Company Announces 5th Consecutive Year of Growth With 2010 Revenues Up 21% Over Last Year; Ed Durkin Appointed President and CEO
TEWKSBURY, MA--(Marketwire - January 24, 2011) - Tactical Communications Group (TCG), the leading independent supplier of tactical data link (TDL) software solutions for military test, training, simulation and operational users worldwide, today announced another record year for revenues, with 2010 revenues increasing 21 percent over 2009. This represents the fifth consecutive year of substantial revenue growth for TCG, with these record 2010 results reflecting continued strong worldwide demand in both U.S. and international markets for its LinkPRO, Battlefield Operations Support System (BOSS) and Ground Tactical Data Link System (GTS) solutions, and growing revenue contributions from TCG's expanding distribution relationships with major aerospace and defense prime contractors.
In addition, to lead the company during its next phase of growth, TCG has appointed Ed Durkin as President and CEO, as well as expanded its leadership team and added a new Board member. Durkin most recently served as TCG's Executive VP and COO and a member of the TCG Board, and brings over 27 years of experience in leadership, financial and business development roles, including experience leading public and private high technology companies through IPO or acquisition events.
TCG also announced the following additional organizational changes :
In addition to these organizational changes and record 2010 revenue results, other Company highlights for 2010 included:
"2010 was another very successful year for TCG in many ways," said Edward Durkin, TCG's President and CEO. "In addition to our record revenue results, we made significant product line improvements and have expanded the breadth of our relationships with major global prime partners, positioning us well for accelerated growth in 2011 and beyond. We also have enhanced our sales and business development talent and capacity with the addition of Adam and Steve who will work closely with Gary Zimmerman, Dave Boyer and Tom MacLeod to cover the growing list of business opportunities for TCG. With many exciting product enhancements forthcoming shortly, and with our growing distribution partnerships, 2011 should be a very exciting year for TCG, and I look forward to working with Mike Hiney, Vice President of Administration Kevin Mawn and the rest of the TCG team to capitalize on the major opportunity in front of us. Finally, we would like to congratulate Marty McDonough on his retirement, and thank him for his many years of leadership and his significant contributions to TCG."
About Tactical Communications Group
Founded in 2001, Tactical Communications Group (TCG) is the leading independent supplier of tactical data link software solutions for military communications worldwide. Its powerful, flexible software solutions minimize the time, cost and effort required to build, integrate, test, and deploy military systems that need connectivity and interoperability with tactical data link networks. TCG's complete tactical data link (TDL) product line includes military testing software, used to ensure compliance of TDL solutions to military standards using the BOSS test solution; military multi-link training systems for battlefield readiness with using TCG's GTS training solution; and live operational systems for secure warfighter communications enabling better operational coordination and increased mission effectiveness using TCG's LinkPRO software. TCG's customers include leading military organizations, systems integrators and test agencies worldwide. TCG is headquartered in Tewksbury, MA with offices in Newport News, VA, Nellis AFB, NV, Orlando, FL and San Diego CA. For additional information, please visit us at www.g2tcg.com or call at 978-654-4800.
Contact Information:
Dana Harris
Red Javelin Communications, Inc.
978-440-8392