Office Depot and Telos Corporation Surpass 160 TSA PreCheck® Enrollment Locations Nationwide
Office Depot and Telos have expanded their TSA PreCheck® enrollment locations to 161 centers across 28 states, with 158 locations at Office Depot and OfficeMax stores. They've added twelve new locations in various states, aiming to provide convenient enrollment and renewal options for consumers ahead of the holiday travel season. The partnership plans to continue expanding throughout 2024 and 2025.
TSA PreCheck members enjoy benefits such as keeping shoes, belts, and light jackets on during security checks, with 99% of members waiting less than 10 minutes at airport checkpoints nationwide. New applicants can start their application online or schedule in-person appointments, while existing members can renew directly on Telos' authorized website.
Office Depot e Telos hanno espanso i loro punti di iscrizione al TSA PreCheck® a 161 centri in 28 stati, con 158 sedi presso i negozi Office Depot e OfficeMax. Hanno aggiunto dodici nuove sedi in vari stati, mirando a fornire opzioni di iscrizione e rinnovo comode per i consumatori in vista della stagione dei viaggi natalizi. La partnership prevede di continuare l'espansione nel 2024 e 2025.
I membri del TSA PreCheck godono di vantaggi come mantenere scarpe, cinture e giacche leggere durante i controlli di sicurezza, con il 99% dei membri che attende meno di 10 minuti ai punti di controllo degli aeroporti in tutto il paese. I nuovi richiedenti possono iniziare la loro domanda online o prenotare appuntamenti di persona, mentre i membri esistenti possono rinnovare direttamente sul sito web autorizzato di Telos.
Office Depot y Telos han expandido sus ubicaciones de inscripción al TSA PreCheck® a 161 centros en 28 estados, con 158 ubicaciones en las tiendas de Office Depot y OfficeMax. Han añadido doce nuevas ubicaciones en varios estados, con el objetivo de proporcionar opciones de inscripción y renovación convenientes para los consumidores antes de la temporada de viajes navideños. La asociación planea continuar expandiéndose durante 2024 y 2025.
Los miembros de TSA PreCheck disfrutan de beneficios como mantener zapatos, cinturones y chaquetas ligeras durante los controles de seguridad, con el 99% de los miembros esperando menos de 10 minutos en los puntos de control de los aeropuertos de todo el país. Los nuevos solicitantes pueden comenzar su solicitud en línea o programar citas en persona, mientras que los miembros existentes pueden renovar directamente en el sitio web autorizado de Telos.
Office Depot와 Telos는 TSA PreCheck® 등록 장소를 28개 주에 걸쳐 161개 센터로 확대했습니다, Office Depot 및 OfficeMax 매장에 158개 위치가 있습니다. 그들은 다양한 주에 12개의 새로운 위치를 추가했습니다, 연말 여행 시즌을 앞두고 소비자에게 편리한 등록 및 갱신 옵션을 제공하는 것을 목표로 하고 있습니다. 이 파트너십은 2024년과 2025년 동안 계속 확대할 계획입니다.
TSA PreCheck 회원들은 보안 검색 중에 신발, 벨트 및 가벼운 재킷을 그대로 착용할 수 있는 등의 혜택을 누리며, 회원의 99%가 전국 공항 검사대에서 10분 이하로 기다립니다. 신규 신청자는 온라인에서 신청을 시작하거나 대면 약속을 예약할 수 있으며, 기존 회원은 Telos의 승인된 웹사이트에서 직접 갱신할 수 있습니다.
Office Depot et Telos ont étendu leurs sites d'inscription TSA PreCheck® à 161 centres répartis dans 28 états, avec 158 emplacements dans les magasins Office Depot et OfficeMax. Ils ont ajouté douze nouveaux sites dans divers états, visant à fournir des options d'inscription et de renouvellement pratiques pour les consommateurs avant la saison des voyages de fin d'année. Ce partenariat prévoit de continuer à s'étendre tout au long de 2024 et 2025.
Les membres de TSA PreCheck bénéficient d'avantages tels que le maintien des chaussures, ceintures et vestes légères durant les contrôles de sécurité, avec 99% des membres attendant moins de 10 minutes aux points de contrôle des aéroports à travers le pays. Les nouveaux candidats peuvent commencer leur demande en ligne ou prendre rendez-vous en personne, tandis que les membres existants peuvent renouveler directement sur le site autorisé de Telos.
Office Depot und Telos haben ihre TSA PreCheck® Anmeldestandorte auf 161 Zentren in 28 Bundesstaaten erweitert, wobei sich 158 Standorte in Office Depot und OfficeMax Filialen befinden. Sie haben zwölf neue Standorte hinzugefügt in verschiedenen Bundesstaaten, um den Verbrauchern vor der Urlaubssaison bequeme Anmelde- und Verlängerungsoptionen anzubieten. Die Partnerschaft plant, sich auch 2024 und 2025 weiter auszudehnen.
TSA PreCheck Mitglieder genießen Vorteile wie das Tragen von Schuhen, Gürteln und leichten Jacken während der Sicherheitskontrollen, wobei 99% der Mitglieder weniger als 10 Minuten warten an den Kontrollpunkten der Flughäfen im ganzen Land. Neue Antragsteller können ihren Antrag online starten oder persönliche Termine vereinbaren, während bestehende Mitglieder direkt auf der autorisierten Website von Telos verlängern können.
- Expansion to 161 TSA PreCheck enrollment centers across 28 states
- Addition of twelve new locations in various states
- Plans for continued expansion throughout 2024 and 2025
- 99% of TSA PreCheck members wait less than 10 minutes at airport checkpoints
- None.
Insights
The expansion of TSA PreCheck enrollment locations through the partnership between Office Depot and Telos is a strategic move that could have positive implications for both companies. This initiative addresses a growing consumer need for convenient travel services and aligns with the trend of retailers diversifying their offerings to drive foot traffic and revenue.
For Office Depot, this partnership represents a shift towards service-based offerings, potentially helping to offset challenges in traditional office supply retail. By leveraging its extensive store network, Office Depot can attract new customers and generate additional revenue streams. This could be particularly valuable given the company's need to adapt to changing market dynamics in the office supply sector.
For Telos, the expansion significantly increases its market presence and accessibility for TSA PreCheck enrollments. With 161 locations across 28 states, Telos is positioning itself as a major player in the TSA PreCheck enrollment market. This expanded footprint could lead to increased enrollment numbers and, consequently, higher revenue for Telos in its government solutions segment.
However, the impact on Telos's stock may be in the short term, as TSA PreCheck enrollments likely represent a small portion of the company's overall revenue. Investors should monitor how this expansion translates into tangible financial results in upcoming quarterly reports.
New enrollment locations from Office Depot and Telos offer convenient options for consumers to enroll in TSA PreCheck ahead of the holiday travel season
BOCA RATON, Fla. and ASHBURN, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives, and Telos Corporation (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, today announced the addition of twelve TSA PreCheck enrollment locations in California, Georgia, Kansas, Maryland, Missouri, North Carolina, Oregon, South Carolina, Tennessee, Texas and Washington.
With these new locations, Telos now has 161 TSA PreCheck enrollment centers open in 28 states across the U.S., with 158 locations at Office Depot and OfficeMax retail stores. Office Depot and Telos will continue expanding TSA PreCheck enrollment locations nationwide throughout 2024 and 2025, providing consumers with a convenient TSA PreCheck enrollment and renewal experience.
“We are excited to further expand the number of Office Depot and OfficeMax locations offering TSA PreCheck enrollment and renewal services in partnership with Telos Corporation. This expansion demonstrates Office Depot’s commitment to diversifying the services we offer our customers,” said Kevin Moffitt, executive vice president of The ODP Corporation and president of Office Depot. “Simplifying the process for consumers to enroll and renew in the TSA PreCheck program through our convenient store locations is ideal for anyone looking to optimize their air travel experience.”
TSA PreCheck members benefit from the convenience of keeping shoes, belts and light jackets on through the airport security checkpoint, and keeping electronics and 3-1-1 compliant liquids in carry-on bags. Members typically get through the passenger security screening much faster, with about
“Telos is proud to continue its partnership with Office Depot with the opening of an additional 161 TSA PreCheck enrollment locations nationwide,” said John Wood, CEO and chairman, Telos. “Every minute matters in your travel day, especially during the peak holiday travel season. We are pleased to bring the convenience of opportunities to enroll and renew for TSA PreCheck to neighborhoods nationwide, helping to get travelers to their destinations quickly and easily.”
New TSA PreCheck applicants can start their application online or schedule an in-person enrollment appointment by visiting the authorized TSA PreCheck by Telos website, https://tsaprecheckbytelos.tsa.dhs.gov. Existing TSA PreCheck members nationwide can renew directly on Telos’ authorized TSA PreCheck website, regardless of the provider they enrolled with originally.
A list of current Telos enrollment locations are listed below and on the Telos TSA PreCheck website https://tsaprecheckbytelos.tsa.dhs.gov/locations.
ARIZONA
OfficeMax: 10100 North 90th St, Scottsdale, AZ, 85258
OfficeMax: 245 E Bell Rd, Suite 14, Phoenix, AZ, 85022
OfficeMax: 9580 E 22nd St, Tucson, AZ 85748
OfficeMax: 12841 North Tatum, Phoenix, AZ 85032
OfficeMax: 7974 West Bell Road, Glendale, AZ 85308
Office Depot: 1571 N. Dysart Road, Avondale, AZ 85392
CALIFORNIA
Office Depot: 3535 Hollis St, Emeryville, CA 94608
Office Depot: 5885 Lone Tree Way, Antioch, CA 94531
Office Depot: 1700 A Rosecrans Ave, Manhattan Beach, CA 90266
Office Depot: 3030 Foothill Blvd, La Crescenta, CA 91214
Office Depot: 602 Orange St, Redlands, CA 92374
Office Depot: 2301 East Willow, Signal Hill, CA 90755
Office Depot: 3430 Highland Ave, National City, CA 91950
OfficeMax: 2160 Otis Dr, Alameda, CA 94501
Office Depot: 12900 Foothill Blvd, Sylmar, CA 91342
OfficeMax: 1130 Blossom Hill Rd, San Jose, CA 95118
Office Depot: 4731 Telephone Road, Ventura, CA 93003
Office Depot: 1130 E Colorado Blvd, Pasadena, CA 91106
Office Depot: 1 Colma Blvd, Colma, CA 94014
OfficeMax: 117 Plaza Drive, Vallejo, CA 94591
Office Depot: 6450 Folsom Boulevard, Sacramento, CA 95819
Office Depot: 911 West March Lane, Stockton, CA 95207
Office Depot: 1101 Industrial Rd, San Carlos, CA 94070
Office Depot: 3804 W Shaw Avenue, Fresno, CA 93711
Office Depot: 19611 Parthenia Street, Northridge, CA 91324
Office Depot: 2736 East Divisadero Street, Fresno, CA 93721 – NEW
COLORADO
Office Depot: 1905 28th St, Boulder, CO 80301
Office Depot: 8523 E Arapahoe Rd, Greenwood Village, CO 80112
Office Depot: 343 South Broadway, Denver, CO 80209
Office Depot: 277 E. 29th St, Loveland, CO 80538
Office Depot: 1545 Briargate Blvd, Colorado Springs, CO 80920
Office Depot: 4612 Milestone Lane, Castle Rock, CO 80104
Office Depot: 670 S. Wadsworth, Lakewood, CO 80226
FLORIDA
Office Depot: 501 N. Orlando Ave, #201, Winter Park, FL 32789
Office Depot: 211 N. Dale Mabry Hwy, Tampa, FL 33609
Office Depot: 17081 U.S. Hwy 441, Mount Dora, FL 32757
Office Depot: 1714 Bruce B Downs Blvd, Wesley Chapel, FL 33544
Office Depot: 16000 NW 57th Ave, Miami Lakes, FL 33014
Office Depot: 8605 Bird Rd, Miami, FL 33155
Office Depot: 914 N. Federal Hwy, Fort Lauderdale, FL 33304
Office Depot: 1570 N. Federal Hwy, Fort Lauderdale, FL 33304
Office Depot: 8950 SW 137th Ave, Miami, FL 33186
Office Depot: 1940 S. University Dr, Davie, FL 33324
Office Depot: 14759 N. Dale Mabry Hwy, Tampa, FL 33618
Office Depot: 721 N. Alafaya, Orlando, FL 32828
Office Depot: 5500 W. Sample Rd Unit B, Margate, FL 33073
Office Depot: 236 37th Avenue North, St. Petersburg, FL 33704
OfficeMax: 3680 South Tuttle Avenue, Sarasota, FL 34239
Office Depot: 8004 Mediterranean Dr, Estero, FL 33928
Office Depot: 3151 Capital Circle NE, Tallahassee, FL 32308
Office Depot: 2175 9th Street North, Naples, FL 34102
Office Depot: 550 E. Merritt Island Causeway, Merritt Island, FL 32952
Office Depot: 4026 14th St West, Bradenton, FL 34205
Office Depot: 1138 Saxon Blvd, Orange City, FL 32763
Office Depot: 1831 34th Street N, St. Petersburg, FL 33713
GEORGIA
OfficeMax: 170 Woodstock Square Ave, Woodstock, GA 30189
Office Depot: 585 Bullsboro Dr, Newnan, GA 30265
Office Depot: 3480 Mount Zion Rd, Stockbridge, GA 30281
Office Depot: 3230 Holcomb Bridge Road, Peachtree Corners, GA 30092
Office Depot: 1410 Dogwood Drive SE, Conyers, GA 30013 – NEW
ILLINOIS
Office Depot: 40 East Golf Road, Schaumburg, IL 60173
OfficeMax: 4429 US Route 14, Crystal Lake, IL 60014
Office Depot: 11145 West Lincoln Highway, Frankfort, IL 60423
Office Depot: 120 Ogden Avenue, Downers Grove, IL 60515
INDIANA
OfficeMax: 9815 East Washington St, Indianapolis, IN 46229
Office Depot: 14760 US 31 North, Carmel, IN 46032
Office Depot: 100 N Gates Drive, Bloomington, IN 47404
IOWA
Eastern Iowa Airport (CID): 3020 Lippisch Place SW, Cedar Rapids, IA 52404
KANSAS
Office Depot: 613 S. Dugan Rd, Suite 100, Wichita, KS 67209
Office Depot: 3035 N Rock Rd, Wichita, KS 67226 – NEW
KENTUCKY
OfficeMax: 3501 Springhurst Blvd, Louisville, KY 40241
LOUISIANA
Office Depot: 3116 College Drive, Baton Rouge, LA 70808
Office Depot: 2260 W Thomas Street, Hammond, LA 70401
MARYLAND
Office Depot: 618 Boulton St, Bel Air, MD 21404
Office Depot: 2401 Solomons Island Rd, Annapolis, MD 21401
Office Depot: 569 Ritchie Hwy, Severna Park, MD 21146 – NEW
MICHIGAN
Office Depot: 17335 Haggerty Rd, Northville, MI 48168
Office Depot: 44835 Schoenherr Rd, Sterling Heights, MI 48313
Office Depot: 5355 W. Main St, Kalamazoo, MI 49009
Office Depot: 21110 Greenfield Rd, Oak Park, MI 48237
MINNESOTA
Office Depot: 7361 153rd St, Apple Valley, MN 55124
OfficeMax: 8222 Tamarack Village, Woodbury, MN 55125
MISSISSIPPI
Office Depot: 5450 Hwy 80 East, Pearl, MS 39208
Office Depot: 15212 Crossroads Parkway, Gulfport, MS 39503
Office Depot: 6808 Southcrest Parkway, Southhaven, MS 38671
MISSOURI
Office Depot: 8501 N Evanston Ave, Kansas City, MO 64157
Office Depot: 4045 Veterans Memorial Parkway, St. Peters, MO 63376
Office Depot: 1624 NW Chipman Rd, Lees Summit, MO 64081 – NEW
NEVADA
Telos Corporation: 1160 N. Towncenter Dr, Suite 130, Las Vegas, NV 89144
Office Depot: 9701 S. Eastern Ave, Las Vegas, NV 89183
Office Depot: 5915 S. Eastern Ave, Las Vegas, NV 89119
Office Depot: 2170 N. Rainbow Blvd, Las Vegas, NV 89108
OfficeMax: 549 N. Stephanie St, Henderson, NV 89014
OfficeMax: 8720 W. Charleston Blvd, Las Vegas, NV 89117
Office Depot: 6980 Arroyo Crossing Pkwy, Las Vegas, NV 89113
NORTH CAROLINA
Office Depot: 4500 Falls of the Neuse Rd, #120, Raleigh, NC 27609
Office Depot: 10025 East Independence Blvd, Matthews, NC 28105
Office Depot: 2400 Battleground Avenue, Greensboro, NC 27408
Office Depot: 5107 South Blvd, Charlotte, NC 28217
Office Depot: 1620 South Blvd, Charlotte, NC 28203 – NEW
OHIO
OfficeMax: 4540 Eastgate Blvd, Cincinnati, OH 45245
OfficeMax: 1325 Polaris Parkway, Columbus, OH 43240
Office Depot: 2691 Miamisburg Centerville Rd, Dayton, OH 45459
Office Depot: 11711 Princeton Pike, Springdale, OH 45246
OfficeMax: 4333 Lincoln Way East, Massillon, OH 44646
OfficeMax: 500 East Aurora Rd, Unit 30, Macedonia, OH 44056
OKLAHOMA
Office Depot: 7286 South Lewis, Tulsa, OK 74136
Office Depot: 2360 W. Memorial Rd, Oklahoma City, OK 73134
Office Depot: 1427 Broadway, Edmond, OK 73034
Office Depot: 2724 NW Expressway, Oklahoma City, OK 73112
OREGON
Office Depot: 3485 SW Cedar Hills Blvd, Beaverton, OR 97005
Office Depot: 2945 Liberty Road SE, Salem, OR 97302
Office Depot: 12115 SE Stevens Rd, Happy Valley, OR 97086
Office Depot: 2205 NE Burnside Rd, Gresham, OR 97030 – NEW
PENNSYLVANIA
OfficeMax: 130 Commerce Blvd, Unit #3, Fairless Hills, PA 19030
OfficeMax: 7231 Roosevelt Blvd, Philadelphia, PA 19149
OfficeMax: 4080 William Penn Highway #49, Monroeville, PA 15146
Office Depot: 4000 Oxford Drive, Bethel Park, PA 15102
SOUTH CAROLINA
Office Depot: 1812 Sam Rittenberg Blvd, Charleston, SC 29407
Office Depot: 101 Verdae Blvd, #100, Greenville, SC 29607
Office Depot: 7250 Rivers Ave, Bldge 1200, North Charleston, SC 29406 – NEW
TENNESSEE
Office Depot: 2312 West End Ave, Nashville, TN 37203
Office Depot: 545 Cool Springs Blvd, Suite 105, Franklin, TN 37067
Office Depot: 2863 Wolf Creek Pkwy, Memphis, TN 38133
Office Depot: 305 Market Blvd, Collierville, TN 38017
Office Depot: 620 Ridgely Rd, Murfreesboro, TN 37129
Office Depot: 7111 Kingston Pike, Knoxville, TN 37919 – NEW
TEXAS
Office Depot: 119 SW Loop 410, San Antonio, TX 78245
Office Depot: 5205 N Garland Ave, Garland, TX 75040
Office Depot: 19000 Limestone Commercial Dr, Ste 500, Pflugerville, TX 78660
Office Depot: 15375 Southwest Freeway, Sugar Land, TX 77478
Office Depot: 5300 S MoPac Expy, #101, Austin, TX 78749
Office Depot: 7777 N. Macarthur Blvd, Irving, TX 75063
Office Depot: 1751 N Central Expy, Bldg H, McKinney, TX 75069
Office Depot: 1319 W Davis St, Conroe, TX 77304
OfficeMax: 255 E Basse Rd, Suite 1510, San Antonio, TX 78209
Office Depot: 4615 Garth Road, Baytown, TX 77521
Office Max: 23610 Westheimer Parkway, Katy, TX 77494
Office Depot: 14424 FM 2920 Rd, Tomball, TX 77377
Office Depot: 20075 Interstate 24 N, Spring, TX 77388
Office Depot: 401 SW Plaza, Ste 107, Arlington, TX 76016
Office Depot: 1013 W University, Georgetown, TX 78628
OfficeMax: 202 W. Interstate 20, Weatherford, TX 76086
Office Depot: 6060 Long Prairie Rd, Suite 300, Flower Mound, TX 75028
Office Depot: 4613 South Hulen Suite B, Fort Worth, TX 76132
Office Depot: 1111 Geronimo Drive, El Paso, TX 79925
Office Depot: 5425 S. Padre Island Dr, #151, Corpus Christi, TX 78411
Office Depot: 13484 San Pedro Avenue, San Antonio, TX 78216
Office Depot: 211 FM 2094 Rd, Kemah, TX 77565 – NEW
Office Depot: 140 NW John Jones Drive Suite 136, Burleson, TX 76028 – NEW
VIRGINIA
Telos Corporation: 19886 Ashburn Rd, Ashburn, VA 20147
Office Depot: 14405 Chantilly Crossing Ln, Chantilly, VA 20151
Office Depot: 2330-B W. Mercury Blvd, Hampton, VA 23666
OfficeMax: 6301 W. Broad St, Richmond, VA 23230
WASHINGTON
Office Depot: 8812 NE 5th Ave, Vancouver, WA 98665
Office Depot: 3715 S Meridian, Puyallup, WA 98373
Office Depot: 300 Andover Park West, Suite 400, Tukwila, WA 98188
Office Depot: 14008 E. Sprague Ave, Spokane, WA 99216
Office Depot: 3330 South 23rd St, Tacoma, WA 98405
Office Depot: 602 Sleater Kinney Rd SE, Lacey, WA 98503 – NEW
WEST VIRGINIA
Office Depot: 2098 Thundering Herd Drive, Barboursville, WV 25504
About TSA PreCheck®
TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at over 200 airports with nearly 100 airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 20 million members.
About Office Depot
Office Depot, LLC, an operating company of The ODP Corporation, is a leading specialty retailer providing innovative products and services delivered through a fully integrated omni-channel platform of Office Depot and OfficeMax retail stores and an award-winning online presence, OfficeDepot.com, to support the productivity and organization of its small business, home office and education clients. Office Depot is committed to enabling its clients’ success, strengthening local communities and providing equal opportunities for all. For more information, visit officedepot.com, download the Office Depot app on your iPhone or Android and follow @officedepot on Facebook, Twitter, Instagram and TikTok.
Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Any other product or company names mentioned herein are the trademarks of their respective owners.
About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; Veyer, LLC; and Varis, Inc, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.
ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2023 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.
About Telos Corporation
Telos 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 commercial enterprises, regulated industries and government customers around the world.
FORWARD LOOKING STATEMENTS – THE ODP CORPORATION
This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, the potential impacts on our business due to the unknown severity and duration of the COVID-19 pandemic, or state other information relating to, among other things, The ODP Corporation (“the Company”), based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “expectations”, “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the Company’s control. There can be no assurances that the Company will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, highly competitive office products market and failure to differentiate the Company from other office supply resellers or respond to decline in general office supplies sales or to shifting consumer demands; competitive pressures on the Company’s sales and pricing; the risk that the Company is unable to transform the business into a service-driven, B2B platform that such a strategy will not result in the benefits anticipated; the risk that the Company will not be able to achieve the expected benefits of its strategic plans, including the strategic review of Varis and benefits related to Project Core; the risk that the Company may not be able to realize the anticipated benefits of acquisitions due to unforeseen liabilities, future capital expenditures, expenses, indebtedness and the unanticipated loss of key customers or the inability to achieve expected revenues, synergies, cost savings or financial performance; the risk that the Company is unable to successfully maintain a relevant omni-channel experience for its customers; the risk that the Company is unable to execute the Maximize B2B Restructuring Plan successfully or that such plan will not result in the benefits anticipated; failure to effectively manage the Company’s real estate portfolio; loss of business with government entities, purchasing consortiums, and sole- or limited- source distribution arrangements; failure to attract and retain qualified personnel, including employees in stores, service centers, distribution centers, field and corporate offices and executive management, and the inability to keep supply of skills and resources in balance with customer demand; failure to execute effective advertising efforts and maintain the Company’s reputation and brand at a high level; disruptions in computer systems, including delivery of technology services; breach of information technology systems affecting reputation, business partner and customer relationships and operations and resulting in high costs and lost revenue; unanticipated downturns in business relationships with customers or terms with the suppliers, third-party vendors and business partners; disruption of global sourcing activities, evolving foreign trade policy (including tariffs imposed on certain foreign made goods); exclusive Office Depot branded products are subject to additional product, supply chain and legal risks; product safety and quality concerns of manufacturers’ branded products and services and Office Depot private branded products; covenants in the credit facility; general disruption in the credit markets; incurrence of significant impairment charges; retained responsibility for liabilities of acquired companies; fluctuation in quarterly operating results due to seasonality of the Company’s business; changes in tax laws in jurisdictions where the Company operates; increases in wage and benefit costs and changes in labor regulations; changes in the regulatory environment, legal compliance risks and violations of the U.S. Foreign Corrupt Practices Act and other worldwide anti-bribery laws; volatility in the Company’s common stock price; changes in or the elimination of the payment of cash dividends on Company common stock; macroeconomic conditions such as higher interest rates and future declines in business or consumer spending; increases in fuel and other commodity prices and the cost of material, energy and other production costs, or unexpected costs that cannot be recouped in product pricing; unexpected claims, charges, litigation, dispute resolutions or settlement expenses; catastrophic events, including the impact of weather events on the Company’s business; the discouragement of lawsuits by shareholders against the Company and its directors and officers as a result of the exclusive forum selection of the Court of Chancery, the federal district court for the District of Delaware or other Delaware state courts by the Company as the sole and exclusive forum for such lawsuits; and the impact of the COVID-19 pandemic on the Company’s business. The foregoing list of factors is not exhaustive. Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. The Company does not assume any obligation to update or revise any forward-looking statements.
FORWARD LOOKING STATEMENTS – TELOS CORPORATION
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 Telos Corporation’s (“the Company”) 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 its Annual Report on Form 10-K for the year ended December 31, 2023, as well as future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC’s website at www.sec.gov. Although the Company bases these forward-looking statements on assumptions that its management believes are reasonable when made, the Company cautions 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 its 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.
| CONTACT: | CONTACT: | |
| Office Depot | Telos Corporation | |
| Tim Perrott, Investor Relations | Media@telos.com | |
| 561-438-4629 | InvestorRelations@telos.com | |
| Tim.Perrott@theodpcorp.com |
FAQ
How many TSA PreCheck enrollment locations does Telos (TLS) now have?
What are the benefits of TSA PreCheck membership according to the Telos (TLS) announcement?
How can new applicants enroll in TSA PreCheck through Telos (TLS)?
When will Office Depot and Telos (TLS) continue expanding TSA PreCheck enrollment locations?
