East Rutherford-based Tel-Instrument Electronics Corp. announced recently that the German government has notified it of its intent to award a multiyear, multimillion-dollar contract to buy up to 275 of its military avionic products, or TS-4530A Mode 5 test sets.
“This is the first multimillion international contract for Mode 5 test sets and provides an indication of the scope of the international Mode 5 market and the competitiveness of our test sets. We are working with our U.K. distributor and the German government to resolve the protest and hope to have the contract issued this quarter. This pending order would entail the shipment of up to 200 test sets within the next 12 months,” Jeffrey O’Hara, Tel-Instrument Electronics CEO and president, said.
“The company is also in discussions with other major international customers that have evaluated our Mode 5 test sets and anticipates volume contracts to commence starting later this year as countries work to become Mode 5 compliant prior to the January 1, 2020 decertification of Mode 4 IFF. The company is actively working to secure additional equity financing to support the planned growth in our business and we expect to have this financing in place by the end of the current fiscal quarter.”