ANNAPOLIS, MD -- (MARKET WIRE) -- Jan 26, 2009 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of wireless location infrastructure and applications, today announced that Centennial Puerto Rico (Centennial PR) has signed a four-year contract for end-to-end location-based services (LBS) including customized Spanish and English navigation and mapping applications. TCS now supports more than 50 wireless carrier in-network deployments of public safety and LBS in North America, Europe and the Pacific, and also serves carriers in North America and India with hosted LBS infrastructure.
TCS' hosted LBS solution enables Centennial PR to rapidly deploy both the infrastructure and applications to drive location-based revenues. Centennial PR selected TCS' white label navigation and mapping products to provide a Centennial-branded set of applications with over 40,000 targeted Puerto Rico points of interest. In addition to the Centennial-branded navigation and mapping applications, the TCS LBS infrastructure enables Centennial PR to add future location-based services, such as localized ads or buddy finder applications.
New LBS services under the contract include Navigation and Maps for a great amount of Centennial PR location enabled handsets which deliver real-time, turn-by-turn directions to over 40,000 points of interest. Centennial PR users will also be able to conduct enhanced searches using "what's near me," "what's on my route," "category near me," and "find by name" features.
"TCS is a proven and valuable partner in providing us with a full service location solution," said Naji Khoury, Centennial's senior vice president of marketing and business development. "When it came to providing a location-based solution for our customers, we looked to TCS, which currently supplies us with E9-1-1 services. Working with TCS, we are confident that our customers will receive the seamless integration of services they are looking for and the customer satisfaction they have come to expect from Centennial PR."
"Carriers are looking for value-added service offerings and are willing to make prudent investments as they continue to experience and forecast exponential growth for location-based services," said Timothy J. Lorello, senior vice president and chief marketing officer at TCS. "As a trusted partner to many leading wireless carriers and one of the few companies in the industry that holds multiple messaging and location patents, TCS is uniquely positioned to enable carriers to deliver enhanced, location-relevant mobile applications and E9-1-1 services to their users on both a hosted and an in-network basis."
TCS is a trusted partner to many leading wireless carriers. As a key architect of wireless messaging and location technology, the company's software and services help network operators differentiate their service offerings and create new revenue opportunities. TCS is committed to helping wireless carriers meet their obligations for wireless E9-1-1 and leverage their technology infrastructure to provide a greater return on their investments. For more information visit: http://www1.telecomsys.com/carriers/index.cfm
Centennial Communications (NASDAQ: CYCL), based in Wall, NJ, is a leading provider of regional wireless and integrated communications services in the United States and Puerto Rico with over 1.1 million wireless subscribers and 419,500 access lines and equivalents. The U.S. business owns and operates wireless networks in the Midwest and Southeast covering parts of six states. Centennial's Puerto Rico business owns and operates wireless networks in Puerto Rico and the U.S. Virgin Islands and provides facilities-based integrated voice, data and Internet solutions. Welsh, Carson, Anderson & Stowe is a significant shareholder of Centennial. For more information regarding Centennial, please visit our websites http://www.centennialwireless.com/ and http://www.centennialpr.com/.
About TeleCommunication Systems, Inc. (TCS)
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 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, 2007 and Form 10-Q for the quarter ended September 30, 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.
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