Market Overview

Tel-Instrument Electronics Corp. Announces Expected Multi-Million Dollar Order from the German Government


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

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

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.
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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