0001185185-16-004557.txt : 20160516 0001185185-16-004557.hdr.sgml : 20160516 20160516100347 ACCESSION NUMBER: 0001185185-16-004557 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160516 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160516 DATE AS OF CHANGE: 20160516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEL INSTRUMENT ELECTRONICS CORP CENTRAL INDEX KEY: 0000096885 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 221441806 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31990 FILM NUMBER: 161651244 BUSINESS ADDRESS: STREET 1: ONE BRANCA ROAD CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 BUSINESS PHONE: 2019331600 MAIL ADDRESS: STREET 1: ONE BRANCA ROAD CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 8-K 1 telinstrument8k051616.htm 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 8-K
 
 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 16, 2016

TEL-INSTRUMENT ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)

New Jersey
001-31990
22-1441806
(State or other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

One Branca Road
East Rutherford, New Jersey 07073
(Address of principal executive offices)

(201) 933-1600
(Telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
Item 7.01.   Regulation FD Disclosure

On May 12, 2016, Tel-Instrument Electronics Corp (“Tel”, “Tel-Instrument” or the “Company”) (NYSE MKT: TIK) today announced the receipt of a $1.3 million order from the U.S Army for CRAFT 708 units with delivery scheduled for the second calendar quarter of 2016. The Company also announced that it recently received an order from the U.S. Navy for four CRAFT 708 test sets for the U.S. Presidential Helicopter program.
The Company also introduced the new T-47M5 test set at the DOD AIMS meeting in Orlando held during the week of May 2, 2016. This test set will allow our existing customers to upgrade their Mode 4 IFF test sets to handle Mode 5. Deliveries are expected to commence in the fourth quarter of this calendar year after planned product testing is completed.

A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.         Description
 
 
*Filed herewith
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
TEL-INSTRUMENT ELECTRONICS CORP.
 
 
 
 
 
 
Date: May 16, 2016
By:
/s/ Joseph P. Macaluso
 
 
 
Name: Joseph P. Macaluso
 
 
 
Title: Principal Accounting Officer
 




EX-99.1 2 ex99-1.htm EX-99.1
 
Exhibit 99.1
 
TEL-INSTRUMENT ELECTRONICS CORP. ANNOUNCES RECEIPT OF $1.3 MILLION CRAFT 708 ARMY ORDER AND A NEW MODE 5 IFF TEST SET

East Rutherford, New Jersey – May 12, 2016 – Tel-Instrument Electronics Corp (“Tel”, or the “Company”) (NYSE MKT: TIK) today announced the receipt of a $1.3 million order from the U.S Army for CRAFT 708 units with delivery scheduled for the second calendar quarter of 2016. The Company also announced that it recently received an order from the U.S. Navy for four CRAFT 708 test sets for the U.S. Presidential Helicopter program.
The Company also introduced the new T-47M5 test set at the DOD AIMS meeting in Orlando held during the week of May 2, 2016. This test set will allow our existing customers to upgrade their Mode 4 IFF test sets to handle Mode 5. Deliveries are expected to commence in the fourth quarter of this calendar year after planned product testing is completed.

Jeffrey C. O’Hara, the Company’s President and CEO, stated “Our CRAFT 708 continues to be well received in the marketplace. The U.S. Army Special Forces order represents the first significant penetration of this test set into the U.S. Army.  Furthermore, the selection of our product to help protect the helicopter fleet of the President of the United States reflects the trust that customers put in the quality and reliability of our testing solutions. We continue to innovate and evolve our product line, and we expect that the new T-47M5 test set should be well received as it will allow our large installed domestic and international customer base to upgrade these units in the field in a cost-effective fashion.”
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 www.telinstrument.com.
 
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 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 harbour 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.
 
Contact:
Joseph P. Macaluso
John Nesbett or Jennifer Belodeau
 
Tel-Instrument Electronics Corp.
Institutional Marketing Services (IMS)
 
(201) 933-1600
(203) 972-9200
   
jnesbett@institutionalms.com