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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.

TEL-INSTRUMENT ELECTRONICS CORP. ANNOUNCES EXPECTED MULTI-MILLION DOLLAR ORDER FROM THE GERMAN GOVERNMENT

TEL-INSTRUMENT ELECTRONICS CORP. ANNOUNCES
Expected MULTI-MILLION DOLLAR ORDER FROM THE GERMAN GOVERNMENT

East Rutherford , NJ - August 16, 2018 - Tel-Instrument Electronics Corp ("Tel", or the "Company") (NYSE American: TIK) today reported that the German government has notified our U.K. distributor of its intent to award a multi-year, multi-million dollar contract for the purchase of up to 275 TS-4530A Mode 5 test sets. The German government has received a protest to this planned award from an unsuccessful bidder and this must be resolved prior to any contract being awarded.

Jeffrey O'Hara, the Company's President and CEO indicated that "this is the first multi-million international contract for Mode 5 test sets and provides an indication of the scope of the international Mode 5 market and the competitiveness of our test sets . We are working with our U.K. distributor and the German government to resolve the protest, and hope to have the contract issued this quarter. This pending order would entail the shipment of up to 200 test sets within the next 12 months. The Company is also in discussions with other major international customers that have evaluated our Mode 5 test sets and anticipates volume contracts to commence starting later this year as countries work to become Mode 5 compliant prior to the January 1, 2020 decertification of Mode 4 IFF. The Company is actively working to secure additional equity financing to support the planned growth in our business and we expect to have this financing in place by the end of the current fiscal quarter.

T-47/M5 Test Set can now be ordered using a NSN Number

t47m5
Tel-Instrument Electronics Corp is is pleased to announce that the our latest test set, the T-47/M5 Dual Crypto Test Set is now available with an NSN Number.

NSN number: 6625-01-664-6684
Tel Part Number: 90000145

The T-47/M5 is unique in that the test set can utilize both an Option A or an Option B crypto applique and also provides all the tests necessary to perform AIMSPO 1102 transponder integration testing in a ramp test set. 

If you would like more information on this Test set - please contact our sales staff or one of our distributors. 

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