BEDMINSTER, NJ and ANNAPOLIS, MD — Verizon Wireless, the nation's largest wireless service provider, announced it has signed a five year agreement with TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a key architect of wireless location and messaging software. TeleCommunication Systems will deliver Phase I and Phase II wireless Enhanced 911 (E-911) location service to approximately fifty percent of Verizon Wireless' cell sites nationwide.
Verizon Wireless recently reported to the Federal Communications Commission that it has achieved aggressive E-911 Phase II milestones by deploying handset-based technologies and network upgrades. Since 1998, Verizon Wireless, working with TCS, has been an industry leader in deploying Phase I E-911 service. Verizon Wireless uses the TCS Xypoint® Location Platform to provide the Public Safety Answering Points (PSAPs) with the wireless caller's phone number as well as location information for emergency assistance calls originated from wireless phones. As of April 15, 2002, Verizon Wireless has deployed Phase I service to more than 1,350 PSAPs throughout the country.
"TCS is proud to have strengthened its long-standing commitment to assist Verizon Wireless in meeting its Phase I and Phase II wireless E-911 deployment schedule," said Maurice B. Tosé, president, chairman and CEO of TeleCommunication Systems. "Verizon Wireless has continually been at the forefront in deploying technology enabling their subscribers to access emergency services."
The agreement consolidates the existing contracts that TCS had with several of the carriers that merged to form Verizon Wireless, including AIRTOUCH, PrimeCo and GTE Wireless and reinforces the long-standing relationship between the two companies.
For more information on Verizon Wireless' Phase II compliance, see the FCC Web site for its quarterly progress report ( http://wireless.fcc.gov/e911/) filed on Feb 1, 2002.
About TeleCommunication Systems Inc.
TCS is evolving wireless technology. As the key architect of wireless messaging and location technology, TCS delivers software, services and solutions to carriers that enable people to better manage their mobile lifestyle. TCS occupies a strategic position within the core of the wireless carrier network, thus enabling it to develop technology that ensures the security, reliability and privacy of people's wireless messages.
TCS is a technology provider to carriers worldwide including Verizon Wireless, Vodafone, Cingular, VoiceStream and Telefonica. 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 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' 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 the company's future financial results and ability of the Company to (i) reach profitability as early as anticipated, (ii) adapt and integrate new technologies into its products, (iii) expand its business offerings in the new wireless data industry, (iv) capitalize on opportunities in the marketplace, (v) develop software without any errors or defects, (vi) implement its sales and marketing strategies, and (vii) deploy its software and services quickly.
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.
About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 30 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com.
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