Telos Corporation Achieves CMMI DEV V2.0 Maturity Level 3

Rhea-AI Summary

Telos Corporation (NASDAQ: TLS) announced that its Telos Secure Networks - Core Solutions achieved Capability Maturity Model Integration Development V2.0 Maturity Level 3. This milestone underscores the company's commitment to enhancing customer satisfaction and operational performance. Brendan Malloy, senior vice president, highlighted the importance of adhering to best practices to drive quality and value for clients. The appraisal was performed by Ace Guides, an authorized CMMI Institute service provider.

Positive

• Achieved CMMI Development V2.0 Maturity Level 3, indicating strong operational capabilities.
• Demonstrates commitment to continuous improvement and customer satisfaction.

Negative

• None.

ASHBURN, Va., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Telos ^® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced that Telos Secure Networks - Core Solutions has achieved Capability Maturity Model Integration Development V2.0 Maturity Level 3. The Capability Maturity Model Integration (CMMI)^® is a proven set of global best practices that drives business performance through building and benchmarking key capabilities.

“Obtaining this milestone demonstrates our clear commitment to continuous improvement for our customers,” said Brendan Malloy, senior vice president and general manager of cyber operations and defense, Telos. “By adhering to a proven and repeatable set of best practices, this appraisal demonstrates our ability to continually drive quality, customer satisfaction, performance and value to their highest levels.”

Ace Guides, an authorized CMMI Institute service provider, performed the appraisal.

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 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 military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world. 

Media:
Mia Wilcox
media@telos.com         
(610) 564-6773

Investors:
Christina Mouzavires
InvestorRelations@telos.com
(703) 724-4777

FAQ

What is CMMI Level 3 achievement for Telos Corporation?

CMMI Level 3 signifies that Telos has established and is following proven best practices for operational management, enhancing its ability to deliver quality services.

How does Telos Corporation's new CMMI certification affect its business?

The CMMI certification may improve Telos's market positioning by showcasing its commitment to operational excellence and customer satisfaction.

What date was the CMMI Level 3 achievement announced by Telos?

The achievement was announced on September 22, 2021.

Who performed the CMMI appraisal for Telos Corporation?

The appraisal was performed by Ace Guides, an authorized CMMI Institute service provider.

What is the stock symbol for Telos Corporation?

The stock symbol for Telos Corporation is TLS.