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.
Jeff O’Hara, Tel’s President and CEO said, “We are pleased to report the receipt of the Mode 5 test set order from an important domestic customer. Shipments on this order will commence in the current fiscal quarter. We also expect to receive a larger follow-on order from this customer later this fiscal year. We are also excited to receive certification for our new T-47/M5 dual crypto Mode 5 test set from the U.S. DOD International AIMS Program Office. The T-47/M5 certification is critical to our Mode 5 international marketing efforts as this will be the test set of choice for many international customers. The receipt of this certification should result in additional near-term orders, and will allow us to begin shipments this quarter to certain international customers that require AIMS approval.
We also have several other international contracts in process and expect to report additional international contracts in the near future. We believe this new order, in conjunction with the AIMS certification and the recent $4.3 million test set order from the U.S. DOD, should result in a strong improvement in both revenues and profitability starting in the current quarter.”
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 defense 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.