TeleCommunication Systems Adds 45 U.S. and Six Foreign Patents Advancing Location Based Services, GIS/Mapping, Public Safety, and Wireless Data, and Receives a Restricted License to Several Thousand Patents
[ Back ]   [ More News ]   [ Home ]
TeleCommunication Systems Adds 45 U.S. and Six Foreign Patents Advancing Location Based Services, GIS/Mapping, Public Safety, and Wireless Data, and Receives a Restricted License to Several Thousand Patents

ANNAPOLIS, Md., July 22, 2013 — (PRNewswire) —  TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that the U.S. Patent and Trademark Office (USPTO) has issued TCS eight patents during the second quarter of 2013, and six foreign patents in the first half of 2013.

In addition, through a purchase of some technology tuck-in assets, TCS acquired 37 U.S.-issued patents, 15 U.S. applications and three foreign applications related to advanced techniques for locating mobile devices and other innovative technologies. Key patents in the acquired assets describe methods used by mobile location systems that involve Assisted GPS (A-GPS), location calculation techniques that use timestamps associated with multiple RF transmission sources and systems that combine two prevalent location techniques (User Plane and Control Plane) into one platform. In addition to the acquired patents, TCS was assigned the rights to a license to several thousand patents for use in the LBS product line acquired.

The technology tuck-in also transferred a multi-million dollar sales pipeline and product portfolio that increases TCS Location Based Services (LBS) #2 market share, as measured by ABI Research's 2012 study, to 26%, only two percentage points behind #1.  The transaction had an immaterial impact on TCS's balance sheet.

News Facts:

The 45 recently-received U.S. patents describe innovations in LBS, GIS/mapping, public safety and wireless data and further strengthen these areas of TCS' intellectual property. Of the 45 patents added to TCS' portfolio, the following eight are indicative of their depth and relevance:

Supporting Quotes:

TCS Chairman, CEO and President Maurice B. Tose said: "TCS remains committed to creating and monetizing leading technologies. The addition of the these patents and assets will significantly enhance our Location-Based Services business unit while adding marketable strength to our mobile location patent portfolio. We remain committed to expanding our efforts to maximize the value of our intellectual property."

TCS Vice President of Intellectual Asset Management Bob Held said: "Through both licensing and partnership arrangements in core and non-core business areas, there is an abundance of opportunities to leverage our 320+ patents and other intellectual property worldwide."

With clear strengths in mobile location, public safety, messaging, and the wireless communication fields, TCS has created an impressive intellectual property portfolio. Meaningful partnerships with other industry-leading companies can be developed through direct licensing, cross licensing and joint venture agreements. For the year to date, TCS has filed 32 U.S. patents, the total number of patents issued worldwide in the portfolio is 328, and more than 385 patent applications are pending worldwide.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a world leader in highly reliable and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Government agencies utilize TCS' cyber security expertise, professional services, and highly secure deployable satellite solutions for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, visit www.telecomsys.com.

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. Specifically, the statements about our commitment to monetizing leading technologies and the opportunities to leverage our 320+ patents and other intellectual property worldwide are forward-looking statements. Risks include without limitation the possibility that no licensing or other revenues will result from these efforts, and those detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended December 31, 2012, and on Form 10-Q for the quarter ended March 31, 2013.

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:

Media Contact:

Investor Relations:

TeleCommunication Systems, Inc.

Nadel Phelan, Inc.

Liolios Group, Inc.

Meredith Allen

Graham Sorkin

Scott Liolios

410-295-1865

831-440-2406

949-574-3860

MAllen@telecomsys.com

graham@nadelphelan.com

info@liolios.com

 

SOURCE TeleCommunication Systems, Inc.

Contact:
TeleCommunication Systems, Inc.
Web: http://www.telecomsys.com