Telos Corporation Accelerates Growth at Major U.S. Airports
August 23 2021 - 9:20AM
Telos® Corporation (NASDAQ: TLS), a leading provider of cyber,
cloud and enterprise security solutions for the world’s most
security-conscious organizations, announced today significant
momentum surrounding the company’s Designated Aviation Channeling
(DAC) service, with new customers and nine customer renewals
secured over the past four months.
Pitt-Greenville Airport (PGV) and Airbahn, Telos’ newest DAC
customers, join an impressive roster of aviation customers,
including those renewing Telos DAC services, such as Chicago O’Hare
Intl. Airport (ORD), Chicago Midway Intl. Airport (MDW),
Minneapolis-St. Paul Intl. Airport (MSF), Hollywood-Burbank Airport
(BUR), Sacramento Intl. Airport (SMF), St. Pete-Clearwater Intl.
Airport (PIE), Albany Intl. Airport (ALB), Plattsburgh Intl.
Airport (PBG), State of Hawaii Dept. of Transportation for State
Commercial Airports, and more.
“These recent renewals are a testament to the impact our
aviation channeling services have had on assuring the identities of
aviation workers,” said Dawn E. Lucini, vice president of aviation
security, Telos. “We look forward to continuing to support our
incredible roster of customers with excellence in credentialing and
vetting services, all while upholding unwavering security, reducing
costs and providing superior customer care and flexibility.”
Telos’ DAC services provide comprehensive background checks for
those working in secure areas of U.S. commercial airports, enabling
the submission of worker biographic and biometric data for a
secure, efficient, cost-effective approach. Telos’ services meet
Transportation Security Administration (TSA) and Department of
Homeland Security (DHS) requirements for handling personally
identifiable information and biometrics.
This news follows the recent announcement that Telos acquired
the assets and patents of Diamond Fortress Technologies to
integrate the ONYX® touchless fingerprinting technology with Telos’
IDTrust360® platform. The integration will eliminate much of the
friction involved in biometric data gathering by leveraging a
mobile device’s camera to capture the user’s unique
fingerprint.
For more information about Telos Designated Aviation Channeling
services, visit: www.aviationchanneling.com.
Forward-Looking Statements This press release
contains forward-looking statements which are made under the safe
harbor provisions of the federal securities laws. These statements
are based on the Company’s management’s current beliefs,
expectations and assumptions about future events, conditions and
results and on information currently available to them. By their
nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may
or may not occur in the future. The Company believes that these
risks and uncertainties include, but are not limited to, those
described under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” set forth from time to time in the Company’s filings
and reports with the U.S. Securities and Exchange Commission (SEC),
including their Annual Report on Form 10-K for the year ended
December 31, 2020 and their Report on Form 10-Q for the quarter
ended June 30, 2021, as well as future filings and reports by the
Company, copies of which are available at www.investors.telos.com
and on the SEC’s website at www.sec.gov.
Although the Company bases these forward-looking statements on
assumptions that they believe are reasonable when made, they
caution the reader that forward-looking statements are not
guarantees of future performance and that the Company’s actual
results of operations, financial condition and liquidity, and
industry developments may differ materially from statements made in
or suggested by the forward-looking statements contained in this
release. Given these risks, uncertainties and other factors, many
of which are beyond their control, the Company cautions the reader
not to place undue reliance on these forward-looking statements.
Any forward-looking statement speaks only as of the date of such
statement and, except as required by law, the Company undertakes no
obligation to update any forward-looking statement publicly, or to
revise any forward-looking statement to reflect events or
developments occurring after the date of the statement, even if new
information becomes available in the future. Comparisons of results
for current and any prior periods are not intended to express any
future trends or indications of future performance, unless
specifically expressed as such, and should only be viewed as
historical data.
About Telos CorporationTelos Corporation
(NASDAQ: TLS) empowers and protects the world’s most
security-conscious organizations with solutions for continuous
security assurance of individuals, systems, and information. Telos’
offerings include cybersecurity solutions for IT risk management
and information security; cloud security solutions to protect
cloud-based assets and enable continuous compliance with industry
and government security standards; and enterprise security
solutions for identity and access management, secure mobility,
organizational messaging, and network management and defense. The
company serves military, intelligence and civilian agencies of the
federal government, allied nations and commercial organizations
around the world.
Media:Mia Wilcoxmedia@telos.com
(610) 564-6773
Investors:Christina
MouzaviresInvestorRelations@telos.com (703) 724-4777
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