CONCORD, Mass. – July 15, 2013 – Technical Communications Corporation (NasdaqCM: TCCO) has been selected to supply the secure radio and telephone encryption solutions, and customized cryptographic services and tools for a domestic prime contractor supporting a government customer in North Africa. Initial orders totaling $800,000 have been received with follow-on potential of up to approximately $1 million over the next two years.
Carl H. Guild, Jr., president and CEO of Technical Communications Corporation, said, "We are pleased to have been selected as a partner to provide trusted secure communications systems, customized services and training that meet the unique mission-critical security, performance and operational requirements of this international government customer as part of the overall solution."
As part of the agreement, TCC will provide the DSP 9000 universal radio encryption system for secure voice field communications, as well as a secure telephone solution. Additionally, TCC will provide operation, maintenance and cryptography training services, as well as customized tools to enable customer-independent system maintenance and testing, and cryptographic validation.
DSP 9000 Universal Secure Radio Encryption
TCC's DSP 9000 technology secures radio and telephone voice communications across HF/VHF/UHF radio networks, and VoIP, digital and analog telephones. The DSP 9000 universal secure radio encryption system operates with all radio makes and models, and seamlessly overlays on existing voice networks for cost effective end-to-end secure communications. The DSP 9000 has proven in-use performance with government agencies and armed forces around the world, including major deployments in the Middle East, Africa, Latin America and Southeast Asia. Applications span airborne, naval and Land Mobile Radio (LMR) communications.
Guild added, "Being selected to support this program is a testament to our high quality secure communications solutions, custom engineering and services capabilities, and commitment to meeting unique customer requirements."
About Technical Communications Corporation
For over 50 years, TCC has specialized in superior-grade secure communications systems and customized solutions, supporting our CipherONE® best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and corporate enterprises in 115 countries rely on TCC's proven security to protect their communications. Learn more: www.tccsecure.com. Follow us on Twitter and YouTube.
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 its Quarterly Reports on Form 10-Q for the quarters ended March 30, 2013 and December 29, 2012 and the Company's Annual Report on Form 10-K for the fiscal year ended September 29, 2012.
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Investor Relations: Michael P. Malone, 978-287-6219, Email
Our solutions meet TCC's CipherONE Optimized Network Encryption best-in-class criteria for maximum cryptographic strength, and are optimized for performance and ease of use for our customers.