Tel-Instrument Corporation
Tel-Instrument Electronics Corp. Receives Initial $520,000 Mode 5 Test Set Order for the German Military
Tel-Instrument Electronics Corp. Receives Initial $520,000
Mode 5 Test Set Order for the German Military
East Rutherford, NJ – February 7, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported that it received an initial purchase order totaling $520,000 from its European Distributor, Muirhead Avionics (“Muirhead”) for Mode 5 test sets from the contract awarded by the German military. This is a seven-year procurement contract with anticipated orders for the 2019 calendar year of approximately $3.5 million in total.
Mode 5 Test Set Order for the German Military
East Rutherford, NJ – February 7, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported that it received an initial purchase order totaling $520,000 from its European Distributor, Muirhead Avionics (“Muirhead”) for Mode 5 test sets from the contract awarded by the German military. This is a seven-year procurement contract with anticipated orders for the 2019 calendar year of approximately $3.5 million in total.
Tel-Instrument Electronics Corp. Announces $615,000 International Order For The T-47/M5 Mode 5 Test Set
East Rutherford, NJ – December 13, 2018 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported the receipt of a $615,000 order for the T-47/M5 Mode 5 test set from a major military customer in the Asia-Pacific region. This order will be shipped in the third quarter of our next fiscal year.
Jeff O’Hara, Tel’s President and CEO said, “We are pleased to report the receipt of a $615,000 follow-on order from the Asia-Pacific region for our T-47/M5 integrated dual crypto Mode 5 test set. This brings the cumulative T-47/M5 orders from this customer to over $1 million. This customer had been waiting for AIMS certification before releasing this follow-on order. The T-47/M5 Mode 5 test set has been sold to eight different countries thus far, and we believe this test set will be the test set of choice for many international customers due its dual crypto capability, and ability to perform detailed Mode 5 platform integration testing. The U.S. Army has begun purchasing these test sets for their Mode 5 platform integration testing. These most recent orders, and other pending contracts, continue to strengthen our position as the world-wide leader for Mode 5 flight-line test equipment. The Company anticipates continued revenue growth and a return to solid profitability starting in the current fiscal quarter.”
Jeff O’Hara, Tel’s President and CEO said, “We are pleased to report the receipt of a $615,000 follow-on order from the Asia-Pacific region for our T-47/M5 integrated dual crypto Mode 5 test set. This brings the cumulative T-47/M5 orders from this customer to over $1 million. This customer had been waiting for AIMS certification before releasing this follow-on order. The T-47/M5 Mode 5 test set has been sold to eight different countries thus far, and we believe this test set will be the test set of choice for many international customers due its dual crypto capability, and ability to perform detailed Mode 5 platform integration testing. The U.S. Army has begun purchasing these test sets for their Mode 5 platform integration testing. These most recent orders, and other pending contracts, continue to strengthen our position as the world-wide leader for Mode 5 flight-line test equipment. The Company anticipates continued revenue growth and a return to solid profitability starting in the current fiscal quarter.”
TEL-INSTRUMENT ELECTRONICS CORP. ANNOUNCES RECEIPT OF $4.3 MILLION ORDER FROM THE U.S. MILITARY
Tel-Instrument Electronics Corp. Announces
receipt of $4.3 MILLION ORDER FROM THE U.S. MILITARY
East Rutherford, NJ – October 10, 2018 – Tel-Instrument Electronics Corp (“Tel”, or the “Company”) (NYSE American: TIK) today reported that it has received a $4.3 million order for additional Mode 5 test sets for the U.S. military. Tel is also in negotiations with Lockheed Martin on a Mode 5 test set order which is expected to be issued later this month.
receipt of $4.3 MILLION ORDER FROM THE U.S. MILITARY
East Rutherford, NJ – October 10, 2018 – Tel-Instrument Electronics Corp (“Tel”, or the “Company”) (NYSE American: TIK) today reported that it has received a $4.3 million order for additional Mode 5 test sets for the U.S. military. Tel is also in negotiations with Lockheed Martin on a Mode 5 test set order which is expected to be issued later this month.
Tel-Instrument Electronics Corp. Announces $816,000 Test Set Order And Receipt of AIMS Certification for the T-47/M5 Test Set
Tel-Instrument Electronics Corp. Announces $816,000 Test Set Order
And Receipt of AIMS Certification for the T-47/M5 Test Set
East Rutherford, NJ – November 29, 2018 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported the receipt of an $816,000 order for Mode 5 test sets from a major U.S. defense contractor, and the receipt of U.S. DOD AIMS certification for Tel’s new T-47/M5 Test Set.
Tel-Instrument Electronics Corp. Completes $1 Million Financing
Tel-Instrument Electronics Corp. Completes $1 Million Financing
East Rutherford, NJ – October 9, 2018 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today announced that it has completed a $1 million financing transaction. The Company issued an additional $1 million of Series B Preferred Stock in a private placement. This preferred stock includes an 8% dividend rate and will be convertible into shares of common stock at a price of $2.00 per share. The Company has the ability to repurchase these shares of preferred stock after a period of three-years.