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FinancialWire.net

The Small Cap News Leader

Vol. 10, No. 322

Tuesday, November 13, 2012

TeleCommunication Systems Named Awardee On $10 Billion Global DOD Contract

November 13, 2012 (FinancialWire) -- Wireless communication technology company TeleCommunication Systems Inc. (TSYS - NASDAQ) recently announced it has been selected as one of 20 awardees under the Global Tactical Advanced Communication Systems and Services (GTACS) contract. The multiple-awardee, indefinite delivery/ indefinite quantity vehicle has an estimated ceiling of $10 billion over five years, according to TCS.

The contract reportedly enables DoD agencies to purchase TCS' turnkey family of deployable satellite systems and associated support services for the Warfighter Tactical Communications Systems and Services (WTCSS) through the Department of the Army, Assistant Secretary for Acquisition, Logistics, and Technology, Program Executive Office Command, Control, Communications-Tactical (PEO C3T's), Special Projects Office, Northeast Regional Response Center (NRRC).

TeleCommunication Systems (approx market cap. US$ 132.9 mil.) develops and delivers wireless communication technology in the United States and internationally. It operates in two segments: Commercial and Government. The company was founded in 1987 and is headquartered in Annapolis, Maryland. TCS employs approximately 1,324 people.

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TSYS stock info:

Last quote at close: $2.29

Last close vs. 50-day moving avg.: +8.5%

Last close vs. 200-day moving avg.: +33.9%

Last close vs. 52-wk high: -28.7%

3-mo. avg. daily volume: 424,052 shares

Approx. avg. daily money volume: $894,750

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Independent equity research for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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