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Technical Communications Corporation
100 Domino Drive
Concord, Massachusetts 01742-2892
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Contact: Michael P. Malone,
Director of Finance
(978) 287 5100
http://www.tccsecure.com
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TECHNICAL COMMUNICATIONS CORPORATION
WINS NEW CONTRACTS FOR ENCRYPTED
DEFENSE COMMUNICATIONS
CONCORD, MA (December 29, 1999) - Technical Communications Corporation (NASDAQ:TCCO) today announced that it has received two contracts, totaling approximately $1 million, for the delivery of its DSD72A-SP bulk encryption system. The contracts were awarded by two foreign countries and will provide secure communications equipment for their air defense systems. Delivery of the equipment will occur in the first quarter of fiscal 2000.
Carl Guild, President and CEO stated that "TCC is pleased that we have again been selected to secure the critical communications for national defense systems. Both of these customers are new and further expand the number of countries that rely on TCC encryption technology for their mission-critical communications. We believe that these initial contracts will be followed by subsequent procurements as the deployments expand."
About Technical Communications Corporation
Based in Concord, Massachusetts, Technical Communications
Corporation's products and services provide encryption security for the
mission-critical networks of governments and corporations around the world.
With over 38 years' experience, TCC is the trusted supplier where secure
data transmission is a critical need.
MATTERS DISCUSSED IN THIS NEWS RELEASE, INCLUDING ANY DISCUSSION OF OR IMPACT, EXPRESSED OR IMPLIED, ON TECHNICAL COMMUNICATIONS CORPORATION'S (THE COMPANY) ANTICIPATED OPERATING RESULTS AND FUTURE EARNINGS, INCLUDING STATEMENTS ABOUT THE COMPANY’S ABILITY TO ACHIEVE GROWTH AND PROFITABILITY, CONTAIN FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED. THE COMPANY’S OPERATING RESULTS MAY DIFFER SIGNIFICANTLY FROM THE RESULTS INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY’S OPERATING 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. THESE AND OTHER RISKS ARE DETAILED FROM TIME TO TIME IN THE COMPANY’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING THE FORM 10-K FOR THE FISCAL YEAR ENDED OCTOBER 2, 1999.
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