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TSYS (MM)

4.99
0.00 (0.00%)
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Last Updated: 01:00:00
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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

TeleCommunication Systems Announces Two Products for Wireless Carriers That Manage Location Requests and Privacy

06/10/2010 12:30pm

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Telecommunication Systems (NASDAQ:TSYS)
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(CTIA Booth # 309) -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that its Xypoint® Location Services Gateway (Xypoint Gateway) and Xypoint Location Services Agent (Xypoint Agent) are now available to wireless carriers. The products make it possible for carriers to offer enhanced location-based solutions by giving consumers the ability to set and manage their location privacy and by enabling geofencing and alerts based on a subscriber's location.

As location services expand into every aspect of consumers' public and private life, addressing consumers' privacy concerns is paramount. The Xypoint Gateway provides the privacy services that consumers demand and today's location services require. When carriers incorporate this product, consumers can define their own privacy settings. These settings then become the basis for authorizing a location request, determining which service is applicable and enforcing time-based restrictions. The Xypoint Gateway gives wireless carriers the capacity to deliver enhanced quality of service and, as a result, experience higher customer satisfaction and trust.

The Xypoint Agent enables geofencing and ad-hoc location requests. By using the Xypoint Agent, carriers can now open their networks to third-party applications and connected devices, and support new location-based services, which in turn result in higher data and value-added service revenue. Both of these software solutions are available under a software license and maintenance service or an entirely-hosted service enabling carriers to minimize cost of service based on their specific requirements.

"The task of managing location requests is growing due to consumer demand for leveraging location data in their everyday lives," said Drew Morin, TCS' senior vice president and chief technology officer. "The growth of location services on mobile devices is driving wireless carriers to enhance their options for LBS apps while still protecting their subscribers' privacy. Our new Xypoint offerings equip wireless carriers to excel at both tasks."

As pioneers of the world's first wireless location platform, TCS offers a world-class LBS portfolio that includes branded and private-label applications, infrastructure, mapping, and content for leading consumer brands, content providers, voice service providers and more than 40 mobile operators worldwide. Offering 99.999% reliability, TCS leads the industry in deployed mobile applications. For more information on LBS offerings, 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 and professional services. 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 without limitation those detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended June 30, 2010.

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 Nicole Nolte 703-218-3555 Email Contact Investor Relations: Liolios Group, Inc. Scott Liolios 949-574-3860 Email Contact

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