AI
As mentioned above, Tel-Instrument Electronics is flying early on in the market today as the company believes that it will be awarded a German government contract. In a press release issued early this morning, the company announced that the German government has notified its U.K. distributor of its intent to award a multi-year, multi-million dollar contract. The contract surrounds the purchase of up to 275 TS-4530A Mode 5 test sets. According to TIK, the German government has received a protest to this planned award from an unsuccessful bidder and that this protest must be resolved bfore the contract is awarded. In a statement, Jeffrey O’Hara, President and CEO at TIK, had the following to offer:
http://cnafinance.com/tel-instrument-electronics-tik-stock-soaring-on-new-order/20065
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