City of Baltimore Extends Business Contract With TCS; One Year Extension Valued at $5 Million.Business Editors ANNAPOLIS, Md.--(BUSINESS WIRE)--August 21, 2001 TeleCommunication Systems, Inc. (TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s. It was later implemented by Union Pacific when the companies merged. ) (Nasdaq:TSYS TSYS Total System Services, Inc. ), a key architect of wireless location and messaging software and a leading supplier of solutions to wireless service providers and enterprise customers, today announced a one year extension of the Network and Systems Support contract by the City of Baltimore Board of Estimates. In September of 1998, TeleCommunication Systems was awarded a three year Network and Systems Support Contract with two one-year extension options. After a successful initial engagement with TCS, the Board of Estimates approved the recommendation to exercise the first one-year option for an additional contract value of $5 million. The contract is under the direction of the Mayor's Office of Information Technology, Elliot Schlanger, Chief Information Officer, and provides network and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services throughout City government including key departments such as The Mayor's Office of Information Technology, Finance, Public Works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. , Police and Health. "TCS and the City have seamlessly joined together to provide high quality, cost efficient information technology delivery to Baltimore City's workforce and partners," says Schlanger. "Ultimately, the citizens are the benefactors of TCS' value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. ." The City of Baltimore is dedicated to implement its Strategic Information Technology Plan for complex network systems integration, while maintaining its current high standards for operational capability and performance. With the Network System Support contract, TeleCommunication Systems supports the city in building an integrated, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. , fully interoperable The ability for one system to communicate or work with another. See interoperability. architecture that enhances system response, decreases maintenance costs and reduces employees training time for the City of Baltimore. The TeleCommunication Systems' Network Support contract aims to continue providing network assessment and design; installation and management of local area networks (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ), wide area networks (WAN), and metropolitan area networks (MAN); desktop hardware/software installation and integration; system consultation services; Java/Oracle and legacy database design and support; and PC software training. About TeleCommunication Systems, Inc. TCS is evolving wireless technology. As the key architect of wireless messaging and location technology, TCS is delivering essential software, services and solutions to carriers and enterprises that enable people to better manage their mobile lifestyle. TCS occupies a privileged position within the core of the wireless carrier network enabling it to develop technology that ensures the security, reliability and privacy of people's wireless messages. As the key architect of wireless messaging and location technology, TCS is delivering essential software, services and solutions to carriers that enable people to better manage their mobile lifestyle. TCS occupies a privileged position within the core of the wireless carrier network enabling it to develop technology that ensures the security, reliability and privacy of people's wireless messages. Today, TCS is a preferred technology provider to carriers worldwide including Vodafone, Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. , VoiceStream, Telefonica and Qwest. Through its Solutions group, TCS deploys advanced technologies and products that promote the continued evolution of wireless services. Visit the web site at www.telecomsys.com. This announcement contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of 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 based upon TCS's current expectations and assumptions that are subject to a number of risks and uncertainties that would cause actual results to differ materially from those anticipated. The actual results realized by the Company could differ materially from the statements made herein, depending in particular upon the risks and uncertainties described in the Company's filings with the Securities and Exchange Commission (SEC). These include the risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's future financial results and the ability of the Company to (i) reach profitability as early as anticipated, (ii) continue to rely on third parties to market and sell the Company's products and for other relevant support, (iii) adapt and integrate new technologies into its products, (iv) expand its business offerings in the new wireless data industry, (v) capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities in the marketplace, (vi) develop software without any errors or defects, and (vii) implement its sales and marketing strategies. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . 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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