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TSYS (MM)

4.99
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:TSYS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.99 0 01:00:00

TCS Backs Federal Communications Commission's Efforts to Develop National Commercial Mobile Alert System

24/04/2008 1:02pm

Marketwired


Telecommunication Systems (NASDAQ:TSYS)
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ANNAPOLIS, MD (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today announced that it has joined national wireless carriers in support of the Federal Communications Commission's (FCC) Commercial Mobile Alert System (CMAS). The CMAS is intended to transmit geographically targeted emergency alert text messages conveying imminent emergency threats.

"TCS applauds and fully supports the FCC's ruling on the development of a national emergency alert program," stated Maurice B. Tosé, President and Chief Executive Officer of TCS. "During times of emergency, it is critical to put accurate and timely information directly into the hands of consumers. With our strength as a leading player in consumer wireless safety, combined with our experience in delivering billions of text messages daily, we look forward to the opportunity to work with the government and wireless operators to make CMAS a reality."

The FCC summarized the alerts that devices would receive under the system:

--  Presidential Alerts - national emergency-related alerts delivered to
    the American public that would preempt any other pending alerts
--  Imminent Threat Alerts - alerts with information on emergencies that
    may pose an imminent risk to people's lives or well being
--  Child Abduction Emergency/AMBER Alerts - alerts related to missing or
    endangered children due to an abduction or runaway situation
    

"This system has the potential to significantly impact the way Americans receive critical warnings on the go, whether they are at home, work, or vacationing," FCC Chairman Kevin Martin said in a statement.

TCS' Wireless E-911 system is used to automatically pinpoint wireless caller location information and ensure that consumers' emergency calls are routed to the appropriate public safety answering point (PSAP). TCS not only provides Wireless E-911 service for over 140 million cell phone subscribers today, the company also delivered 80 billion text messages in the U.S. last year, representing about 25% of the total 363 billion messages as reported by the Cellular Telecommunications and Internet Association (CTIA).

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems, engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless, cable MSOs, and VoIP carriers around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. 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 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, 2007.

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.

Media Contacts: TeleCommunication Systems, Inc. Meredith Allen 410-295-1865 MAllen@telecomsys.com Welz & Weisel Communications Evan Weisel 703-218-3555 evan@w2comm.com

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