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TeleComunication Systems, Inc.
Today, TCS wireless applications provide maps on wireless devices covering
nearly 100 countries, and we are among the very few players with proven, global
proficiency in location based services. We believe this expertise is of significant
importance to device manufacturers and others who are pursuing global initiatives.
We have more than 30 intellectual property monetization projects under way
involving assets from across our patent portfolio. We expect these projects to
generate further sales or licensing agreements or direct patent enforcement and
third-party represented patent enforcement if need be.
TCS products are embedded in the US Defense Department’s (DoD) communications
architecture, as it will continue to be in the foreseeable future, evidenced by continued
investment in SNAPs and DoD efforts to complete program of record logistics. We
are advancing our products, maintaining high customer satisfaction ratings, and
expanding with new customers, new offerings to existing customers and new and
enhanced global technology partners. With a federal government budget finally
approved, we expect better visibility and stability in this segment of our business.
We view our 2013 EBITDA and operating cash flows as the floor of a cycle, our third
cycle since going public in 2000. We continue to maintain a solid capital structure
that enables us to reassure our global partners that TCS has the strength to pursue
opportunities with quality, timeliness, and reliability.
