Market Overview

Tel-Instrument Electronics Corp. Announces $1.6 Million Mode 5 Test Set Order


Tel-Instrument Electronics Corp. ("Tel", "Tel-Instrument" or the
"Company") (NYSE:TIK), a leading designer and manufacturer of
avionics test and measurement solutions, today reported the receipt of a
$1.6 million follow-on order for Mode 5 test sets from a major U.S.
defense contractor.

Jeff O'Hara, Tel's President and CEO said, "We are pleased to report the
receipt of a $1.6 million Mode 5 test set order from a major U.S.
Defense contractor. Shipments on this order will commence in the fourth
quarter of this fiscal year and will continue into the first quarter of
the 2020 fiscal year. The Company already has the majority of the parts
on hand to complete this order so these shipments will generate strong
positive cash-flow. This most recent order brings our total bookings for
this quarter to almost $10 million. These bookings and other large
pending orders should result in a strong improvement in both revenues
and profitability starting this quarter and continuing into the next
fiscal year where we expect to see significant activity in the
international Mode 5 market. We look forward to meeting interested
shareholders at our Annual Meeting which is scheduled at our New Jersey
office at 4:00 p.m. on January 16, 2019."

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.
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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