TeleCommunication Systems to Present at 2008 AeA Classic Financial Conference: Financial News

TeleCommunication Systems to Present at 2008 AeA Classic Financial Conference
Thursday October 30, 2008 5:10 pm ET

ANNAPOLIS, MD--(MARKET WIRE)--Oct 30, 2008 -- TeleCommunication Systems, Inc. (TCS) (NasdaqGM:TSYS - News), leading provider of mission-critical wireless communications, has been invited to present at the 2008 AeA Classic Financial Conference to be held at Manchester Grand Hyatt in San Diego, California, on November 2-5, 2008.

TeleCommunication Systems' chairman, president and CEO, Maurice B. Tosé, and senior vice president and CFO, Tom Brandt, are scheduled to conduct a series of 30-minute presentations on both Monday and Tuesday, November 3-4.

Management will discuss the company's recent financial results and company progress. The company reported third quarter 2008 revenue of $56.5 million, up 29% from $43.9 million in the previous quarter and up 50% from $37.6 million in the third quarter of 2007. This was the company's third consecutive quarter of record revenue. Third quarter-end cash and equivalents increased by $10.5 million from the previous quarter to $38.7 million. TCS was selected in August as the U.S. Army's sole awardee of a contract with an initial order and options for up to $246 million of deployable satcom system-related deliverables through November 2011, raising the company's total backlog to a record $450 million.

Now in its 38th year, the AeA Classic Financial Conference provides member public technology companies with an ideal environment to showcase their companies' key technology-oriented fund managers, institutional investors, investment bankers, and research analysts. In this exclusive four-day conference, company executives present their technologies, strategic missions, trend analysis, and other significant information to focused groups interested in technology companies with a market cap or annual revenues up to $4 billion.

About AeA

AeA (formerly the American Electronics Association), founded in 1943, is a nationwide non-profit trade association that represents all segments of the technology industry and is dedicated solely to helping our members' top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels; providing access to capital and business opportunities; and offering select business services and networking programs. For more information about the conference, visit http://www.aeanet.org/FinancialServices/AeAClassic.asp.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, visit www.telecomsys.com.