MARKETSTREAM™ NOW AVAILABLE ON BLACKBERRY® WIRELESS HANDHELDS
Leading Provider of Mobile Market Data Teams with Research In Motion to Deliver Wireless Data to Trading Floors and Private Investors
London - September 23, 2004 -TeleCommunication Systems, (TCS) (NASDAQ: TSYS), a leading wireless financial market data provider, has announced that its streaming market data solution, marketStream™, is now available for BlackBerry® Wireless Handhelds™ from Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM).
Morten Nielsen, Managing Director of TeleCommunication Systems, Ltd. said, "The launch of marketStream for BlackBerry has been timed to coincide with the announcement of the shutdown of the O2 pager network scheduled for December 2004. For those that need reliable mobile financial market data, there is no better time than now to upgrade to marketStream, the next generation financial data delivery system."
All BlackBerry users, both individual and corporate, can now install the marketStream application on their handheld to give them global access to streaming equity security prices and volume, foreign exchange rates, futures, commodities and fixed income prices, as well as news and charts. marketStream is an easy-to-install, Java™-based application that provides access to over 30 financial markets around the world.
William Townrow, a London-based stockbroker and marketStream user, said, "marketStream has quickly become of enormous value to me. Now I can monitor the financial instruments that are important to me anytime, anyplace. That means I can react immediately to any movement to either capitalise on, or limit the risk of that movement. I am certain that the marketStream application on the BlackBerry platform will prove to be immensely popular within the financial community."
"The BlackBerry platform is already widely deployed within financial industries and the marketStream application provides a complementary suite of advanced features for mobile professionals who wish to track global financial instruments on the go," said Mark Guibert, Vice President, Corporate Marketing at Research In Motion.
As General Packet Radio Service (GPRS) makes wireless streaming possible, the users of marketStream receive essential market information significantly sooner than with paging, snapshot products, or through store-and-forward network channels. Furthermore, as a Java client designed specifically for wireless market data streaming, marketStream uses available bandwidth more efficiently than most wireless browser-based solutions. This results in a quicker and higher return on the user's investment in a wireless solution, since the user can react more rapidly to market fluctuations and make more informed trading decisions. Utilizing packet-based networks ensures that a marketStream user is always connected, but the user only pays for the volume of data sent.
To learn more about marketStream visit: www.marketStreamlive.com
ABOUT TELECOMMUNICATION SYSTEMS
TeleCommunication Systems, Inc. is a leading provider of mission critical wireless data solutions to carriers, enterprise and government customers. TCS’ wireless data offerings range from providing location-based Enhanced 9-1-1 services in the U.S. and messaging infrastructure to 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.
ABOUT TELECOMMUNICATION SYSTEMS, LTD
TeleCommunication Systems, Ltd., formerly Aether Systems Ltd., a European subsidiary of TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS), is the leader in providing mission critical financial data to mobile professionals throughout Europe.
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) sustain profitability when 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 and provide services 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.
For more information about marketStream™ please contact:
Tel: +44 207 379 6662
Tel: +44 20 7895 9400
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