Business Services Industry
Technical Communications Corporation Announces an Amendment to a Previously Received Order from the U.S. Army
Business Wire, Oct 28, 2008
CONCORD, Mass. -- Technical Communications Corporation (OTC BB: TCCO.OB) today announced that it has received an amendment to a U.S. Army contract for encryption equipment to be delivered to the Government of Egypt. The contract amendment is approximately $610,000 and will be delivered over the next twenty-four months. This amendment is an add-on to the previous equipment order valued at $5.75 million.
Commenting on the order, Mr. Carl H. Guild, Jr., President and Chief Executive Officer of TCC said, "This contract amendment provides additional support for upgrades to fielded units related to the DSD72A-SP deployments in Egypt. We expect shipments on this contract to begin in fiscal 2009 and continue into 2010. We are pleased to see that the Government of Egypt continues to expand and upgrade its TCC supplied systems."
About Technical Communications Corporation
TCC designs, manufactures, and supports superior grade secure communications systems that protect highly sensitive information transmitted over a wide range of data, voice and fax networks. TCC's security solutions protect information privacy on every continent in over 110 countries. Government agencies, militaries, financial institutions, telecommunications carriers and multinational corporations worldwide rely on TCC to protect their communications networks.
Statements made in this press release, including any discussion of our anticipated operating results, financial condition and earnings, and including statements about the Company's ability to achieve and sustain growth and profitability, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, identified by the use of such terms as "anticipates," "believes," "expects," "may," "plans" and "estimates," among others, involve known and unknown risks. The Company's results may differ significantly from the results expressed or implied by such forward-looking statements. The Company's results may be affected by many factors, including but not limited to future changes in export laws or regulations, changes in technology, the effect of foreign political unrest, the ability to hire, retain and motivate technical, management and sales personnel, the risks associated with the technical feasibility and market acceptance of new products, changes in telecommunications protocols, the effects of changing costs, exchange rates and interest rates, and the Company's ability to secure adequate capital resources. These and other risks are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Quarterly Report on Forms 10-QSB for the fiscal quarters ended June 28, 2008, March 29, 2008 and December 29, 2007 and the Company's Annual Report on Form 10-KSB for the fiscal year ended September 29, 2007.
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