|TeleCommunication Systems Joins the Russell 2000 Index|
ANNAPOLIS, Md., July 2, 2013 – TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS), a world leader in highly reliable and secure mobile communication technology, was added to the U.S. small-cap Russell 2000® Index after the equity markets closed on June 28, 2013. Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The company was also added to the Russell 2000 Value Index and Russell Global Index.
“Joining the Russell 2000 Index represents an important milestone for TCS that we expect will increase awareness of our recent accomplishments, including our selection as a prime vendor for two multi-billion dollar five-year federal communications contract vehicles, and the continued monetization and expansion of our patent portfolio,” commented Maurice B. Tosé, chairman and CEO of TCS.
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About TeleCommunication Systems, Inc.