According to a 2009 report from ABI Research, a market intelligence company specializing in global connectivity and emerging technology, TCS is the second largest vendor of LBS infrastructure in the world and is uniquely positioned to capitalize on the growth of carrier LBS infrastructure investments projected to reach $2.2 billion by 2013. As demand for LBS services increases, the hosted location-based solutions provided by TCS can be used by carriers to generate new revenue opportunities while reducing capital expenditure requirements and internal deployment costs. The hosted technology model also more closely matches revenue to expenses.
Carrier customers benefit from the following proven TCS location-based services platform infrastructure:
- TCS People Locator provides consumers with the option to
securely share their location with family and friends, and to obtain other
location-based information such as Points-of-Interest (POI). A unique
feature to TCS People Locator is the capability for consumers to create
Geo-zones that alert them when a family member or friend has entered or
exited a particular geographic area (e.g. school, home, nearby).
- TCS Asset Locator is a low-cost, on-demand mobile resource
management solution for small and medium-sized businesses (SMB) that rely
on a mobile field workforce. This mobile handset solution enables wireless
carriers to offer the growing SMB market a Web-based solution that enables
managers and dispatchers to easily view the location of field workers using
the embedded GPS technology in a cell phone, and see their current and past
locations in a browser-based application.
- TCS Navigator provides voice-enabled, hands-free, turn-by-turn
directions from a wireless phone or smart phone and includes real-time
traffic information, plus voice input for address entry, directory look-up
for POI and a core set of personal navigation services.
- TCS Maps and Directions is a mobile application that allows users to look up a location by category or business name and provides maps, directions and contact information.
"TCS pioneered the world's first wireless location platform in 1996, has deployed and supported commercial LBS infrastructure in leading carriers since 2002, and is now one of the world's leading providers of location applications and infrastructure," said Drew Morin, TCS Chief Technology Officer. "We believe that by offering a complete end-to-end solution that integrates award-winning applications supported by our proven location infrastructure, carriers can better meet customer LBS demands as this nascent market grows. These applications will set carriers apart from the competition while adding significant revenue at a much lower risk."
TCS has made a substantial commitment in resources to LBS, having invested over $140 million in funding for the development of platforms and applications. Earlier this year, TCS acquired LocationLogic, further positioning the company as a leading global LBS player. For more information on TCS LBS services go to: http://www1.telecomsys.com/carriers/xlp.cfm
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (
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 that LBS infrastructure revenues will not increase, and those detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K for the year ended December 31, 2008, and 10-Q for the quarter ended September 30, 2009.
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 Evan Weisel 703-218-3555 Email Contact Investor Relations: Liolios Group, Inc. Scott Liolios 949-574-3860 Email Contact
