NEW YORK, June 17, 2015 /PRNewswire/ -- Tel-Instrument Electronics Corp. (NYSE-MKT: TIK) is a growing company entering a new product cycle which is likely to drive significant revenue and profit growth over the next several years. The company has won several large contracts with the U.S. Military and NATO to be the primary supplier of the next generation Mode 5 test systems used for the ramp and bench testing of Identification Friend or Foe transponders and interrogators. The development of the Mode 5 waveform has been 20 years in development and will allow more data to be transmitted using cryptographic techniques to overcome performance and security limitations of the current standard. This rollout should provide strong revenue and profit growth for years to come and in our opinion a higher valuation for the company.
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