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Subsequent to the publication of this Press Release TeleCommunication Systems was fully absorbed
into StockGroup Inc.
TCS SELECTS REUTERS DATA FOR MARKETSTREAM
TCS Selects Reuters as
Preferred Provider of Real-Time Wireless Content on
marketStream(TM)
ANNAPOLIS, MD, Jan 24, 2006 (MARKET WIRE via COMTEX News Network)
-- TeleCommunication Systems (TCS) (NASDAQ: TSYS), a leading
provider of mission critical wireless communications, today
announced that it has selected Reuters (NASDAQ: RTRSY) (LSE: RTR.L),
the global information company, as its preferred provider of market
data and news for marketStream(TM), its streaming, wireless market
data product.
TCS will integrate Reuters leading global market data and news
into its marketStream(TM) service allowing users to view Reuters
information in a real-time, streaming format on their cell phones,
BlackBerry(R) devices and other wireless handheld devices.
Initially developed on Research in Motion's widely adopted
BlackBerry platform, marketStream(TM) is also compatible with
Microsoft's PocketPC platform and works on a variety of Java-enabled
devices. marketStream(TM) is available and deployed on these devices
via premier wireless carriers worldwide.
marketStream(TM) remains the industry's only true streaming,
real-time, wireless product which enables users to view financial
data and news on their mobile devices in the same manner as they
view data on their trading terminals. The addition of Reuters
content enhances the robust features of the application.
Other marketStream(TM) features include comprehensive alert
capabilities, multiple watch-list support, web-based management
tools, charts, extensive end-user configuration options and the
ability to access additional device functions while data is
streaming.
Mike Steinharter, President, Reuters America, said, "We are
delighted that TCS has selected Reuters as the preferred provider of
real-time news and information for marketStream(TM). This agreement
will give financial services professionals another way to access
Reuters news and information."
Gregg Smith, Senior Vice President of TCS' Enterprise Division,
said, "Financial professionals are constantly looking for access to
the most comprehensive content with their enhanced mobile services
that allows them to make the most informed investment decisions.
Marrying TCS' marketStream service with Reuters industry-acclaimed
market news and information is an essential element to our success.
It is key to our strategy of providing clients with the most
accurate real-time news and information."
ABOUT TELECOMMUNICATION SYSTEMS, INC.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a leading
provider of mission critical wireless communications to carriers,
enterprise and government customers. TCS' wireless data offerings
include location-based Enhanced 9-1-1 services, and messaging and
location service infrastructure for wireless operators, real- time
market data and alerts to financial institutions, mobile asset
management and mobile office solutions for enterprises, and
encrypted satellite communications to government customers.
TCS' marketStream(TM) service provides real-time, streaming
wireless access to equity data, foreign exchange rates, futures,
commodities, fixed income prices, and options data from around the
world. Totally portable and with global coverage, marketStream
utilizes third generation networks such as CDMA, GSM, and iDen to
stream market data to any Java-enabled mobile device, on any
network. Data scrolls continuously on the screen in real-time with
up-to-the-second accuracy with access to real-time quotes for
instruments in over 30 different domestic and international markets.
For more information on TCS visit http://www.telecomsys.com. For
additional information about marketStream visit
http://www.marketstreamlive.com. For answers to specific questions, please
send an email to marketstream@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
without limitation risks and uncertainties relating to the Company's
financial results and the ability of the Company to (i) reach and
sustain profitability as early as anticipated, (ii) continue to rely
on its customers and other third parties to provide additional
products and services that create a demand for its products and
services, (iii) conduct its business in foreign countries, (iv)
adapt and integrate new technologies into its products, (v) expand
its business offerings in the new wireless data industry, (vi)
develop software without any errors or defects, (vii) protect its
intellectual property rights, and (viii) implement its sales and
marketing strategy.
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.
marketStream is powered by IST's DeltaStream.
For more information about DeltaStream Mobile please go to the
DeltaStream Mobile
page.
For more details about marketStream see our
marketStream
Story, the
marketStream launch Press
Release,
Stockgroup's marketStream Product
Overview (5.18MB PDF) and
Stockgroup's marketStream White Paper
(PDF).
Alternatively contact IST's
Sales Desk (email:
sales@ist-inc.com)
# # #
DeltaStream is a registered trademark and
IST and the IST logo are trademarks of Imperial Software Technology Limited.
TCS is a trademark of Telecommunication Systems Inc.
Stockgroup and marketStream are trademarks of Stockgroup Information Systems Inc.
Other companies, products and service names mentioned herein are trademarks of
their respective owners.
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