Technical Communications Corporation Reports New Business for Afghanistan
27 April 2010 - 7:19AM
Business Wire
Technical Communications Corporation (OTC BB: TCCO.OB), an
international communication security and encryption technology
company, has received orders valued at approximately $9.7 million
for a major expansion of its DSP 9000 military radio encryptors to
be deployed in Afghanistan. These orders include shipments of DSP
9000 radio encryptors for the local forces in Afghanistan. These
new orders were received from Datron World Communications, Inc., a
global supplier of HF/VHF tactical communications equipment.
Accelerated deliveries have been requested for this order which is
planned to be substantially completed in fiscal 2010 and is
expected to raise TCC's sales for 2010 to record levels of
approximately $20 million. This order results from the U.S. effort
to equip the Afghan National forces as part of President Obama’s
troop build-up in Afghanistan. This immediate need generates
significant growth for TCC, and although we expect to continue to
supply the Afghan forces in the future we do not expect individual
orders of this magnitude.
During the past year, TCC has seen an increase in shipments to
the region, which is driven by the need for secure (encrypted)
tactical radio communications between NATO and local security
forces. TCC believes this new deployment will significantly
increase the ability of the Afghan, NATO and US forces to
communicate securely over HF, VHF and UHF radios.
The TCC DSP 9000 family of radio encryptors for HF, VHF, and UHF
radios are rugged, field grade products with a proven track record
of over 15 years of solid, in-use performance with many government
agencies and armed forces around the world. The DSP 9000 comes in
several models, configurable for airborne, naval, manpack and land
vehicle and police applications. For more information on the DSP
9000 product line please visit our web site at
www.tccsecure.com.
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, including statements about the Company’s ability to
achieve and sustain growth and profitability and expand product
lines and market share, 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 Form 10-Q for the quarter ended December 26,
2009 and its Annual Report on Form 10-K for the fiscal year ended
September 26, 2009.
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