimize deployment time, costs and resource requirements.
-- The hosted solution provides the ability to transition to an in-network solution in the future when customers are administratively, financially and technically ready.
-- The end-to-end LBS in-network solution is modular, thus allowing future vertical expansion with no impact to existing services.
-- TCS' location solution provides accurate and precise location data, which is obtained with various interconnected location algorithms and technologies.
-- TCS offers top revenue-producing branded and private-label applications for navigation, hyper-local search, workforce tracking and family locators.
Jay Whitehurst, senior vice president, Commercial Software Group, TCS, said: "Advances with LBS have created new market opportunities. Location applications are fueling both demand and revenue growth. ABI Research predicts that carrier-based LBS services revenue will grow to almost $6 billion by 2017. At TCS, we have invested in developing, testing and deploying innovative LBS solutions and serve more than 50 wireless operators globally. Our hosted, in-network and hybrid LBS solutions have the highest level of performance combined with the scalability and flexibility to meet our customer's current and future needs."
TeleCommunication Systems is a world-class specialist in high-reliability location-based services. Pioneers of the world's first wireless location platform, the first U.S. wireless E9-1-1 deployment and innovator of E9-1-1 solutions for cable and VoIP providers, TeleCommunication Systems has become the industry's leading provider of LBS infrastructure. For more information on TeleCommunication Systems LBS services, go to www.telecomsys.com/LBS.
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, 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 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, 2011, and on Form 10-Q for the quarter ended September 30, 2012.
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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TCS Contact: Media Contact: Investor Relations:
TeleCommunication Systems, Inc. Nadel Phelan, Inc. Liolios Group, Inc.
Meredith Allen Graham Sorkin Scott Liolios
410-295-1865 831-440-2406 949-574-3860
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SOURCE TeleCommunication Systems, Inc.
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