Tel-Instrument Electronics Corp. (USOTC:TIKK)
Historical Stock Chart
6 Months : From Dec 2018 to Jun 2019
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 that it received
a contract award totaling $641,172 from the U.S. Navy for Mode 5 test
Jeff O’Hara, Tel’s President and CEO said, “We are pleased to announce
this follow-on test set order from the U.S. Navy for our AN/USM-719 Mode
5 test set. This order continues our strong performance and further
improves our back-log heading into next fiscal year. We continue to work
on other major domestic and international orders which we hope to secure
over the next few months.”
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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190222005031/en/
Joseph P. MacalusoTel-Instrument Electronics Corp.(201)