Technical Communications Corporation Reports Nasdaq Acceptance of plan to regain compliance with Nasdaq Listing Rule
March 12 2019 - 4:30PM
Technical Communications Corporation (NasdaqCM: TCCO) today
announced that on March 11, 2019, the Nasdaq Listing Qualifications
department of the Nasdaq Stock Market notified the Company that it
had accepted the Company’s plan to regain compliance with Nasdaq
Listing Rule 5250(c)(1), which permits the continued listing of the
Company’s common stock on the Nasdaq Capital Market. Nasdaq granted
the Company an extension until no later than May 10, 2019 to file
its Form 10-K for the fiscal year ended September 29, 2018 together
with its Form 10-Q for the quarter ended December 29, 2018.
About Technical Communications
CorporationFor over 50 years, TCC has specialized in
superior-grade secure communications systems and customized
solutions, supporting our CipherONE® best-in-class criteria,
to protect highly sensitive voice, data and video transmitted over
a wide range of networks. Government entities, military agencies
and corporate enterprises in 115 countries have selected TCC's
proven security to protect their communications. Learn
more: www.tccsecure.com.
Statements made in this press release or as may
otherwise be incorporated by reference herein constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include but are not limited to statements regarding
anticipated operating results, future earnings, and the ability to
achieve growth and profitability. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors,
including but not limited to the effect of foreign political
unrest; domestic and foreign government policies and economic
conditions; future changes in export laws or regulations; changes
in technology; the ability to hire, retain and motivate technical,
management and sales personnel; the risks associated with the
technical feasibility and market acceptance of new products;
changes in telecommunications protocols; the effects of changing
costs, exchange rates and interest rates; and the Company's ability
to secure adequate capital resources. Such risks, uncertainties and
other factors could cause the actual results, performance or
achievements of the Company, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. For a more
detailed discussion of the risks facing the Company, see the
Company’s filings with the Securities and Exchange Commission,
including its Quarterly Reports on Form 10-Q for the quarters ended
December 30, 2017, March 31, 2018 and June 30, 2018 and its Annual
Report on Form 10-K for the fiscal year ended September 30, 2017
filed with the Commission and the “Risk Factors” section included
therein (as the same may be amended from time to time).
Michael P. Malone Chief Financial Officer (978)
287-5100 www.tccsecure.com
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