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

. Posted in About Us

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.

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Tel-Instrument Electronics Corp. Reports Financial Results for Third Quarter 2018

. Posted in About Us

East Rutherford, NJ – February 14, 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 a net loss of $333k on revenues of $2.6 million for the third quarter of fiscal year 2018. This loss included $135k of litigation expenses related to the Aeroflex litigation.

Quarter Ended December 31, 2017 as Compared to December 31, 2016
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Tel-Instrument Electronics Corp. Reports Financial Results for Second Quarter 2018 and Completes $3 Million Financing

. Posted in About Us

Tel-Instrument Electronics Corp. Reports Financial Results for Second Quarter 2018 and Completes $3 Million Financing


East Rutherford, NJ – November 14, 2017 – 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 a net loss of $2.9 million on revenues of $1.8 million for the second quarter of fiscal year 2018. This loss included a $2.1 million accrual for punitive damages in the Aeroflex litigation. The Company also announced the completion of a $3 million preferred stock financing that closed on November 14, 2017.

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TEL-INSTRUMENT ANNOUNCES “DRIVE TO MODE 5” MARKETING PROGRAM FOR INTERNATIONAL MODE 5 IFF CUSTOMERS

. Posted in About Us

TEL-INSTRUMENT ANNOUNCES “DRIVE TO MODE 5” MARKETING
PROGRAM FOR INTERNATIONAL MODE 5 IFF CUSTOMERS

East Rutherford, New Jersey – August 25, 2017 – Tel-Instrument Electronics Corp (“Tel”, or the “Company”) (NYSE American: TIK) today announced the kick-off of our “DRIVE TO MODE 5” marketing campaign for our international Mode 5 IFF customers.

Jeffrey C. O’Hara, the Company’s President and CEO, stated “the transition to Mode 5 IFF test capability for our international customers will represent a massive undertaking involving thousands of different airborne, ship and ground based platforms. This new program is meant to raise awareness of our market leading Mode 5 test products, and provide financial and other incentives to ensure our international customers meet their Mode 5 fielding requirements well in advance of the January 1, 2020 deadline for all NATO and international allies.

Tel Instrument has five different Mode 5 test sets with over 5,000 of these units delivered, including our AN/USM-708, AN/USM,-719, TR-420, TS-4530, and T-47/M5 test sets. This represents an estimated 95% world-wide market share in Mode 5 flight-line testing. Our new T-47/M5 test set represents the most cost-effective upgrade option for our large base of international customers fielding our 480 and T-47 series Mode 4 test sets. Tel has already received orders for this new test set from three different international markets and expects to start delivering units starting in October. Our new Remote Client application will also provide substantial benefits to our customers for their Mode 5 certification efforts. This software allows the operator to utilize and control our Mode 5 test sets utilizing a Windows® computer or laptop and offers expanded and detailed printed test results not available on the standard test set display.”

About Tel-Instrument Electronics Corp.

Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defence markets. Tel-Instrument provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment. For further information please visit our website at www.telinstrument.com.

This press release includes statements that are not historical in nature and may be characterized as “forward-looking statements,” including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company’s outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for the Company’s products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company’s previous filings with the U.S. Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the “Act”) protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
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Tel-Instrument Electronics Corp. Reports Financial Results for First Quarter 2018

. Posted in About Us

Tel-Instrument Electronics Corp. Reports Financial Results for First Quarter 2018

East Rutherford, NJ – August 17, 2017 – 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 its financial results for the first quarter of fiscal year 2018.
Financial Results for First Quarter of Fiscal Year 2018

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Revenues decreased to $3.5 million from $5.3 million in the first quarter of 2017.


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Gross profit decreased to $1.2 million from $1.9 million in the first quarter of 2017.

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Operating expenses decreased 8% to $706k as compared to $768k in the first quarter last year.

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Litigation expenses increased to $383k, as compared to $144k in the first quarter of the prior fiscal year.

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Engineering, research and development expenses increased 5% to $615k or 17% of revenues.


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Operating loss was $463k compared to operating income of $380k in the first quarter of 2017.


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Net loss was $286k versus net income of $410k in the first quarter of fiscal year 2017.


Subsequent Events


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In July 2017, the court heard the Company’s motion for reduction or elimination of the jury award as well as conducting a hearing as to possible punitive damages. The Company is currently awaiting the court’s decision.


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