Market Overview

Tel-Instrument Electronics Corp. Announces Notice of Commencement of Delisting Procedures from NYSE American


Tel-Instrument Electronics Corp. ("Tel" or "Company") (NYSE
American:TIK), a leading designer and manufacturer of avionics test and
measurement solutions, was advised today that the Staff of the NYSE
American is planning to commence proceedings to delist the Company's
common stock from the Exchange for failure to meet the $4 million
minimum net worth requirements pursuant to Section 1009 of the NYSE
American Company Guide. This mandates that a company's stockholders'
equity be $4.0 million or higher if such company has reported net losses
in three of its last four fiscal years (the "Stockholders' Equity
Requirement"). The NYSE had previously provided the Company with an
extension for compliance with the Stockholders' Equity Requirement until
January 29, 2019.

The Company intends to request a review of the staff determination to
delist the common stock to the committee of the Board of Directors of
the Exchange as the Company believes that it will reestablish compliance
during the 2019 calendar year based on its greatly improved financial
prospects, which have been previously disclosed. The Company will also
argue that the positive historical operating performance of the Company
has been masked by the adverse results of the Aeroflex litigation.
Absent this litigation, which is now in the appeal stage, the Company
would have been solidly profitable in three of the last four years.

As discussed in recent press releases, the Company anticipates a return
to solid profitability starting in the current fiscal quarter ending
December 31, 2018. The Company has received new bookings and pending
contracts totaling over $10 million in the current fiscal quarter, with
additional volume orders expected going forward as the international
market finally begins to ramp-up to comply with the January 1, 2020
deadline for Mode 5 compliance. We have several other multi-million
solicitations in process from key domestic and international markets,
which are expected in the first quarter of next year, and we are
optimistic on our prospects as most of these customers are specifying
our products. While Tel is confident that it will reestablish compliance
with the Stockholders' Equity Requirement in calendar year 2019, there
is no assurance that we will be successful or that the NYSE Staff will
not delist the Company after the hearing.

The Company's common stock will continue to trade on the Exchange until
a hearing is held and before the Listing Qualification Panel issues its
decision. In the event an additional extension is not granted, the
Company's stock will continue to trade on the OTC and Company management
will review alternative listing options.

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

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
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.

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