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. 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. 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.
