ANNAPOLIS, MD -- (MARKET WIRE) -- 08/01/08 -- TeleCommunication Systems, Inc. (TCS)(NASDAQ: TSYS), a global leader in mission-critical wireless communicationstechnology, has been invited to present at the 28th Annual Canaccord AdamsGlobal Growth Conference to be held at the InterContinentalBoston in Boston on August 12-14, 2008.TeleCommunication Systems chairman, president and CEO, Maurice B. Tosé, andsenior vice president and CFO, Tom Brandt, are scheduled to present onWednesday, August 13 at 8:00 a.m. Eastern time.
Management will discuss recent record financial results and companyprogress, including the U.S. Army's recent selection of TCS as the soleawardee of a contract with an initial order and options for up to $246million of deployable satcom system-related deliverables over the next 39months. This award brought the company's total backlog to about $450million, of which $115.4 million is currently funded.
On July 31, 2008, the company reported record second quarter 2008 GAAP netincome, which rose 100% year-over-year to $12.0 million, or $0.26 per basicshare. These results were driven by a 24% year-over-year increase inrevenue to $43.9 million.
About Canaccord Adams
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About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless datacommunications technology solutions that require proven high levels ofreliability. TCS provides wireless and VoIP E9-1-1 network-based services,secure deployable communication systems, engineered satellite-basedservices, and commercial location applications, like traffic andnavigation, using the precise location of a wireless device. Customersinclude leading wireless, cable and VoIP carriers around the world andagencies of the U.S. Departments of Defense, State, and Homeland Security.For more information, visit www.telecomsys.com.
