From the Wires
TeleCommunication Systems Expands Location-Based Services in the Cloud and in the Network
Fully Integrated, End-to-End LBS Solution Offers Precise Location Data Driving Value-Added Services and Revenue Growth
By: PR Newswire
Feb. 25, 2013 01:31 AM
BARCELONA, Spain, Feb. 25, 2013 /PRNewswire/ -- (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.
Jay Whitehurst, senior vice president, Commercial Software Group, TCS, said:
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.
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.
SOURCE TeleCommunication Systems, Inc.
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