News Release
BW1177 DEC 08,1998 6:30 PACIFIC 09:30 EASTERN
( BW)(TSI-TELSYS)(TSI.) TSI TelSys Enters Military Space Market with $1.6 Million in New Orders
Business Editors
COLUMBIA, Md.--(BUSINESS WIRE)--Dec. 8, 1998--TelSys (Montreal Exchange: TSI) today announced orders for the Company's new Jaguar telemetry systems totaling US$1.6 million, which are also TSI TelSys' first orders coming from the US military space market.
"These orders mark TSI TelSys' first penetration of the substantial military space market," said Jay Pisula, TSI TelSys Corporation's President and Chief Executive Officer.
"The military space market's requirements for high performance, real-time telemetry processing is a perfect fit for our technology and knowledge base.
"We're especially pleased to receive these orders because membership in the tightly-knit defense and intelligence community doesn't come easily.
"As part of our focused growth strategy, we have taken a number of actions to address this market, including, as previously announced on November 2, 1998, the addition of two new board members to the Company's operating subsidiary who have strong linkages to the intelligence community and the government market. This very significant breakthrough is a continuation of our implementation of this strategy."
TSI TelSys' Jaguar telemetry system is based on Silicon Graphic Inc.'s Model O200 workstation. The Jaguar both acquires and simulates multiple channels of satellite CCSDS and TDM telemetry data at rates up to 160 million bits per second (Mbps).
"An additional element of our strategy is to provide complete solutions that can leverage the great depth of TSI TelSys' engineering experience." added TSI TelSys, Inc.'s Vice President of Sales, Chuck Kozlowski.
"We provide products and services, such as test and simulation systems, that satisfy the developmental needs of our customers early on, for example. By selling these systems and services early in their development cycle, TSI TelSys has the great advantage of being the 'incumbent' supplier when the customer's operational needs start growing."
Headquartered in Columbia, Maryland, TSI TelSys is the premier developer and manufacturer of high performance, multi-mission satellite data processing systems for ground station operations and satellite test and integration.
Except for historical information contained herein, the matters discussed in this press release contain forward looking statements that, due to uncertainties, may differ materially from actual results.
Further information about TSI TelSys, including copies of past press releases, may be found through the TSI TelSys Internet Web site at tsi-telsys.com. TSI TelSys Corporation is listed on the Montreal Exchange, under the trading symbol "TSI".
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CONTACT: TSI TelSys Corp.
Paul Sevigny, C.F.A., CFO, 410/872-3900
Fax: 410/872-3902
E-mail: info@tsi-telsys.com
tsi-telsys.com
KEYWORD: MARYLAND
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS |
