Tel-Instrument Electronics Corp. (TIKK)

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Tel-Instrument Electronics Corp TIK:NYSE MKT LLC
Tel-Instrument Electronics Corp. Announces Full Rate Production Release on TS-4530A SETS
BusinessWire
1:19 PM ET
Tel-Instrument Electronics Corp ("Tel", "Tel-Instrument" or the "Company") (NYSE MKT: TIK) today reported that it has received the Full Rate Production Release for the TS-4530A SETS from the U.S. Army.

Jeff O'Hara, Tel's President and CEO, noted, "Receiving the Full Rate Production Release on the TS-4530A SETS represents an important milestone for the Company. It is expected that volume deliveries of TS-4530A SETS will commence late in the third fiscal quarter which ends December 31, 2015. We currently have a backlog of 688 TS-4530A SETS with a contract value of approximately $7.8 million, and we are also actively marketing this test set to both domestic and foreign markets."